FireFly Metals (FFM) H2 2026 earnings summary

Executive summary

• Achieved significant milestones at Green Bay Copper-Gold Project, including robust PEA, major resource growth, and successful permitting steps.

• Divested non-core Ontario Gold Assets, simplifying portfolio and returning value to shareholders.

• Strengthened balance sheet with $184.3M cash at year-end and completed $180M equity raising post-year-end.

• Added to S&P/ASX 200 Index, reflecting increased market profile and institutional support.

Financial highlights

• Loss after tax of $23.6M for FY26, up from $11.4M in FY25, driven by investment in Green Bay and non-cash items.

• Interest income of $6.6M and $7.2M profit from Ontario Gold Assets divestment partially offset losses.

• Cash and cash equivalents increased to $184.3M (from $99.9M), total assets at $451.4M.

• No external debt; total liabilities at $26.2M, including $9.2M rehabilitation provision.

• Market capitalisation rose 102% to ~$1.4B; share price up 69% to $1.76.

Outlook and guidance

• Focus remains on advancing Green Bay towards production, with a Definitive Feasibility Study and Final Investment Decision targeted for FY27.

• Ongoing drilling and exploration to further grow resources and test regional targets.

• Substantial liquidity and recent capital raising provide flexibility for project development and exploration.