Cokal (CKA) H1 2025 earnings summary

Executive summary

• Loss after tax for the half-year ended 31 December 2024 was US$6.1 million, compared to a US$5.3 million loss in the prior year period.

• Revenue for the half-year was US$2.1 million, down from US$2.5 million year-over-year.

• No dividends were paid or recommended during the period; share capital remained unchanged at 1,078,948,980 shares.

• Strategic partnerships and infrastructure investments were advanced to support coal production ramp-up and logistics.

Financial highlights

• Revenue declined 17% year-over-year to US$2.1 million for the half-year ended 31 December 2024.

• Net loss increased to US$6.1 million from US$5.3 million year-over-year.

• Operating cash inflow was US$2.5 million, up from US$0.2 million in the prior year.

• Cash and cash equivalents at period end were US$0.25 million, down from US$0.48 million at 30 June 2024.

• Total assets were US$49.6 million; net liabilities increased to US$14.6 million.

Outlook and guidance

• Directors expect the BBM project ramp-up and strategic partnerships to generate future operating cash inflows and support working capital needs.

• Infrastructure upgrades and logistics joint ventures are expected to lower costs and improve coal distribution efficiency.