Australian Gold and Copper (AGC) H2 2025 earnings summary

Executive summary

• Loss after income tax for FY25 was $1,089,362, up from $644,414 in FY24, reflecting increased exploration and project assessment costs.

• No dividends were paid or declared for the year.

• Major strategic acquisitions expanded the South Cobar Project to over 2,600 km², including the Browns Reef Project and EL9012 tenement.

• Successful capital raising of $6.05 million via share placement to GeoZen, maintaining their 55% shareholding.

• Board changes included the resignation of David Richardson and the appointment of Pan Yang as Non-Executive Director.

Financial highlights

• Revenue (other income) increased to $755,293 from $293,968 year-over-year.

• EBITDA loss was $1,039,570, and EBIT loss was $1,630,871 for FY25.

• Cash and cash equivalents at year-end were $13,995,085, down from $14,238,989.

• Exploration and evaluation assets rose to $21,580,207 from $16,051,156.

• Basic and diluted loss per share was 0.43 cents, compared to 0.39 cents in FY24.

Outlook and guidance

• The company is well-funded to accelerate exploration in the Central Lachlan Fold Belt.

• Further drilling and resource definition at Achilles and Browns Reef are planned.

• Directors withheld specific forward-looking statements to avoid unreasonable prejudice.