S2 Resources (S2R) Q4 2026 TU earnings summary

Executive summary

• Ended June 2026 with a strong cash position of A$18.57 million and no debt.

• Significant exploration progress across multiple Australian projects, with new tenements granted and heritage/environmental surveys completed.

• Ongoing investment in TSXV-listed Valkea Resources, valued at A$5.41 million, representing a 16.86% stake.

Financial highlights

• Operating cash outflows for the quarter totaled A$1.1 million, mainly for exploration and evaluation (A$1.07 million), staff (A$0.20 million), and corporate costs (A$0.10 million).

• Net interest income of A$0.23 million partially offset costs.

• Cash and cash equivalents at quarter end: A$18.57 million, down from A$19.73 million in the previous quarter.

• Payments to related parties totaled A$128,000, covering director and executive remuneration.

Outlook and guidance

• Planned cash outflows for the September 2026 quarter are forecast at approximately A$3.5 million.

• Major drilling programs are scheduled to commence at Jillewarra (WA), Warraweena (NSW), and Loch Lilly (NSW) in the coming quarters.

• Valkea Resources (16.86% owned) is set to begin a major exploration campaign in Finland following a C$8 million capital raise.