InvestSMART

Austral Resources Australia Ltd (ASX:AR1)

ALERT: Price-sensitive ASX Announcement for AR1
Current share price for AR1 : $0.061 -0.03 (-32.97%)+
Announcement
Release
27 Feb 2026 7:57PM
Price at Release
$0.091
Full Release
download
Summary
Austral Resources Australia Ltd's Preliminary Financial Report for the year ended 31 December 2025, reveals a turnaround from a loss in the previous year to a comprehensive profit of $11,874,000. Key developments include the acquisition of the Rocklands Copper Mine, leading to a significant increase in issued capital and a re-categorization of the Anthill Project as a discontinued operation. Despite these changes, the company faced net operating cash outflows and continued to hold substantial liabilities, although both assets and liabilities decreased overall. Furthermore, no dividends were declared for the year, and the financial statements are currently undergoing audit without expected modifications.
Key Points
  • Austral Resources Australia Ltd reported a comprehensive profit of $11,874,000 for the year ended 31 December 2025, compared to a loss of $22,620,000 in the previous year.
  • Revenue from continuing operations was reported at $3,529,000 for 2025, with management fees as a significant contributor.
  • Austral acquired Copper Resources Australia Pty Ltd, gaining full ownership of the Rocklands Copper Mine and processing facility, which has been consolidated into the Group's financial results.
  • The company reported net operating cash outflows of $17,882,000 for the year.
  • Total assets decreased from $148,635,000 in 2024 to $115,000,000 in 2025, while total liabilities decreased from $179,853,000 to $78,689,000.
  • Issued capital increased from $71,546,000 in 2024 to $128,200,000 in 2025.
  • No dividends were paid, recommended, or declared during the year.
  • The Anthill Project was classified as a discontinued operation, contributing a profit of $18,014,000 after the income tax expense.
  • The company's financial statements are in the process of being audited, and the independent audit report is not expected to contain a modified opinion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.