GreenX Metals (GRX) H2 2025 earnings summary

Executive summary

• Acquired Tannenberg Copper Project in Germany, expanding the exploration licence area seven-fold to 1,900 km² and initiated modern exploration programs.

• Fully acquired Eleonore North project in Greenland, reporting high-grade antimony and gold mineralisation; antimony prices surged due to Chinese export controls.

• Awarded up to £252 million in compensation from international arbitration against Poland, with interest accruing; Poland is contesting the award in courts.

• Participated in BHP's 2025 Xplor program, receiving US$500,000 non-dilutive funding for Tannenberg exploration.

Financial highlights

• Net loss for the year ended 30 June 2025 was $6,022,365, up from $4,553,934 in 2024, mainly due to higher arbitration-related expenses.

• Cash reserves at 30 June 2025 were $6,826,337, with net assets of $14,322,747, a 6% decrease from the prior year.

• Raised approximately A$7.1 million in a placement to new and existing investors in June 2025.

• No dividends declared or paid for the year.

Outlook and guidance

• Focus remains on defending the arbitration award, enforcing the claim against Poland, and advancing exploration at Tannenberg and Greenland projects.

• Plans to continue identifying and assessing new business opportunities in the resources sector.