Magnetic Resources (MAU) H2 2025 earnings summary

Executive summary

• Focused on gold development in Western Australia, highlighted by a major resource upgrade and feasibility study for the Lady Julie Gold Project.

• No dividends declared or paid; directors do not recommend a dividend.

• Robust governance, with all board members active in audit and remuneration oversight.

Financial highlights

• Net loss after tax for FY25 was $14.2 million, compared to $12.3 million in FY24.

• Revenue for FY25 was $199,242, down from $503,035 in FY24.

• Cash and cash equivalents at 30 June 2025 were $7.9 million, down from $9.2 million a year earlier.

• Basic and diluted loss per share was 5.37 cents (FY24: 5.29 cents).

• Share-based payment expense totaled $1.37 million.

Outlook and guidance

• Feasibility Study for Lady Julie Gold Project confirmed robust economics and a viable standalone development pathway.

• Mining Lease M38/1315 granted for Lady Julie North 4; further leases and access agreements executed.

• $35 million raised via institutional placement post-year-end to fund ongoing development.