Tivan (TVN) H2 2026 earnings summary

Executive summary

• Advanced all major projects, including Speewah Fluorite, Molyhil Tungsten, and Timor-Leste copper-gold assets, with significant resource upgrades and feasibility studies completed.

• Secured major joint ventures and strategic partnerships, notably with Sumitomo Corporation, JOGMEC, ETFS Capital, and Murak Rai Timor.

• Raised substantial capital through placements, option exercises, and government grants, strengthening the balance sheet.

• Expanded executive and technical teams to support project delivery and community engagement.

Financial highlights

• Operating loss after tax: $14.3 million (2025: $4.9 million), reflecting increased exploration and development activity.

• Exploration and evaluation assets capitalised: $27.4 million (2025: $10.8 million).

• Total assets: $93.5 million (2025: $43.7 million); net assets: $78.9 million (2025: $38.8 million).

• Cash at 30 June 2026: $20.7 million (2025: $6.5 million).

• Share capital raised: $21.5 million via placements, $5.5 million from option exercises.

Outlook and guidance

• Focus on progressing definitive feasibility studies and final investment decisions for Speewah Fluorite and Molyhil Tungsten projects.

• Continued exploration and resource definition at Sandover Fluorite and Timor-Leste projects.

• Ongoing capital management and pursuit of additional funding for project development.