Macro Metals (M4M) H2 2025 earnings summary

Executive summary

• Transitioned from pure-play explorer to diversified mining and mining services group, launching Macro Mining Services (MMS) and securing a life-of-mine contract at the Extension Iron Ore Project.

• Established Indigenous joint ventures and strategic partnerships, expanding logistics and construction materials capabilities.

• Strengthened governance, board, and balance sheet through strategic capital and new appointments.

Financial highlights

• Statutory loss after tax: $6.89M (FY24: $13.95M); key costs: exploration ($3.38M), director/employee ($1.37M), share-based payments ($0.84M).

• Cash at bank: $1.29M; net assets: $6.30M at 30 June 2025.

• Operating cash outflow: $6.08M; financing inflows: $3.67M.

• Shares on issue: 3,978,417,528; low debt ($0.09M chattel mortgage) and $0.13M lease liabilities.

Outlook and guidance

• FY26 priorities: secure approvals and commence Extension Iron Ore Project, achieve first sand exports, convert MMS pipeline into contracts, and advance gold mining services.

• Continue exploration at Turner CID and Wandanya, and progress Derby East Construction Sands Project.