Preliminary Final Report
RNS Number : 7146A PYX Resources Limited 14 March 2025 FORM: Preliminary final report Name of issuer
| PYX Resources Limited |
| ACN or ARBN | Half yearly (tick) | Preliminary final (tick) | Financial year ended ('Current period') | |||
| ABN 30 073 099 171 | ü | 31 December 2024 |
| $US,000 | |||||||||
| Revenue(item 1.1) | up/down | (51) | % | to | 11,042 | ||||
| Profit (loss) for the period(item 1.9) | up/down | 67 | % | to | (3,448) | ||||
| Profit (loss) for the period attributable to members of the parent(item 1.11) | up/down | 88 | % | to | (1,246) | ||||
| Dividends Franking rate applicable: | Current period | Previous corresponding period | |||||||
| Final dividend(preliminary final report only)(item 10.13-10.14) Amount per security Franked amount per security Interim dividend(Half yearly report only)(item 10.11 -10.12) Amount per security Franked amount per security | - | - | |||||||
| - | - | ||||||||
| Short details of any bonus or cash issue or other item(s) of importance not previously released to the market: | |||||||||
| Current period - $US'000 | Previous corresponding period - $US'000 | |||
| 1.1 | Revenues(item 7.1) | 11,042 | 22,672 | |
| 1.2 | Other income | - | 29 | |
| 1.3 | Expenses, excluding finance costs(item 7.3) | (15,123) | (33,157) | |
| 1.4 | Finance costs | - | - | |
| 1.5 | Share of net profits (losses) of associates and joint ventures(item 15.7) | - | - | |
| 1.6 | Profit (loss) before income tax | (4,081) | (10,456) | |
| 1.7 | Income tax expense(see note 4) | 633 | - | |
| 1.8 | Profit (loss) from continuing operations | - | - | |
| 1.9 | Profit (loss) from discontinued operations(item 13.3) | |||
| 1.10 | Profit (loss) for the period | (3,448) | (10,456) | |
| 1.11 | Profit (loss) attributable to minority interests | (2,202) | 132 | |
| Profit (loss) attributable to members of the parent | (1,246) | (10,588) | ||
| 1.12 | ||||
| 1.13 | Basic earnings per security (item 9.1) | (0.75) | (2.32) | |
| 1.14 | Diluted earnings per security(item 9.1) | (0.75) | (2.32) | |
| 1.15 | Dividends per security( item 9.1) | - | - |
| Current period - $US'000 | Previous corresponding period - $US'000 | ||
| 2.1 | Consolidated profit (loss) after tax attributable to members reported for the 1st half year (item 1.11in the half yearly statement) | (717) | (9,296) |
| 2.2 | Consolidated profit (loss) after tax attributable to members for the 2nd half year | (1,246) | (10,588) |
| Current assets | Current period -$US'000 | Previous corresponding period - $US'000 | |
| 3.1 | Cash and cash equivalents | 5,008 | 7,829 |
| 3.2 | Trade and other receivables | 2,099 | 1,558 |
| 3.3 | Inventories | 54 | 2,309 |
| 3.4 | Other current assets (provide details if material) | 1,035 | 1,338 |
| 3.5 | Total current assets | 8,196 | 13,034 |
| Non-current assets | |||
| 3.6 | Available for sale investments | - | - |
| 3.7 | Other financial assets | - | - |
| 3.8 | Investments in associates | - | - |
| 3.9 | Deferred tax assets | 1,127 | 527 |
| 3.10 | Exploration and evaluation expenditure capitalised(see para. 71 of AASB 1022 - new standard not yet finalised) | - | - |
| 3.11 | Development properties(mining entities) | - | - |
| 3.12 | Property, plant and equipment (net) | 6,939 | 6,042 |
| 3.13 | Investment properties | - | - |
| 3.14 | Goodwill | 8 | 8 |
| 3.15 | Other intangible assets | 73,648 | 73,488 |
| 3.16 | Other (provide details if material) | 9 | 2 |
| 3.17 | Total non-current assets | 81,731 | 80,067 |
| 3.18 | Total assets | 89,927 | 93,101 |
| Current liabilities | |||
| 3.19 | Trade and other payables | 1,205 | 1,370 |
