WIA Gold (WIA) H1 2026 earnings summary

Executive summary

• Focused on gold exploration and evaluation in Namibia and Côte d'Ivoire, with Kokoseb Gold Project as the flagship asset.

• Kokoseb Scoping Study completed, confirming robust project economics and long mine life.

• Divested non-core Côte d'Ivoire assets to Santa Fe Minerals, retaining upside via equity and performance rights.

• Raised A$30 million to accelerate exploration and advance the Definitive Feasibility Study (DFS) at Kokoseb.

Financial highlights

• Operating loss after tax for the half-year ended 31 December 2025 was $10.6 million, up from $1.5 million in the prior year.

• Basic loss per share was 0.76 cents (2024: 0.13 cents).

• Cash and cash equivalents increased to $45.8 million (30 June 2025: $29.0 million).

• Net assets rose to $91.4 million (30 June 2025: $71.1 million).

• Non-cash impairment of $8.7 million recognized on Côte d'Ivoire exploration assets due to divestment.

Outlook and guidance

• Kokoseb DFS on track for completion in the second half of 2026.

• Ongoing exploration aims to expand resources and define underground potential at Kokoseb.

• Permitting for Kokoseb well advanced, with mining license and environmental approvals in progress.