S2 Resources (S2R) H2 2026 earnings summary

Executive summary

• Achieved a net profit of $12.7 million for the year ended 30 June 2026, reversing a prior year loss of $2.6 million, primarily due to a $16.5 million gain from the sale of an exploration licence.

• Principal activity remains mineral exploration, with ongoing projects in Australia and new joint venture agreements signed.

• No dividends were paid or proposed for the year.

Financial highlights

• Revenue included a $16.5 million gain from the sale of exploration licence EL007795.

• Operating expenses included $3.7 million in exploration expenditure, $1.6 million in administration, and $0.5 million in share-based payments.

• Cash and cash equivalents increased to $18.6 million from $3.8 million year-over-year.

• Basic and diluted earnings per share were 2.44 cents, compared to a loss of 0.57 cents per share in the prior year.

• Total equity rose to $25.4 million from $9.1 million.

Outlook and guidance

• Continued focus on mineral exploration in Australia and pursuit of new exploration opportunities.

• Ongoing assessment of new business opportunities, including acquisitions, joint ventures, and divestments.