Prospect Resources (PSC) H1 2026 earnings summary

Executive summary

• Recorded a net loss after tax of $5.43 million for the half-year ended 31 December 2025, compared to $3.98 million in the prior corresponding period.

• Principal activity focused on exploration, evaluation, and development of mineral resources, with significant drilling and exploration at the Mumbezhi Copper Project in Zambia.

• Completed the sale of the Step Aside Lithium Project in Zimbabwe for up to US$2.2 million, with $1.0 million received and further milestone payments possible.

Financial highlights

• Revenue from interest income was $147,000, up from $85,000 year-over-year.

• Loss from continuing operations after tax was $3.55 million; loss from discontinued operations was $1.89 million.

• Total comprehensive loss for the period was $5.97 million, compared to $2.44 million in the prior period.

• Cash and cash equivalents at period end were $10.26 million, down from $21.06 million at 30 June 2025.

• Net assets stood at $41.19 million as of 31 December 2025.

Outlook and guidance

• Future strategy is to focus on electrification minerals exploration and development.

• Ongoing and planned exploration at Mumbezhi, including further drilling and geophysical surveys, with updated resource estimates expected in 2026.

• Capital raising of $45 million completed in February 2026 to fund ongoing exploration and development.