Global Lithium Resources (GL1) H2 2025 earnings summary

Executive summary

• Achieved major milestones with the Manna Lithium Project, including a Native Title Mining Agreement and the granting of a Mining Lease, significantly de-risking the project and advancing it toward development and a Final Investment Decision (FID).

• Undertook a comprehensive Board renewal, bringing in new leadership and a unified focus on project milestones and disciplined financial management.

• Maintained a robust cash position of $16 million as of 30 June 2025, with no debt, supporting ongoing project development.

• Focused on optimising the Definitive Feasibility Study (DFS) for Manna to enhance project economics and attract strategic partners.

Financial highlights

• Consolidated net loss after tax for FY2025 was $3.85 million, an improvement from the prior year’s $4.37 million loss.

• Total income was $1.77 million, primarily from interest and government grants.

• Cash and cash equivalents at year-end were $16.04 million, down from $26.85 million the previous year.

• Exploration and evaluation assets increased to $144.1 million, reflecting ongoing investment in Manna and Marble Bar projects.

• No dividends were paid or recommended for the year.

Outlook and guidance

• Optimised DFS for Manna expected to be completed by December 2025, with environmental approvals targeted for 2026 and a FID anticipated in late 2026.

• Actively pursuing strategic partnerships and additional offtake agreements to support project funding and development.

• Well-positioned to capitalise on a potential recovery in global lithium demand.