Cloudbreak Discovery (CDL) H2 2025 earnings summary

Executive summary

• Undertook strategic repositioning, focusing on active resource project generation and royalty/mineral investments.

• Divested non-core and legacy assets, reallocating capital to higher-potential mineral and energy interests.

• Appointed new leadership with significant mining and finance experience.

• Pivoted operational focus to gold and base metals, especially in Western Australia.

Financial highlights

• Loss for the year ended 30 June 2025 was £2,707,587, compared to a restated loss of £1,627,519 for the prior year.

• Net assets at 30 June 2025 were negative £352,938, down from positive £947,323 at 30 June 2024.

• Cash and cash equivalents at year-end were £53,197, down from £195,157 the previous year.

• Administrative expenses totaled £611,681 for the year.

• Significant impairments: £1,416,442 on debentures, £428,707 on investments, and full impairment of certain exploration assets.

Outlook and guidance

• Focus for the next 12–24 months is on de-risking and delivering exploration success at Darlot West and advancing new project options.

• Plans to monetize or spin off non-core assets and maintain financial discipline to manage dilution.

• Continued pursuit of partnerships and further equity funding as needed.