Investigator Silver (IVR) H2 2026 earnings summary

Executive summary

• FY26 marked a transformational year, advancing the Paris Silver Project from concept to a financeable, development-ready asset, underpinned by the release of a Definitive Feasibility Study (DFS) in February 2026 confirming robust project economics and technical confidence.

• The company strengthened its balance sheet through major capital raisings, ending the year with $59 million in cash and no immediate funding needs.

• Leadership and technical teams were expanded, including a new Managing Director and CFO, to support project execution and future operations.

Financial highlights

• Net loss after tax of $2.49 million for FY26, compared to a profit of $0.23 million in FY25, primarily due to share-based payment expenses and an impairment charge on a divested asset.

• Cash and cash equivalents increased to $58.8 million from $5.1 million year-over-year, driven by successful capital raisings totaling $63 million.

• Exploration expenditure rose to $7.77 million from $2.68 million in the prior year.

• Share-based payment expense increased to $1.22 million (FY25: $33,564).

Outlook and guidance

• FY27 focus is on advancing permitting, project financing, and execution planning for the Paris Silver Project, with the goal of progressing toward production.

• The company is well-positioned to create long-term shareholder value, supported by a strong balance sheet and favorable silver market conditions.