FireFly Metals (FFM) H2 2025 earnings summary

Executive summary

• Achieved exceptional growth in FY25, including a 51% increase in Green Bay Mineral Resource Estimate and significant expansion of market capitalisation from $358m to $669m year-over-year.

• Completed TSX listing, boosting North American profile and attracting local talent.

• Raised $145m in cash and liquid assets, supporting ongoing exploration and development.

• Advanced Green Bay Copper-Gold Project with environmental approval for upscaled restart and strong exploration results.

Financial highlights

• Market capitalisation increased 88% to $669m as of 30 June 2025, with share price up 40% to $1.04 year-over-year.

• Cash position at 30 June 2025 was $99.9m, up from $37.8m in 2024.

• Net loss after tax for FY25 was $11.4m, improved from $23.9m loss in FY24.

• Total assets rose to $368.1m from $232.5m year-over-year.

• 87,295 metres of exploration drilling completed, driving resource growth.

Outlook and guidance

• Further Mineral Resource Estimate update, Scoping Study, and Preliminary Economic Assessment for Green Bay expected in FY26.

• Accelerated regional discovery program planned, including maiden drilling at Tilt Cove.

• Strategic review of Pickle Crow Gold Project ongoing, with outcome targeted for September 2025.