AusQuest (AQD) H1 2026 earnings summary

Executive summary

• Loss after income tax for the half-year ended 31 December 2025 was $1,394,650, compared to $454,129 for the same period in 2024.

• No dividends were paid, recommended, or declared during the period.

• Principal activities focused on mineral exploration in Australia and Peru, with significant drilling progress at the Cangallo Copper-Gold Project in Peru.

• Successful placement raised $10 million (before costs) to fund expanded drilling, with $1.08 million completed post-period.

Financial highlights

• Revenue for the half-year was $199,155, up from $145,334 in the prior year.

• Total expenses increased to $1,593,805 from $599,463 year-over-year.

• Net loss widened to $1,394,650 from $454,129 year-over-year.

• Cash and cash equivalents at 31 December 2025 were $9,893,615, up from $7,203,852 at 30 June 2025.

• Net assets increased to $23,666,505 from $16,557,638 at 30 June 2025.

Outlook and guidance

• Stage 4 RC drilling permitting at Cangallo initiated, with approvals expected mid-2026.

• Drilling at Balladonia and Coober Pedy projects in Australia planned for mid-2026 and Q2 CY2026, respectively.

• Strategic Alliance Agreement with South32 extended to December 2027.