Global Lithium Resources (GL1) H1 2026 earnings summary

Executive summary

• Achieved a net profit of $787,133 for the half year ended 31 December 2025, reversing a prior year loss of $3,018,758.

• Major milestones included the execution of a Native Title Mining Agreement and granting of a 21-year Mining Lease for the Manna Lithium Project.

• Completed the sale of the entire investment in Kairos Minerals Limited, raising $7.1m to focus on the Manna Lithium Project.

• Launched and completed the spin-out of gold assets into MB Gold Limited, receiving $900,000 in cash and 8 million MBG shares.

Financial highlights

• Revenue and other income totaled $492,831, with interest received of $345.

• Total expenses were $2,012,872, including $167,623 in share-based payments.

• Cash and cash equivalents increased to $21,977,899 as of 31 December 2025, up from $16,041,880 at 30 June 2025.

• Net assets stood at $165,720,886 at period end.

Outlook and guidance

• Directors expect continued exploration and evaluation of tenements.

• Strategic focus will be on accelerating development of the Manna Lithium Project following the MB Gold spin-out.