InvestSMART

Novo Resources Corp. (ASX:NVO)

ALERT: Price-sensitive ASX Announcement for NVO
Current share price for NVO : $0.062 -0.012 (-16.22%)+
Announcement
Release
14 May 2026 8:21AM
Price at Release
$0.074
Full Release
download
Summary
Novo Resources Corp. released its Q1 2026 interim financial statements, reporting a net loss before tax of $685,000, improved from a loss of $1,625,000 in the same period of 2025. The interim report reveals total assets of $64,980,000 and liabilities of $13,109,000 as of March 31, 2026. Shareholders' equity increased to $51,871,000, up from $46,205,000 at the end of 2025. The company experienced a notable foreign exchange translation gain, contributing to a comprehensive income of $262,000 for the quarter. Key financial activities included a private placement raising $5,917,000 and further repayments on the deferred consideration for the acquisition of Millennium Minerals Pty Ltd.
Key Points
  • Net loss before tax was $685,000 for Q1 2026.
  • Total assets as of March 31, 2026, were $64,980,000.
  • Total liabilities were $13,109,000 at the end of Q1 2026.
  • Shareholders' equity increased to $51,871,000.
  • Comprehensive income for Q1 2026 was $262,000.
  • Significant foreign exchange translation gain reported.
  • Raised $5,917,000 through a private placement.
  • Made repayments on deferred consideration for Millennium Minerals acquisition.
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.