Diatreme Resources (DRX) H1 2026 earnings summary

Executive summary

• Net loss for the half year ended 30 June 2026 was $3,024,840, compared to a loss of $727,754 for the same period in 2025.

• No dividends were paid or proposed during the period.

• Cash and cash equivalents at 30 June 2026 were $2,732,320, with an additional $4,522,980 held in the joint venture.

• Significant progress was made on the Northern Silica Project, including resource upgrades and environmental approvals.

• Strategic restructuring completed via divestment of Cape Flattery Silica Project into a joint venture.

Financial highlights

• Total revenue and income for the half year was $143,020, down from $568,305 in the prior year.

• Total expenses increased to $3,225,051 from $1,570,339 year-over-year.

• Loss before income tax was $3,024,840, compared to $727,754 in the prior year.

• Cash flow from operating activities was negative $1,354,487; net cash increased by $393,401 due to investing inflows.

• Equity decreased to $89,256,819 from $92,281,659 at 31 December 2025.

Outlook and guidance

• Directors remain confident in the ability to meet obligations, supported by a track record of raising capital and asset sales.

• Ongoing focus on advancing the Northern Silica Project and Cyclone Zircon Project, with further technical and community engagement planned.

• Additional $4.4 million joint venture funding received post-period end to support project development.