Quantum Helium (QHE) H2 2025 earnings summary

Executive summary

• Revenue from continuing operations rose to AUD $504k, up from $186k year-over-year, driven by the Sagebrush acquisition.

• Net loss widened to AUD $10.3m (FY24: $1.5m), mainly due to exploration costs and asset impairments.

• Strategic shift completed from oil to helium, with Sagebrush in Colorado now the cornerstone asset.

• Exit from legacy oil interests finalized, aligning operations with helium growth strategy.

• Board and management strengthened with new appointments and governance enhancements.

Financial highlights

• Revenue from continuing operations: AUD $504k (FY24: $186k); consolidated revenue down due to discontinued oil operations.

• Net loss: AUD $10.3m (FY24: $1.5m), reflecting high exploration and impairment expenses.

• Cash at year-end: AUD $3.9m; cash as of 25 September 2025: AUD $2.6m.

• Gross profit from continuing operations: AUD $281k (FY24: $76k).

• Basic and diluted loss per share: (0.055) cents (FY24: (0.022) cents).

Outlook and guidance

• FY26 focus on drilling and testing at Sagebrush to establish commercial potential.

• Continued application of exploration insights to refine helium targeting.

• Commitment to financial discipline while advancing projects toward production.