Goldstone Resources (GRL) H1 2025 earnings summary

Executive summary

• Produced 2,917 ounces of gold to end of August 2025, with steady operational progress at Homase and ongoing expansion of heap leach facilities.

• Achieved significant infrastructure upgrades funded from cashflow, supporting long-term capacity.

• Leadership transition with Campbell Smyth appointed Interim Chairman post-period.

Financial highlights

• Revenue for H1 2025 was $6.7M, up from $2.6M in H1 2024.

• Gross profit increased over 200% year-over-year, reaching $3.89M for H1 2025.

• Net loss for H1 2025 was $3.76M, compared to $2.41M in H1 2024.

• Cash and cash equivalents at 30 June 2025 were $437K, down from $789K at 30 June 2024.

• Total assets increased to $29.7M from $20.3M year-over-year.

Outlook and guidance

• Focus remains on delivering 48,000 tonnes of agglomerated ore per month and maintaining an average grade of 1 g/t at Pit 1.

• Expansion of heap leach facilities expected to support growth into 2026.

• Confident in asset fundamentals and ability to execute growth plans.