Sunstone Metals (STM) H1 2026 earnings summary

Executive summary

• Loss for the half-year ended 31 December 2025 was $1,044,384, an improvement from a $1,183,764 loss in the prior year, mainly due to lower employee expenses and reduced exploration activity.

• Cash balance increased to $7,822,784 from $2,674,579 at June 2025, supported by a $7.92 million share placement and $2.08 million from option exercises.

• Net assets rose to $101,671,138 from $94,129,224 at June 2025, reflecting capital inflows and increased exploration assets.

• No dividends were paid or recommended during the period.

Financial highlights

• Revenue from interest and other income was $30,381, down from $49,422 in the prior period.

• Employee expenses decreased to $591,248 from $655,312, reflecting cost reductions.

• Net operating cash outflows were $1,061,050, lower than $1,599,369 in the prior period.

• Net investing cash outflows were $3,167,673, down from $5,341,253, due to reduced drilling activity.

• Basic and diluted EPS remained at (0.0) cents.

Outlook and guidance

• Further exploration and drilling planned for Bramaderos and El Palmar in 2026, subject to funding.

• Directors believe sufficient cash is available for ongoing operations, but future capital raising or partnerships may be required.