Toro Energy (TOE) H2 2025 earnings summary

Executive summary

• Focused on advancing the Wiluna Uranium Project, including re-optimisation of the Lake Maitland mining pit and updated scoping study for a stand-alone uranium-vanadium operation.

• Net loss after tax for FY2025 was $9.65M, up from $8.07M in FY2024, including a $3M non-cash impairment of exploration and evaluation assets.

• No dividends declared or paid; no significant events after the reporting period.

Financial highlights

• Revenue from other income was $745K, mainly from interest, consulting, and compensation proceeds.

• Total impairment of non-current assets was $3.21M, including $3M for exploration and evaluation assets.

• Cash and cash equivalents at year-end were $6.24M, down from $11.81M the previous year.

• Total assets decreased to $22.3M from $31.5M; net assets at $21.5M.

• Weighted average shares outstanding: 120.3M; basic and diluted loss per share: (8.02) cents.

Outlook and guidance

• Plans to continue technical, R&D, and financing activities for Wiluna, and explore the Dusty Nickel and Yandal Gold/Base Metals Projects.

• Ongoing search for new project and investment opportunities in uranium and energy-related commodities.