Yari Resources (YAR) H1 2026 earnings summary

Executive summary

• Focused on exploration for lithium in Pilbara, WA, and coal in Queensland's Bowen Basin, with a strategic shift toward coal assets and a rebranding to Yari Resources Limited during the period.

• Advanced the Rolleston South Coal Project, announcing a maiden Indicated Resource and confirming low-ash, low-sulphur coal quality; post-period, acquired Arcadia Coal Project, doubling coal resources to over 500Mt.

• Appointed Ms. Courtney Taylor as Managing Director to drive Queensland coal asset expansion.

Financial highlights

• Net loss after tax for the six months ended 30 June 2026 was $972,831, a significant improvement from a $2,595,170 loss in the prior year period.

• Total assets at 30 June 2026 were $652,019, down from $1,571,179 at 31 December 2025.

• Cash and cash equivalents stood at $490,084, compared to $1,274,808 at year-end 2025.

• No borrowings as of 30 June 2026.

• Basic and diluted loss per share was 0.12 cents, improved from 0.53 cents per share year-over-year.

Outlook and guidance

• Acquisition of Arcadia Coal Project post-period is expected to double coal resources and support district-scale consolidation in the Rolleston coal district.

• Ongoing assessment of multiple product pathways at Arcadia, including semi-soft coking, PCI, and high-energy thermal coal.

• Continued evaluation of Pilbara lithium assets for future development.