Globe Metals & Mining (GBE) H2 2025 earnings summary

Executive summary

• Advanced Kanyika Project to pre-construction, adopting a Bankable Feasibility Study (BFS) under Early Contractor Involvement (ECI) to improve cost and schedule certainty.

• Secured preliminary offtake agreements for 100% of Phase 1 niobium and tantalum production with partners in Europe, North America, and Asia; focus now on converting these to binding contracts.

• Expanded mining licence to include zircon, hafnium, and rare earths, diversifying the project’s commodity exposure.

• Signed a Community Development Agreement, allocating 0.45% of project turnover to local initiatives and establishing the Kanyika Development Trust.

• Board maintained capital discipline, securing multi-source funding and minimizing shareholder dilution.

Financial highlights

• Consolidated net loss after tax: $3,347K for FY25 (FY24: $3,433K).

• Revenue: $11K; total comprehensive loss: $3,347K.

• Cash and cash equivalents at year-end: $496K (FY24: $1,147K).

• Exploration and evaluation expenditure capitalized: $34,281K (FY24: $31,635K).

• No dividends declared or paid.

Outlook and guidance

• Focus on converting offtake MOUs to binding agreements, completing BFS, finalizing funding, and commencing early works.

• Considering expansion of Phase 1 to 2-3x original capacity, contingent on market demand and funding alignment.

• Positioned to benefit from rising demand for critical minerals in aerospace, energy storage, and electronics.