ActivEX (AIV) H1 2026 earnings summary

Executive summary

• Operating loss for the half year ended 31 December 2025 was $3,028,453, up significantly from $352,589 in the prior year, mainly due to a $2,569,405 impairment of exploration and evaluation assets.

• Cash balance at period end was $98,031, with access to an undrawn $2.85 million loan facility under a $5 million agreement.

• Two share placements raised $900,000, used for loan repayment and working capital.

• Disposed of 49% interest in Pentland Gold Project for $49,000.

Financial highlights

• Revenue for the period was $1,088, with no material operating income.

• Administrative, employee, and corporate service expenses totaled $394,421.

• Basic and diluted EPS were both (1.278) cents, compared to (0.164) cents in the prior year.

• Net assets declined to $60,631 from $2,189,084 at 30 June 2025.

• Capitalised exploration expenditure during the period was $19,058, down from $102,512 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 2026 include drilling and sampling at Aramac and Westgrove REE projects.