Wishbone Gold (WSBN) H2 2025 earnings summary

Executive summary

• 2025 marked a year of restructuring, including voluntary administration of Wishbone Gold WA Pty Ltd, resulting in a clean financial slate and renewed exploration activity in Western Australia.

• Significant fundraising of £7.95 million in 2025 and an additional £1.1 million in April 2026 strengthened the balance sheet and funded exploration.

• Share consolidation (100:1) reduced issued share capital, streamlining the capital structure.

Financial highlights

• Revenue for 2025 was £506,088, up from £116,510 in 2024.

• Operating loss narrowed to £1,203,975 from £1,459,205 year-over-year.

• Net loss for 2025 was £1,207,621, compared to £1,462,169 in 2024.

• Cash and cash equivalents at year-end were £3,397,895, up from £124,895 in 2024.

• Total assets increased to £12,600,370 from £6,141,717 year-over-year.

Outlook and guidance

• Exploration programs in Western Australia are ongoing and expanding into 2026, with further drilling and assay results expected.

• Acquisition of the Silver Lake Project is expected to enable low-level production within the year.

• The company is well-funded for current plans through 2026 following recent fundraising.