Encounter Resources (ENR) H2 2026 earnings summary

Executive summary

• FY26 net loss narrowed to $1.48m from $3.83m, with a $3.48m unrealised fair-value gain on the Hampton Hill investment materially contributing to the result.

• Cash and term deposits rose to $26.92m; exploration remained focused on Aileron, Yeneena and Lamil, alongside Northern Territory and Paterson Province projects.

Financial highlights

• Total income was $1.26m versus $0.99m, including interest income of $1.15m and an unrealised investment gain of $3.48m; FY25 had no such gain.

• Net loss after tax was $1.48m versus $3.83m; loss per share was 0.3 cents versus 0.8 cents.

• Exploration costs written off and expensed were $1.37m versus $1.53m; employee expenses recharged to exploration were $2.68m versus $2.05m.

• Net cash used in operations was $1.13m; investing cash outflow was $15.24m, while financing cash inflow was $24.65m.

Outlook and guidance

• Planned exploration includes 100%-owned Aileron niobium-REE-copper, Northern Territory copper projects, and Paterson Province copper and copper-gold projects.

• Work at the Jessica copper project is to continue with South32 under an earn-in and joint venture; South32 is in the initial interest earning stage and may earn 60% by funding $15m of exploration within 10 years.

• No dividend was paid or recommended for FY26.