Georgina Energy (GEX) H1 2026 earnings summary

Executive summary

• Focused on exploration and development of helium, hydrogen, and hydrocarbon assets in Australia, with key projects at Hussar (Officer Basin) and Mt Winter (Amadeus Basin).

• Raised £1 million in August 2025 to fund ongoing work and working capital, following a £5 million raise at LSE readmission in July 2024.

• Advanced operational milestones include seismic data review, resource upgrades, and progress toward drilling approvals.

• Actively pursuing strategic partnerships and additional high-potential targets.

Financial highlights

• Loss after taxation for the six months ended 31 July 2025 was £1.09 million, a significant improvement from a £4.48 million loss in the same period last year (restated).

• Revenue not reported; main costs were project and administrative expenses totaling £498,869.

• Cash and cash equivalents at period end were £112,302, down from £1.22 million at the start of the period.

• Net cash outflow from operations was £882,409; net cash inflow from financing activities was £334,965.

• Total equity at 31 July 2025 was negative £2.71 million.

Outlook and guidance

• Recent £1 million fundraising deemed sufficient for near-term exploration and working capital.

• Directors confident in ability to secure further funding if required, supporting a going concern basis.

• Awaiting final drilling approval at Hussar and acquisition completion at Mt Winter, with further updates expected.