Chatham Rock Phosphate (CRP) H1 2025 earnings summary

Executive summary

• Net loss for nine months ended December 31, 2024 was $1,006,426, an improvement from $1,313,817 for the same period in 2023.

• The company remains in a development stage, focusing on phosphate projects in New Zealand, French Polynesia, and Australia.

• Ongoing efforts to secure funding and progress key mining permits and concessions.

Financial highlights

• Cash and cash equivalents at period end were $51,161, down from $110,172 at March 31, 2024.

• Operating cash outflows for nine months were $1,082,951, with investing outflows of $63,220 and financing inflows of $1,087,354.

• Shareholders' equity decreased to $6,513,303 from $6,550,158 at March 31, 2024.

• Basic and diluted loss per share for nine months was $0.010, compared to $0.015 for the same period last year.

• Weighted average shares outstanding increased to 101,676,926 from 88,655,401 year-over-year.

Outlook and guidance

• Management expects further losses as development continues and is preparing for the Korella North project to commence in late 2025.

• Ongoing private placements and capital raises are planned to support operations and project development.

• Material uncertainties exist regarding the ability to raise sufficient capital and achieve project milestones.