Gold Hydrogen (GHY) H1 2025 earnings summary

Executive summary

• Focused on exploration and development of natural hydrogen and helium in South Australia, with over 75,000km² under tenure or application.

• Loss after tax for the half-year was $1,314,236, compared to $1,284,135 for the same period last year.

• Major operational activities included extended well testing at Ramsay 1 and 2 and a 575km 2D seismic survey.

• Detected high-purity hydrogen (up to 95.8%) and helium (up to 36.9%) in Ramsay wells.

• Helium-3 isotope confirmed, with significant strategic and commercial value.

Financial highlights

• Revenue from interest: $119,411 (down from $171,469 year-over-year).

• Total expenses: $1,433,647 (slightly down from $1,455,604 year-over-year).

• Net loss: $1,314,236 (vs. $1,284,135 prior year).

• Cash and cash equivalents at period end: $2,762,369 (down from $4,724,629 at June 2024).

• Net assets: $34,270,741 (down from $35,486,114 at June 2024).

Outlook and guidance

• Ongoing analysis of seismic and well data to inform future drilling and resource delineation.

• Received $6.47 million R&D tax incentive refund post-period, strengthening liquidity.

• Directors believe the group can meet liabilities for at least 12 months, but note material uncertainty regarding going concern due to future funding needs.