ActivEX (AIV) H1 2025 earnings summary

Executive summary

• Operating loss for the half year was $352,589, an improvement from $427,279 in the prior year period.

• Cash balance at 31 December 2024 was $209,133, with access to an undrawn $2.84 million loan facility.

• Major restructuring included the completion of a joint venture on the Gilberton Gold Project, reducing ActivEX's interest to 24.5%.

• Exploration focus remains on gold, copper, and rare earth projects across Queensland.

Financial highlights

• Revenue for the half year was $5,233, down from $14,273 in the prior year.

• Net loss after tax was $352,589, compared to $427,279 loss in the same period last year.

• Basic and diluted EPS were both (0.164) cents, improved from (0.198) cents year-over-year.

• Net assets at 31 December 2024 were $2,873,560, down from $3,226,149 at 30 June 2024.

• Capitalised exploration and evaluation expenditure was $102,512, down from $241,052 year-over-year.

Outlook and guidance

• Directors remain confident in adequate funding for future operations, supported by the loan facility and ability to raise further funds.

• Exploration plans for 2025/2026 include geophysical surveys, mapping, and drilling across multiple projects.

• HQ core drilling at Mt Hogan is set to commence in 2025 to provide metallurgical and structural data.