Kingsrose Mining (KRM) H2 2026 earnings summary

Executive summary

• The year marked a period of transition and strategic focus, highlighted by the appointment of a new CEO and a disciplined approach to capital allocation and project advancement.

• The company advanced exploration and permitting activities across its key projects in Finland (Penikat) and Norway (Finnmark, Råna), while actively seeking new value-accretive opportunities.

• The conclusion of the BHP Finnmark Alliance resulted in 100% ownership of the Finnmark Project, with a focus on securing new strategic partners.

• Sustainability, stakeholder engagement, and responsible exploration remained central to operations, supporting permitting and community relations.

Financial highlights

• Net loss after tax for the year ended 30 June 2026 was $3,827,457, an improvement from $4,816,936 in 2025.

• Corporate and operational support costs decreased to $3,523,453 (2025: $4,781,871).

• Other income was $1,099,243, mainly from bank interest and management fees.

• Exploration and evaluation expenditure totaled $1,357,768, primarily on the Råna and Penikat projects.

• Cash and cash equivalents at 30 June 2026 were $18,116,018 (2025: $27,286,583), reflecting significant outflows for exploration and operational activities.

Outlook and guidance

• FY27 priorities include advancing Penikat towards drilling, progressing permitting, and seeking joint venture partners for Finnmark and Råna.

• The company will continue to evaluate acquisition opportunities in precious, base, and critical minerals.

• Sustainability and disciplined capital allocation remain core to the strategy.