Pulsar Helium (PLSR) Q3 2025 earnings summary

Executive summary

• Reported unaudited financial and operating results for the nine months ended June 30, 2025, highlighting significant operational progress and financing activities.

• Major operational milestones included a tripling of natural flow rates at Jetstream #1 and execution of a drilling contract for up to ten wells.

Financial highlights

• Net loss for the nine months ended June 30, 2025, was $8,515,252, compared to $21,444,007 for the same period in 2024.

• Cash position at June 30, 2025, was $617,626.

• Administration costs totaled $2,699,831, including $382,512 in non-cash share-based compensation and $40,016 in depreciation.

• Exploration and evaluation expenditures were $6,461,866, mainly for Jetstream #1 deepening and Jetstream #2 drilling.

• Recorded a non-cash gain on revaluation of warrant liability of $1,103,615, compared to a loss of $12,371,353 in 2024.

Outlook and guidance

• Pre-feasibility study underway at the Tunu helium-geothermal project, expected to inform future project decisions.

• Drilling of up to ten wells scheduled to commence in late September 2025.