Indiana Resources (IDA) H2 2026 earnings summary

Executive summary

• FY2026 ended with a $3.815m loss attributable to owners, reversing FY2025 profit of $97.345m, which included major Tanzania settlement income.

• Final settlement proceedings with Tanzania concluded; a separate shareholder distribution dispute remains in arbitration, with 18% of net proceeds held in term deposits pending resolution.

• Exploration advanced across the 100%-owned, 5,000+ km² Gawler Craton Project, including high-grade Minos results and new targets at Company Well and Ealbara.

Financial highlights

• FY2026 income was $1.427m versus $140.612m in FY2025; FY2025 included $139.603m of ICSID settlement income.

• Net loss was $4.195m versus net profit of $100.351m; loss attributable to owners was $3.815m versus profit of $97.345m.

• Operating cash outflow was $3.440m; investing cash inflow was $3.373m, including settlement funds received net of litigation funding and legal costs.

• Cash and cash equivalents were $11.360m and term deposits $18.713m at 30 June 2026, compared with $44.003m and $25.351m, respectively, a year earlier.

• Exploration and evaluation assets rose to $12.805m from $10.333m, including $2.472m of FY2026 additions.

Outlook and guidance

• A firm exploration budget and on-ground schedule were set for the coming year, with expanded work planned across the Central Gawler portfolio.

• Company Well RC drilling covered 1,386m in eight holes; assays were expected in late October/early November 2026, subject to laboratory turnaround.

• Ealbara drilling is planned to test the strongest parts of its 7km anomaly after approvals; Carne exploration is planned in two stages following heritage and regulatory approvals.

• The LRI arbitration final hearing is scheduled for 14–18 December 2026, with a tribunal decision expected in Q2 2027.