Alligator Energy (AGE) Q1 2026 TU earnings summary

Executive summary

• Final approval received and construction commenced for the Samphire Field Recovery Trial, marking a pivotal transition from explorer to developer status.

• Strengthened executive team with new CEO, CFO, GM Operations, and GM Approvals & Sustainability to support the next growth phase.

• Construction and drilling at Samphire are ahead of schedule, with 75% of planned wells completed by early October.

• Strong momentum across the project portfolio, with significant exploration progress at Big Lake and ongoing activities at ARUP and EnviroCopper.

Financial highlights

• Cash balance at 30 September 2025 was $25.3 million, down from $30.1 million at the start of the quarter.

• Net cash used in operating activities was $262,000 for the quarter.

• Net cash used in investing activities totaled $4.47 million, primarily for FRT construction and exploration.

• Payments to related parties (directors and CEO) totaled $138,000 for the quarter.

Outlook and guidance

• Construction of the Samphire Field Recovery Trial is expected to complete by end of 2025, with commissioning in early 2026.

• Initial recovery data from the FRT anticipated between February and April 2026, informing the Definitive Feasibility Study and mining lease application.

• Revised air core drilling at Big Lake planned for the financial year, following weather delays.