Peel Mining (PEX) H2 2025 earnings summary

Executive summary

• Transition year with new leadership, including a new Managing Director/CEO and CFO, and a refreshed strategy focused on unlocking project value in the Cobar Basin.

• Completed a well-supported capital raising post-FY25, strengthening financial flexibility for exploration and pre-development studies.

• Focus on advancing copper and polymetallic resources, feasibility studies, and stakeholder engagement.

Financial highlights

• Net loss after tax for FY25 was $2,097,745, an improvement from $2,700,781 in FY24.

• Revenue and other income totaled $673,328, up from $429,203 in FY24.

• Cash and cash equivalents at year-end were $1,398,824, down from $6,274,072 in FY24.

• Exploration assets increased to $103,152,928 from $99,935,685.

• No dividends declared or paid.

Outlook and guidance

• Board intends to progress projects toward development, acknowledging inherent risks and funding needs.

• Ongoing feasibility and pre-development studies, with focus on incorporating new open-pit resources to improve project economics.

• Additional funding required to advance exploration and development; short-term loan of $850,000 secured post year-end.