AusQuest (AQD) H2 2025 earnings summary

Executive summary

• Transformative year marked by the Cangallo porphyry copper discovery in Peru, with significant drilling success and expansion of mineralisation, supporting a $7.5 million capital raise and further exploration phases.

• Strategic Alliance Agreement with South32 enabled active exploration in Australia, including major programs at Morrisey (iron), Balladonia (base metals), and new projects at Coober Pedy and Mt Davis.

• Well-funded position with $7.2 million in cash at year-end, enabling aggressive exploration strategy across both Peru and Australia.

Financial highlights

• Revenue and other income for FY2025 was $494,591, up from $224,547 in FY2024.

• Net loss after tax of $1,610,656, compared to a profit of $256,727 in the prior year, mainly due to increased exploration and impairment expenses.

• Earnings per share from continuing and discontinued operations was a loss of 0.15 cents (2024: earnings of 0.03 cents).

• Cash and cash equivalents at 30 June 2025 were $7,203,852, up from $1,070,206 at the prior year-end.

• Exploration and evaluation expenditure capitalised increased to $10,519,121 (2024: $6,441,283).

Outlook and guidance

• Ongoing drilling at Cangallo, with deeper diamond drilling and a third phase of RC drilling planned to extend the discovery.

• Drill permits for Lantana and Playa Kali in Peru expected in H1 FY2026, with both projects advancing toward drill readiness.

• Further exploration and drilling at Balladonia, Morrisey, Coober Pedy, and Mt Davis in Australia, with results and assays pending.

• The company expects significant exploration progress and news flow in the coming year.