Many Peaks Minerals (MPK) H2 2025 earnings summary

Executive summary

• Achieved rapid progress in gold exploration at Ferké, Odienné, Baga, and Oumé projects in Côte d'Ivoire, with over 80 diamond holes drilled at Ferké since January 2025 and a maiden mineral resource estimate targeted for 2026.

• Raised over $20 million in equity during FY2025 through placements, reflecting strong shareholder support.

• Appointed Matt Scully as COO and Executive Director, bringing significant mine-building experience.

• Divested non-core Queensland projects and maintained focus on West African gold assets.

Financial highlights

• Net loss after tax for FY2025 was $1,498,477, a significant improvement from $4,109,846 in FY2024.

• Revenue increased to $348,008 (FY2024: $233,471), mainly from interest and other income.

• Cash and cash equivalents at year-end were $8,468,540, up from $5,629,900 in FY2024.

• Exploration and evaluation expenditure capitalized rose to $9,168,643 (FY2024: $1,810,581).

• Share-based payments expense increased to $786,578 (FY2024: $507,037).

Outlook and guidance

• Inaugural mineral resource estimate for Ferké expected in 2026.

• Ongoing scale-up in personnel and drilling meterage planned for 2026.

• Continued focus on expanding gold exploration footprint in Côte d'Ivoire and evaluating new opportunities.