Hot Chili (HCH) H2 2025 earnings summary

Executive summary

• Delivered pre-feasibility studies (PFS) for both Costa Fuego copper-gold project and Huasco Water project, confirming robust economics and significant resource base.

• Achieved a maiden ore reserve at Costa Fuego and advanced permitting, positioning for a final investment decision.

• Raised A$14.1 million to fund strategic partnering and further drilling at La Verde, a new copper-gold discovery.

• Strengthened leadership with new board and executive appointments, adding extensive mine development experience.

Financial highlights

• Net loss after tax for FY2025 was $11.14 million, compared to $7.57 million in FY2024.

• Cash and cash equivalents at year-end were $5.19 million, down from $33.74 million in the prior year.

• Total assets stood at $244.8 million, with exploration and evaluation expenditure capitalized at $235.8 million.

• No dividends declared or paid.

Outlook and guidance

• Focus on advancing feasibility studies and environmental permitting for Costa Fuego and Huasco Water.

• Ongoing strategic partnering process to secure funding and operational support for project development.

• Continued exploration at La Verde and regional targets, with plans for expanded drilling.