Quantum Helium (QHE) H1 2025 earnings summary

Executive summary

• Focus shifted to acquiring additional helium exploration projects in the USA and divesting non-core assets, notably the sale of Nadsoilco LLC for up to US$1.75m, with US$500,000 received.

• Portfolio streamlined to emphasize helium, with legacy oil assets sold and Australian interests converted to royalty positions.

• Board changes included the appointment of Carl Dumbrell as Chairman post-period end.

Financial highlights

• Revenue for the half year was $64,542, down from $82,684 year-over-year.

• Gross profit improved to $18,955 from a loss of $10,118 in the prior period.

• Net loss widened to $2,537,131 from $984,851, including $1,066,176 in impairments and $477,047 loss from discontinued operations.

• Cash and cash equivalents at 31 December 2024 were $3,481,147, not including $700,000 expected from asset sales.

• Fundraising of £1.5 million completed in September 2024.

Outlook and guidance

• Strategic focus remains on high-potential helium assets in the USA to drive growth and cash flow.

• Exploration plans include drilling wells in the Vecta Helium Project and advancing other US-based helium projects.

• Anticipated completion of asset sales in Australia to further strengthen working capital.