Cloudbreak Discovery (CDL) H1 2026 earnings summary

Executive summary

• Loss for the six months ended 31 December 2025 was £523,218, a significant improvement from a £1,022,322 loss in the prior year period, reflecting tighter cost discipline and a more focused investment approach.

• Cash and cash equivalents increased to £159,058 from £53,197 at 30 June 2025, driven by successful capital raises.

• The company disposed of non-core financial assets and simplified its balance sheet to focus on value-generating opportunities.

• Post-period, a further £1.85 million was raised in January 2026, enhancing financial flexibility for project development.

Financial highlights

• Revenue not reported; operating loss for H2 2025 was £527,536 compared to £170,091 in H2 2024.

• Net finance income of £175,057 and finance costs of £790 were recorded.

• Other gains/(losses) amounted to a loss of £845,994, with a gain on disposal of investments of £28,174 and impairment of loans of £123,705.

• Administrative expenses rose to £442,582 (H2 2024: £222,877), and exploration expenditure was £82,274.

• Basic and diluted loss per share was 0.04p (H2 2024: 0.1p).

Outlook and guidance

• Focus remains on advancing the Australian project portfolio, securing strategic partnerships, and identifying new opportunities aligned with disciplined investment criteria.

• The recent capital raise provides a clear runway to advance key projects and expand the project pipeline.

• The Board believes the company is better positioned than at any time in recent history to execute its growth strategy.