Indiana Resources (IDA) H2 2025 earnings summary

Executive summary

• Achieved a transformational year with the receipt of US$90 million settlement from Tanzania after a seven-year arbitration over the expropriation of the Ntaka Hill Nickel Project, resulting in a record profit and significant cash return to shareholders.

• Returned over AU$64 million to shareholders via a $0.05 per share dividend in December 2024 and a further $0.05 per share capital return in August 2025, while retaining funds for ongoing exploration in South Australia.

• Refocused on exploration at the 100%-owned Central Gawler Craton Project, advancing gold, base metals, and rare earths prospects.

Financial highlights

• Net profit after tax for FY2025 was $100.4 million, compared to a loss of $4.1 million in FY2024, driven by the Tanzania settlement.

• Total income for FY2025 was $140.6 million, up from $229,000 in FY2024.

• Cash and cash equivalents at 30 June 2025 were $44.0 million, with an additional $25.4 million in term deposits.

• Paid a special unfranked dividend of $32.1 million in December 2024 and a $31.2 million capital return in August 2025.

• Basic earnings per share for FY2025 were 15.70 cents, compared to a loss of 0.71 cents per share in FY2024.

Outlook and guidance

• Focused on expanding exploration activities in South Australia, particularly at the Minos Gold Prospect and broader Central Gawler Craton Project.

• Retains a strong cash position to fund ongoing and future exploration programs.