Austin Metals (AYT) H1 2026 earnings summary

Executive summary

• Net loss after tax for the half-year ended 31 Dec 2025 was $218,454, a significant improvement from a $6,271,547 loss in the prior corresponding period.

• Principal activity remains exploration and development of high-grade base and precious metal deposits.

• Divestment of Broken Hill tenement package completed, focusing resources on core Western Australian gold assets.

• Board changes included appointment of Michael Moore as Managing Director and resignation of Paul L'Herpiniere as Non-Executive Director.

Financial highlights

• Revenue from ordinary activities was $3,232, down from $12,704 in the prior period.

• Net loss after tax improved to $218,454 from $6,271,547 year-over-year.

• Cash and cash equivalents increased to $2,024,057 as of 31 Dec 2025, up from $1,056,081 at 30 Jun 2025.

• Equity rose to $12,335,207 from $10,677,890 at 30 Jun 2025.

• Deferred exploration and evaluation expenditure stood at $9,939,751.

Outlook and guidance

• Continued focus on advancing Western Australian gold projects, including further exploration and target generation at Austin Gold and Ashburton Projects.

• Ongoing capital raising initiatives to support exploration and operational activities.