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 and on the Company's website at 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/.
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
(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
-
-
Loss after income tax expense for the year attributable to the owners of Future Metals NL
10
(2,437,738)
(3,940,051)
Other comprehensive income for the year, net of tax
-
-
Total comprehensive loss for the year attributable to the owners of Future Metals NL
(2,437,738)
(3,940,051)
Cents
Cents
Basic earnings per share
15
(0.40)
(0.91)
Diluted earnings per share
15
(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
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
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
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
44,412,762
40,798,846
Reserves
9
2,611,877
2,451,123
Accumulated losses
10
(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
3,924,015
3,256,030
Options issued
39,923
-
Transaction costs on issue of shares
8
(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
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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