Berkeley Energia (BKY) H2 2025 earnings summary

Executive summary

• Focused on advancing the Salamanca Uranium Project in Spain, aiming to supply over 4 million pounds of uranium annually, equivalent to 10% of European consumption.

• Ongoing international arbitration against Spain, seeking $1 billion in compensation for alleged Energy Charter Treaty violations.

• Strong cash position of $73.6 million and no debt as of 30 June 2025.

• Continued exploration for critical minerals, including lithium and rubidium, at the Conchas Project.

Financial highlights

• Net loss after tax for FY25 was $5.43 million, compared to $3.26 million in FY24.

• Interest income decreased to $3.02 million from $3.55 million year-over-year due to lower interest rates.

• Exploration and evaluation expenses rose to $4.15 million from $3.83 million year-over-year.

• Arbitration expenses increased to $2.16 million from $0.93 million year-over-year.

• Foreign exchange gain of $0.89 million, reversing a prior year loss.

Outlook and guidance

• Strategic focus remains on resolving permitting for Salamanca and progressing to production.

• Statement of Claim in arbitration due early 2026; company remains open to dialogue with Spanish authorities.

• Ongoing diversification into battery and critical metals exploration in Spain.