Geo Exploration (GEO) H2 2025 earnings summary

Executive summary

• Advanced the Juno Project in Western Australia, expanding tenure to 450 sq km and commencing maiden drilling in Q3 2025; assays pending for first drill hole JUD001, with second hole underway.

• Upgraded Namibian PEL0094 licence resource by 22% to 4.31 billion barrels unrisked; active farm-out discussions ongoing with multiple parties.

• Completed equity fundraisings totaling £2.4 million and repaid a $270,000 CEO loan, leaving the company debt-free post-year-end.

• Board and management changes included new CEO, CFO, CCO, and Non-Executive Director appointments.

Financial highlights

• Loss after tax for the year ended 30 June 2025 was US$1,094,288, compared to US$1,041,261 in 2024.

• Cash balance at 30 June 2025 was US$1,072,198, up from US$193,070 at 30 June 2024.

• Exploration and evaluation assets increased to US$3,589,780 from US$2,017,693 year-over-year.

• Net assets rose to US$4,468,455 from US$2,040,668 year-over-year.

• No dividends declared or paid for the year.

Outlook and guidance

• Strategy focuses on high-impact gold and oil exploration, with disciplined capital allocation and portfolio expansion.

• Juno Project drilling campaign ongoing, with further assays and drilling results expected in Q4 2025.

• Namibian licence positioned in a highly prospective basin; farm-out negotiations expected to conclude soon.