AusQuest (AQD) H2 2025 earnings summary

Executive summary

• Achieved a transformative year with the maiden Cangallo porphyry copper discovery in Peru, expanding the project through multiple drilling phases and raising $7.5 million to accelerate exploration.

• Advanced other Peruvian projects (Lantana, Playa Kali) toward drill readiness and continued active exploration in Australia under the South32 Strategic Alliance Agreement.

• Completed significant drilling at Balladonia and Morrisey, confirming premium iron product potential and identifying new targets.

Financial highlights

• Reported a net loss after tax of $1,610,656 for FY2025, compared to a profit of $256,727 in FY2024.

• Revenue and other income totaled $494,591, up from $224,547 year-over-year.

• Cash and cash equivalents increased to $7.2 million at year-end, up from $1.07 million.

• Share-based payments expense was $362,611, up from $297,560 in the prior year.

• Impairment of exploration and evaluation expenditure was $777,127, up from $473,660.

Outlook and guidance

• Ongoing drilling at Cangallo and planned deeper diamond drilling in H1 FY2026 to further expand the resource.

• Drill permits for Lantana and Playa Kali expected in Q1 FY2026, with additional exploration across Australian projects.

• The company remains well-funded to pursue aggressive exploration, with further capital raising possible if required.