Galantas Gold (GAL) Q4 2025 earnings summary

Executive summary

• Reported a net loss of $8.5 million for the year ended December 31, 2025, significantly higher than the $1.5 million loss in 2024.

• No recognized revenue for 2025 as concentrate sales are offset against development assets until commercial production is reached.

• Maintained a zero lost time incident rate since the start of underground operations, with high regulatory compliance in environmental monitoring.

Financial highlights

• Net loss increased to $8,493,279 in 2025 from $1,488,684 in 2024.

• Cash balance rose to $13,315,844 at year-end 2025 from $525,643 at year-end 2024.

• Working capital shifted to a surplus of $8,072,100 at December 31, 2025, from a deficit of $16,218,988 a year earlier.

• Cash outflow from operating activities before changes in non-cash working capital was $563,042 in 2025, down from $1,098,038 in 2024.

• Concentrate sales provisional revenues totaled US$566,000 in 2025, down from US$853,591 in 2024.

Outlook and guidance

• Forward-looking statements highlight risks related to gold price volatility, operational risks, regulatory restrictions, and funding requirements.