Hot Chili (HCH) H2 2025 earnings summary

Executive summary

• Delivered pre-feasibility studies (PFS) for Costa Fuego copper-gold project and Huasco Water project, both registered for priority status by the Chilean Ministry of Economy.

• Confirmed a significant new copper-gold porphyry discovery at La Verde, expanding resource potential.

• Raised A$14.1 million to fund strategic partnering and further drilling at La Verde.

• Strengthened board and executive team with key appointments, adding extensive mine development experience.

Financial highlights

• Net loss after tax for FY2025 was $11.14 million, compared to $7.57 million in FY2024.

• Total assets at 30 June 2025 were $244.8 million; cash and cash equivalents stood at $5.19 million.

• Exploration and evaluation expenditure capitalized at $235.8 million.

• No dividends declared or paid.

Outlook and guidance

• Advancing feasibility studies for Costa Fuego and Huasco Water, targeting a final investment decision.

• Continued exploration at La Verde and regional targets, with focus on resource growth.

• Ongoing strategic partnering process to secure funding and operational partners.