Investigator Silver (IVR) H1 2026 earnings summary

Executive summary

• Reported a net loss after tax of $1,083,497 for the half-year ended 31 December 2025, compared to a profit of $869,774 in the prior corresponding period.

• Principal activity remained mineral exploration, with a focus on the Paris Silver Project and associated tenements.

• No dividends were paid, recommended, or declared during the period.

Financial highlights

• Revenue from interest and other income was $120,761, down from $1,449,164 year-over-year, reflecting lower profit on sale of tenements.

• Exploration expenditure totaled $1,895,325, down from $2,383,344 in the prior period.

• Cash balance at 31 December 2025 was $12,038,316, up from $5,066,330 at 30 June 2025, mainly due to a $10m capital raise.

• Net assets increased to $47,886,688 from $38,794,684 at 30 June 2025.

• Basic and diluted loss per share was (0.06) cents, compared to earnings of 0.05 cents per share in the prior period.

Outlook and guidance

• Paris Silver Project DFS released post-period confirms strong, high-margin economics and a low-risk development pathway.

• $55 million institutional placement announced in March 2026 to fund Paris development and accelerate the pathway to first silver.

• Proceeds will be used to progress permitting, tighten execution certainty, and ramp up exploration.