Geo Exploration (GEO) H1 2025 earnings summary

Executive summary

• Completed a transformational half-year with acquisition of an 80% interest in the Juno Project and a new management team to drive strategic objectives.

• Advanced Namibian oil exploration (PEL0094) and expanded mineral exploration in Western Australia.

• Raised significant capital in January 2025 to fund project commitments and working capital.

Financial highlights

• Net loss of US$543,290 for the half-year ended 31 December 2024, compared to a loss of US$3,164 for the same period last year.

• Total assets increased to US$3,987,319 from US$2,364,843 as at 30 June 2024.

• Cash and cash equivalents at period end were US$184,363, down from US$193,070 at 30 June 2024.

• Exploration and evaluation assets rose to US$3,278,347, reflecting the Juno Project acquisition.

• Issued capital increased to US$47,227,236 following share placements.

Outlook and guidance

• Well-capitalised for upcoming exploration activities, especially at the Juno Project.

• Ongoing farm-out discussions for Namibian PEL0094 and further licence applications in Western Australia.

• Management focused on cost control and prudent cash management amid ongoing uncertainties.