Cosmos Exploration (EAU) H2 2025 earnings summary

Executive summary

• Reported a net loss after tax of $4,418,949 for FY2025, up 11.6% year-over-year, with continued focus on mineral exploration across lithium, uranium, rare earth, and gold-copper projects in Australia, Canada, and Bolivia.

• Cash and cash equivalents at year-end were $681,511, with net assets of $3,242,660, reflecting a 46.9% decrease in net assets from the prior year due to exploration write-downs and impairments.

• Major project developments included an exclusive option to acquire EAU Lithium Pty Ltd for Bolivian brine technology testing, and ongoing exploration at Nunavut (uranium), Byro East (rare earths), and Corvette Far East (lithium).

Financial highlights

• Revenue for FY2025 was $4,108, down 88.2% year-over-year.

• Net loss after tax increased to $4,418,949 from $3,960,008 in FY2024.

• Impairment of capitalised exploration assets totaled $3,187,500, primarily related to the Corvette project.

• Basic loss per share was $0.049, compared to $0.069 in the prior year.

• Cash outflow from operations was $1,446,005, with $1,581,364 raised from financing activities.

Outlook and guidance

• Ongoing focus on advancing lithium extraction technology in Bolivia, with further testwork and potential industrialisation agreements pending.

• Continued exploration at Nunavut uranium and Byro East rare earth projects, with potential for future joint ventures or partnerships.

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