Horizon Gold (HRN) H1 2026 earnings summary

Executive summary

• Recorded a net loss after tax of $121,000 for the interim period ended 31 December 2025, compared to a profit of $17,000 in the prior year period.

• Increased other income to $123,000 (2024: $38,000), mainly from additional interest income.

• Completed over 10,700m of drilling and increased the Gum Creek Gold Project Mineral Resource Estimate by 8% to 2.30Moz Au.

• Continued feasibility study on Gum Creek Project, with significant progress in infrastructure and environmental planning.

Financial highlights

• Other income rose to $123,000 from $38,000 year-over-year.

• Gain on remeasurement of rehabilitation provision was $563,000 (2024: $112,000).

• Corporate and administration costs increased to $496,000 (2024: $351,000).

• No tax benefit recognized in 2025 (2024: $594,000 tax benefit).

• Net cash outflow from operating activities was $735,000 (2024: $571,000).

Outlook and guidance

• Feasibility study for Gum Creek Project scheduled for completion in H1 CY2026.

• Planned 80,000m resource expansion and exploration drilling program in CY2026, funded by upcoming capital raisings.