Georgina Energy (GEX) H2 2026 earnings summary

Executive summary

• Early-stage resource company focused on helium, hydrogen, and hydrocarbons in Australia, with no revenue generated during the year.

• Significant progress in de-risking assets, advancing exploration, and securing key agreements for Hussar and Mt Winter projects.

• Signed a drilling contract for Hussar (May 2026) and executed a non-binding off-take agreement to sell gas at the wellhead, reducing infrastructure risk.

• Raised capital through equity and debt to fund ongoing exploration and development.

Financial highlights

• Loss after tax for the year ended 31 January 2026: £2.75 million (2025: £5.44 million).

• Administrative expenses: £1.69 million; project expenses: £0.48 million.

• Cash and cash equivalents at year-end: £269,097 (2025: £1,215,874).

• Total assets: £580,066; total liabilities: £3,619,127; net equity: negative £3,039,061.

• No dividend declared.

Outlook and guidance

• Drilling at Hussar scheduled for Q3 2026; Mt Winter acquisition and drilling approval pending regulatory and landowner agreements.

• Additional funding required to meet planned expenditure; multiple funding sources identified, but material uncertainty remains over going concern.

• Focus remains on progressing exploration, securing permits, and advancing toward commercialisation.