Gold Hydrogen (GHY) H1 2026 earnings summary

Executive summary

• Focused on exploration and development of Natural Hydrogen and Helium, with successful completion of Ramsay 3 and Ramsay 4 wells on the Yorke Peninsula during the half-year ended 31 December 2025.

• Secured a $14.5 million strategic investment from Toyota, Mitsubishi Gas Chemical, and ENEOS Xplora, establishing collaborations for long-term value chain opportunities.

• Expanded technical and operational team, including a new Chief Commercial Officer and General Manager of Operations to support project execution.

Financial highlights

• Net loss after tax for the half-year was $1,086,474, an improvement from $1,314,236 in the prior year period.

• Total comprehensive loss for the half-year was $1,086,474.

• Cash and cash equivalents at 31 December 2025 were $5,166,626, down from $11,484,796 at 30 June 2025.

• Raised $14.5 million via share placement at $0.70 per share, increasing issued capital to $56,891,828.

• Exploration and evaluation assets increased to $34,636,483 from $21,718,898 at 30 June 2025.

Outlook and guidance

• Ongoing focus on advancing exploration and appraisal activities, with future pilot project areas and commercial development decisions informed by 2025/26 drilling results.

• Continued analysis and groundwork in regional application areas, with results from fluid inclusion studies expected to guide future exploration.

• Received $2,734,957 R&D tax incentive refund after the reporting period, strengthening working capital.