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Bannerman Energy Ltd (ASX:BMN)

ALERT: Price-sensitive ASX Announcement for BMN
Current share price for BMN : $3.500 -0.47 (-11.84%)+
Announcement
Release
16 Oct 2025 9:08AM
Price at Release
$3.970
Full Release
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Summary
Bannerman Energy Ltd released its quarterly cash flow report for the quarter ending 30 September 2025. The report details the company's financial activities, including operating, investing, and financing cash flows. Notably, the company reported a net cash outflow from operating activities of $1,890,000 primarily due to administration costs and staff expenses. Investing activities saw significant cash outflows amounting to $13,307,000, largely due to payments for property, plant, and equipment, as well as exploration activities. On the financing front, Bannerman successfully raised $85 million through equity issues, resulting in a net cash inflow of $80,720,000 after related transaction costs. The company ended the quarter with cash and cash equivalents of $111,760,000. Bannerman estimates having 13.5 quarters of funding available at the current rate of cash outflow.
Key Points
  • Net cash outflow from operating activities was $1,890,000 due to administration and staff costs.
  • Investing activities resulted in a cash outflow of $13,307,000, mainly from property, plant, equipment, and exploration.
  • Financing activities resulted in a net cash inflow of $80,720,000 after raising $85 million through equity issues.
  • Cash and cash equivalents at the end of the quarter were $111,760,000.
  • The company has an estimated 13.5 quarters of funding available at the current cash outflow rate.
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.