Gold Hydrogen (GHY) H2 2025 earnings summary

Executive summary

• Completed a $14.5 million strategic investment from Toyota, Mitsubishi Gas Chemical, and ENEOS Xplora at a 22% premium to market, supporting drilling and commercialization of the Ramsay Project.

• Focused on natural hydrogen and helium exploration in South Australia, with a flagship Ramsay Project and a portfolio exceeding 75,000km² in permits and applications.

• Loss after tax for FY25 was $2.24 million, up from $1.86 million in FY24, reflecting increased exploration and corporate activity.

• No dividends declared or paid.

Financial highlights

• FY25 net loss: $2,241,100 (FY24: $1,861,788 loss).

• Cash and cash equivalents at 30 June 2025: $11.48 million (FY24: $4.72 million).

• Total assets: $34.49 million; net assets: $33.36 million.

• R&D tax refund received: $6.47 million in February 2025.

• No revenue from operations; primary expenses relate to employee benefits, exploration, and corporate costs.

Outlook and guidance

• 2025/26 drilling and well testing campaign planned, funded by recent strategic investment.

• Focus on further delineation and appraisal of Ramsay Project’s hydrogen and helium resources.

• Ongoing evaluation of commercialization pathways, including green methanol production and hydrogen supply for mobility and industrial uses.