KGL Resources (KGL) H1 2026 earnings summary

Executive summary

• Advanced the Jervois Project toward construction readiness, focusing on enabling works, optimisation studies, and funding discussions with shortlisted partners.

• Completed a successful $11 million capital raising, strengthening the balance sheet for ongoing project development.

• Appointed a new CEO and an independent non-executive director to enhance leadership during the transition to development and construction.

Financial highlights

• Recorded a net loss after tax of $1,977,793 for the half-year ended 31 December 2025, compared to a $1,343,565 loss in the prior year.

• Cash reserves at period end were $10,666,643, up from $5,116,103 at 30 June 2025.

• $2,625,745 was capitalised to exploration and evaluation assets during the period.

• Raised $10,444,697 from share issues, net of costs, supporting project advancement.

Outlook and guidance

• Targeting Final Investment Decision (FID) and commencement of construction in 2026.

• Ongoing funding and offtake discussions with multiple parties to secure optimal financing structure.

• Exploration program aims to extend mine life to 20+ years and support sustained production growth.