Argosy Minerals (AGY) H1 2025 earnings summary

Executive summary

• Focused on development of the Rincon Lithium Project (Argentina) and exploration of the Tonopah Lithium Project (USA).

• No significant change in principal activities or state of affairs during the half-year.

• Achieved milestones in project development, including resource upgrades and infrastructure agreements.

• No dividends declared or paid for the period.

Financial highlights

• Net loss after tax of $6.26 million for H1 2025, a significant improvement from $70.91 million loss in H1 2024.

• H1 2024 included a $69.35 million impairment expense related to Puna Mining S.A.; no impairment in H1 2025.

• Basic and diluted loss per share: (0.43) cents, compared to (5.02) cents in H1 2024.

• Cash and cash equivalents at 30 June 2025: $3.60 million, down from $5.96 million at 31 Dec 2024.

• Total assets: $74.67 million; net assets: $74.33 million as of 30 June 2025.

Outlook and guidance

• Progressing feasibility and engineering for 12,000tpa lithium carbonate production at Rincon.

• Targeting construction-ready status and regulatory approvals for expansion to 24,000tpa.

• Exploring new strategic project opportunities and acquisitions.