Cosmos Exploration (EAU) H1 2025 earnings summary

Executive summary

• Net loss after tax for the half-year ended 31 December 2024 was $666,164, a significant improvement from a $2,205,625 loss in the prior year period.

• The company is focused on mineral exploration, with a portfolio evolving through strategic land acquisitions in high-potential geological regions.

• Entered an exclusive option agreement to acquire 100% of EAU Lithium Pty Ltd, expanding into the lithium sector in South America.

Financial highlights

• Revenue for the period was $1,907, down from $28,211 in the prior year.

• Total expenses decreased to $666,164 from $2,205,625 year-over-year, mainly due to lower exploration and administration costs.

• Basic and diluted loss per share improved to (0.85) cents from (4.01) cents.

• Cash and cash equivalents at period end were $170,445, down from $695,853 at 30 June 2024.

• Net assets stood at $5,820,123 as of 31 December 2024.

Outlook and guidance

• The company’s ability to continue as a going concern depends on securing additional funding through debt or equity.

• Discretionary expenditures can be slowed or suspended to manage working capital.

• Received commitments for a $1,250,000 placement post-period, with $1,000,000 already received.