Far East Gold (FEG) H2 2026 earnings summary

Executive summary

• Increased ownership in Idenburg Gold Project to 51% via asset acquisition, with pathway to 80% upon feasibility study completion by end-2027.

• Unsolicited takeover bid by Xingye Gold led to significant board and governance activity; bid ultimately rejected by independent committee.

• Continued exploration focus on Indonesian and Australian gold/copper projects, with major resource upgrade at Idenburg.

Financial highlights

• Net loss after tax increased to $8.06M (FY25: $6.48M), mainly due to Woyla project impairment and share-based payments.

• Loss before tax was $13.55M (FY25: $6.51M); cash outflow from operations $1.90M (FY25: $4.61M).

• Net current assets at $1.39M (FY25: $11.0M); cash and equivalents $1.90M (FY25: $3.44M); no term deposits at year-end.

• Exploration and evaluation assets rose to $51.1M (FY25: $33.8M), reflecting project acquisitions and capitalised expenditure.

• Impairment charge of $10.9M recognised for Woyla project.

Outlook and guidance

• Near-term focus on completing Indonesian Feasibility Study for Idenburg to increase ownership to 80%.

• Ongoing need for additional funding to support exploration, feasibility, and permitting activities.

• Board expects further capital raising and/or project-level transactions in FY27.