Argosy Minerals (AGY) H2 2025 earnings summary

Executive summary

• Achieved a net profit of $7.3 million for 2025, reversing a $15.5 million loss in 2024, mainly due to the reversal of prior impairment on the Rincon Lithium Project and profit from Puna Mining S.A.

• Advanced development of the Rincon Lithium Project in Argentina and continued exploration at the Tonopah Lithium Project in the USA.

• No dividends were paid or declared for the year.

Financial highlights

• Revenue from interest: $179,480 (2024: $337,462).

• Net profit after tax: $7,310,236 (2024: $15,450,292 loss).

• Total assets: $86.5 million (2024: $83.3 million); net assets: $86.2 million (2024: $82.5 million).

• Cash and cash equivalents: $4.26 million at year-end (2024: $5.96 million).

• Share of profit from joint venture (Puna Mining S.A.): $1,067,040 (2024: $4,989,333 loss).

• Reversal of impairment on Rincon Lithium Project: $10,073,109.

Outlook and guidance

• Focus remains on advancing the Rincon Lithium Project to a construction-ready stage and de-risking the project.

• Plans to progress the 40MW Medium Voltage Line Project and consider new strategic opportunities.

• Continued exploration and evaluation at both Rincon and Tonopah projects.