Southern Cross Gold Consolidated (SX2) H2 2026 earnings summary

Executive summary

• Completed major corporate restructuring in January 2025, acquiring all shares of SXG AUS and spinning out uranium assets.

• Listed on ASX, TSX, and OTCQX during 2025, expanding market presence.

• Focused on exploration and evaluation of mineral interests, with no production revenue as of May 31, 2026.

Financial highlights

• Total assets increased to $275.6M as of May 31, 2026, up from $245.2M in 2025.

• Net loss for the year was $5.5M, a reduction from $8.1M in 2025.

• Cash and cash equivalents at year-end were $119.1M, down from $151.2M in 2025.

• Exploration and evaluation assets rose to $119.6M from $74.7M year-over-year.

• Basic and diluted loss per share improved to $0.02 from $0.05 year-over-year.

Outlook and guidance

• Management considers working capital of $114.5M sufficient to fund operations and planned exploration for the next twelve months.

• Minimum tenement spending commitments in Australia total AUD $29.2M over the next five years.