Southern Cross Gold Consolidated (SX2) Q1 2026 TU earnings summary

Executive summary

• Completed acquisition of remaining shares in SXG AUS, making it a wholly owned subsidiary.

• Focused on exploration and development of the Sunday Creek and Redcastle projects in Victoria, Australia.

• No production revenue; company remains in the exploration stage.

• Maintained strong ESG performance with zero recordable injuries and active community engagement.

Financial highlights

• Reported net loss of $925,512 for Q1 2026, compared to $687,835 in Q1 2025.

• Interest income rose to $1,142,650 from $41,591 year-over-year due to higher cash balances.

• Working capital stood at $139,951,604 as of August 31, 2025.

• Total assets increased to $246,976,218 from $245,163,954 at May 31, 2025.

• No equity financings completed during the quarter.

Outlook and guidance

• Management believes resources are adequate to fund core operations and planned exploration for the next twelve months.

• Ongoing 200,000 m drill program at Sunday Creek through Q1 2027.

• No proposed transactions or off-balance sheet arrangements.