Bougainville Copper (BOC) H2 2025 earnings summary

Executive summary

• Revenue from ordinary activities decreased by 1.29% year-over-year to K3,435,000.

• Net loss attributable to members increased by 61.58% year-over-year to K13,374,000.

• Group consolidated loss for the year was K16 million, up from K13.4 million in the prior year.

• No dividends were declared or paid for the year.

Financial highlights

• Total comprehensive loss for the period was K6.6 million, compared to K15.7 million in the previous year.

• Fair value of investments increased by K0.7 million, reversing a K2.3 million decrease in the prior year.

• Income from interest and dividends was K3.5 million, similar to K3.4 million last year.

• Net tangible asset backing per ordinary security was K0.1842, down from K0.2006.

Outlook and guidance

• Pre-feasibility and feasibility works for the Panguna project have not yet commenced.

• The company is progressing with social mapping and landowner engagement as part of its exploration commitments.