REG - Future Metals NL - Final Results for the Year Ended 30 June 2025
26/09/2025 09:15
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RNS Number : 9999A Future Metals NL 26 September 2025
26 September 2025
Future Metals NL
Final Results for the Year Ended 30 June 2025 and
Corporate Governance Statement
Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) is pleased
to announce the Company's final consolidated audited results for the year
ended 30 June 2025.
Please see below key extracts from the Company's Annual Report and Accounts
for the year ended 30 June 2025, as follows:
· Consolidated Statement of Profit or Loss and Other Comprehensive
Income
· Consolidated Statement of Financial Position
· Consolidated Statement of Changes in Equity
· Consolidated Statement of Cash Flows
Further details on the Company's activities during the year are set out in the
Directors' Report, which can be found in the full Report and Accounts
available at the following link:
http://www.rns-pdf.londonstockexchange.com/rns/9999A_1-2025-9-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9999A_1-2025-9-26.pdf) and on
the Company's website at
https://future-metals.com.au/investor-centre/reports/annual-reports/
(https://future-metals.com.au/investor-centre/reports/annual-reports/) .
The Company has also released its Appendix 4G: Key to Disclosures - Corporate
Governance Council Principles and Recommendations and its Corporate Governance
Statement to the Australian Securities Exchange ("ASX"). Copies of these
documents are also available on the Company's website
at https://future-metals.com.au/ (https://future-metals.com.au/) .
This announcement has been approved for release by the Board of Future Metals
NL.
For further information, please contact:
Future Metals NL Strand Hanson Limited (Nominated Adviser and UK Broker)
Patrick Walta James Bellman / Rob Patrick / Edward Foulkes
+61 8 9480 0414 +44 (0) 20 7409 3494
info@future-metals.com.au
Consolidated Statement of Profit or Loss and Other Comprehensive Income
for the year ended 30 June 2025
Note 30 June 2025 30 June 2024
$ $
Other income
Interest received 12,161 28,720
Other income 219,622 49,673
Expenses
Employee and director benefits expense (333,295) (801,495)
Professional and consultants (142,940) (195,552)
ASX and AIM share registry fees (325,624) (319,012)
Share-based payments expense 16 (#_ObpNote_TOC) (120,831) (600,625)
Travel expenditure (89,161) (46,488)
Exploration expenditure (1,319,158) (1,458,646)
Other expense (303,156) (574,344)
Depreciation and amortisation (17,145) (9,687)
Unrealised foreign exchange gain / (loss) (18,211) (12,595)
Loss before income tax expense (2,437,738) (3,940,051)
Income tax expense 2 (#_AitNote_TOC) - -
Loss after income tax expense for the year attributable to the owners of 10 (#_EqeNote_TOC) (2,437,738) (3,940,051)
Future Metals NL
Other comprehensive income for the year, net of tax - -
Total comprehensive loss for the year attributable to the owners of Future (2,437,738) (3,940,051)
Metals NL
Cents Cents
Basic earnings per share 15 (#_OepNote_TOC) (0.40) (0.91)
Diluted earnings per share 15 (#_OepNote_TOC) (0.40) (0.91)
The above Consolidated Statement of Profit or Loss and Other Comprehensive
Income should be read in conjunction with the accompanying notes in the full
Report and Accounts.
Consolidated Statement of Financial Position
as at 30 June 2025
Note 30 June 2025 30 June 2024
$ $
Assets
Current assets
Cash and cash equivalents 3 (#_CacNote_TOC) 3,925,340 2,291,466
Other receivables 8,853 7,615
Total current assets 3,934,193 2,299,081
Non-current assets
Property, plant and equipment 33,930 51,075
Deferred exploration and evaluation expenditure 4 (#_NaxNote_TOC) 17,857,710 17,857,710
Total non-current assets 17,891,640 17,908,785
Total assets 21,825,833 20,207,866
Liabilities
Current liabilities
Trade and other payables 7 (#_ClpNote_TOC) 635,093 344,223
Provisions 27,742 37,577
Total current liabilities 662,835 381,800
Total liabilities 662,835 381,800
Net assets 21,162,998 19,826,066
Equity
Issued capital 8 (#_EqcNote_TOC) 44,412,762 40,798,846
Reserves 9 (#_EqrNote_TOC) 2,611,877 2,451,123
Accumulated losses 10 (#_EqeNote_TOC) (25,861,641) (23,423,903)
Total equity 21,162,998 19,826,066
The above Consolidated Statement of Financial Position should be read in
conjunction with the accompanying notes in the full Report and Accounts.
Consolidated Statement of Changes in Equity
for the year ended 30 June 2025
Total equity
Issued capital Share-based payments reserves Accumulated losses
Consolidated $ $ $ $
Balance at 1 July 2023 36,524,091 3,628,232 (21,261,586) 18,890,737
Loss after income tax expense for the year - - (3,940,051) (3,940,051)
Other comprehensive income for the year, net of tax - - - -
Total comprehensive loss for the year - - (3,940,051) (3,940,051)
Transactions with owners in their capacity as owners:
Share-based payments (note 16) - 600,625 - 600,625
Shares issued during the year, net of transaction costs (note 8) 4,274,755 - - 4,274,755
Exercise of performance rights - (1,777,734) 1,777,734 -
Balance at 30 June 2024 40,798,846 2,451,123 (23,423,903) 19,826,066
Total equity
Issued capital Share-based payments reserves Accumulated losses
Consolidated $ $ $ $
Balance at 1 July 2024 40,798,846 2,451,123 (23,423,903) 19,826,066
Loss after income tax expense for the year - - (2,437,738) (2,437,738)
Other comprehensive income for the year, net of tax - - - -
Total comprehensive loss for the year - - (2,437,738) (2,437,738)
Transactions with owners in their capacity as owners:
Share-based payments (note 16) - 120,831 - 120,831
Shares issued during the year, net of transaction costs (note 8) 3,613,916 - - 3,613,916
Options issued - 39,923 - 39,923
Balance at 30 June 2025 44,412,762 2,611,877 (25,861,641) 21,162,998
The above Consolidated Statement of Changes in Equity should be read in
conjunction with the accompanying notes in the full Report and Accounts.
Consolidated Statement of Cash Flow
for the year ended 30 June 2025
Note 30 June 2025 30 June 2024
$ $
Cash flows from operating activities
Payments to suppliers and employees (926,407) (1,920,089)
Payment for exploration and evaluation (1,319,158) (1,550,074)
Interest received 12,161 28,720
Other receipts 219,622 49,673
Net cash used in operating activities 6 (2,013,782) (3,391,770)
Cash flows from investing activities
Payments for property, plant and equipment - -
Net cash used in investing activities - -
Cash flows from financing activities
Proceeds from issue of shares 8 (#_EqcNote_TOC) 3,924,015 3,256,030
Options issued 39,923 -
Transaction costs on issue of shares 8 (#_EqcNote_TOC) (310,098) (266,569)
Net cash from financing activities 3,653,840 2,989,461
Net increase/(decrease) in cash and cash equivalents 1,640,058 (402,309)
Cash and cash equivalents at the beginning of the financial year 2,291,466 2,705,754
Effects of exchange rate changes on cash and cash equivalents (6,184) (11,979)
Cash and cash equivalents at the end of the financial year 3 (#_CacNote_TOC) 3,925,340 2,291,466
The above Consolidated Statement of Cash Flow should be read in conjunction
with the accompanying notes in the full Report and Accounts.
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