Torque Metals (TOR) H2 2025 earnings summary

Executive summary

• Completed transformational merger with Aston Minerals, expanding the resource base to 1.75Moz gold and diversifying into two Tier-1 jurisdictions.

• Paris Gold Project advanced with significant drilling success, expanding landholding to ~1,200km² and confirming new high-grade lodes.

• Board renewal with new Chair and Director, both investing $1 million, aligning interests with shareholders.

• Strengthened balance sheet and funding through placements, drill-for-equity partnership, and government grants.

Financial highlights

• Net loss after tax for FY2025 was $7.25 million, compared to $4.68 million in FY2024.

• Revenue from other income was $191,674, down from $417,152 in the prior year.

• Share-based payments increased to $4.89 million from $2.01 million year-over-year.

• Year-end cash balance was $3.39 million, up from $2.26 million at June 2024.

• Exploration and evaluation assets rose to $55.17 million from $19.79 million, reflecting the Aston acquisition.

Outlook and guidance

• Focus remains on expanding the Paris resource through systematic drilling and leveraging DHEM technology.

• Edleston Gold Project in Canada to be positioned for growth, with review of exploration strategies.

• Continued financial discipline and capital management to support exploration and development.

• Exposure to nickel, cobalt, and lithium maintained for future optionality.