Helium One Global (HE1) H2 2025 earnings summary

Executive summary

• Achieved major milestone with the award of a 480km² Mining Licence for the southern Rukwa Helium Project in Tanzania in July 2025, following a successful extended well test at Itumbula West-1 confirming a helium discovery with flows up to 7.6% He.

• Diversified portfolio by acquiring a 50% interest in the Galactica-Pegasus helium project in Colorado, USA, with six development wells completed and first gas expected in Q4 2025.

• Strengthened Board with new appointments and maintained strong stakeholder and community engagement.

Financial highlights

• Total comprehensive loss for the year ended 30 June 2025 was $5.5 million, down from $8.7 million in 2024, mainly due to a smaller impairment charge.

• Net assets increased to $53.2 million from $47.5 million year-over-year, reflecting drilling activities and the Colorado project acquisition.

• Cash position at 30 June 2025 was $3.15 million (2024: $11.65 million).

• Exploration costs capitalised as intangible assets rose to $45.7 million (2024: $31.7 million).

Outlook and guidance

• Transitioning from explorer to producer, with further testing at Itumbula West and development of the Galactica project targeting first gas and cash flow in Q4 2025.

• Additional funds raised to support ongoing development in Tanzania and the USA.

• Helium market fundamentals remain strong, with the company positioned to meet rising demand.