Predictive Discovery (PDI) H2 2025 earnings summary

Executive summary

• Achieved major milestones at the Bankan Gold Project, including environmental approval and completion of the Definitive Feasibility Study (DFS), confirming a 12-year mine life and robust economics.

• Advanced permitting with a favorable recommendation for the Exploitation Permit post-year-end.

• Share price rose 120% during FY25, with market capitalization reaching ~A$1.2 billion.

Financial highlights

• Net loss after tax for FY25 was $13.0 million, up from $8.7 million in FY24, mainly due to exploration and administrative costs.

• Net assets increased by $58.7 million to $228.6 million, driven by a $69.2 million capital raise and ongoing exploration investment.

• Cash and term deposits at year-end totaled $69.2 million.

• No dividends declared or paid.

Outlook and guidance

• Construction of Bankan is scheduled to begin in Q2 2026, targeting commercial production in Q2 2028.

• Final investment decision for Bankan expected in FY26.