| 3.20 | Short term borrowings | 19 | - |
| 3.21 | Current tax payable | - | - |
| 3.22 | Short term provisions | - | - |
| 3.23 | Current portion of long term borrowings | - | - |
| 3.24 | Other current liabilities (provide details if material) | 8,298 | 7,608 |
| 9,522 | 8,978 | ||
| 3.25 | Liabilities directly associated with non-current assets classified as held for sale(para 38 of AASB 5) | - | - |
| 3.26 | Total current liabilities | 9,522 | 8,978 |
| Non-current liabilities | 9,522 | 8,978 | |
| Current period - $US'000 | Previous corresponding period - $US'000 | ||
| 3.27 | Long-term borrowings | - | - |
| 3.28 | Deferred tax liabilities | - | - |
| 3.29 | Long term provisions | - | - |
| 3.30 | Other (provide details if material) | - | - |
| 3.31 | Total non-current liabilities | - | - |
| 3.32 | Total liabilities | 9,522 | 8,978 |
| 3.33 | Net assets | 80,405 | 84,123 |
| Equity | |||
| 3.34 | Share capital | 105,787 | 105,592 |
| 3.35 | Other reserves | 599 | 672 |
| 3.36 | Retained earnings | (22,004) | (20,758) |
| - | |||
| Amounts recognised directly in equity relating to non-current assets classified as held for sale | - | ||
| 3.37 | Parent interest | - | - |
| 3.38 | Minority interest | (3,977) | (1,383) |
| 3.39 | Total equity | 80,405 | 84,123 |
| Current period - US$'000 | Previous corresponding period - US$'000 | ||
| Revenues recognised directly in equity: | - | - | |
| Expenses recognised directly in equity: | - | - | |
| 4.1 | Net income recognised directly in equity | - | - |
| 4.2 | Profit for the period | (3,448) | (10,456) |
| 4.3 | Total recognised income and expense for the period | ||
| Attributable to: | |||
| 4.4 | Members of the parent | (1,246) | (10,588) |
| 4.5 | Minority interest | (2,202) | 132 |
| Effect of changes in accounting policy(as perAASB 108: Accounting Policies, Changes in Accounting Estimates and Errors): | |||
| 4.6 | Members of the parent entity | - | - |
| 4.7 | Minority interest | - | - |
| Current period -$US'000 | Previous corresponding period - $US'000 | ||
| Cash flows related to operating activities | |||
| 5.1 | Receipts from customers | 10,775 | 22,466 |
| 5.2 | Payments to suppliers and employees | (11,849) | (24,165) |
| 5.3 | Interest and other costs of finance paid | (8) | (56) |
| 5.4 | Income taxes paid | 18 | (195) |
| 5.5 | Other (provide details if material) | - | 29 |
| 5.6 | Net cash used in operating activities | (1,064) | (1,921) |
| Cash flows related to investing activities | |||
| 5.7 | Payments for purchases of property, plant and equipment | (1,395) | (2,524) |
| 5.8 | Proceeds from sale of property, plant and equipment | - | - |
| 5.9 | Payment for purchases of equity investments | - | - |
| 5.10 | Proceeds from sale of equity investments | - | - |
| 5.11 | Loans to other entities | - | - |
| 5.12 | Loans repaid by other entities | - | - |
| 5.13 | Interest and other items of similar nature received | - | - |
| 5.14 | Dividends received | - | - |
| 5.15 | Other (provide details if material) | - | - |
| 5.16 | Net cash used in investing activities | (1,395) | (2,524) |
| Cash flows related to financing activities | |||
| 5.17 | Proceeds from issues of securities (shares, options, etc.) | - | - |
| 5.18 | Proceeds from borrowings | - | - |
| 5.19 | Repayment of borrowings | - | - |
| 5.20 | Dividends paid | - | - |
| 5.21 | Other (provide details if material) | (113) | 5,099 |
| 5.22 | Net cash used in financing activities | (113) | 5,099 |
| Net increase (decrease) in cash and cash equivalents | (2,572) | 654 | |
| 5.23 | Cash at beginning of period (see Reconciliations of cash) | 7,829 | 7,221 |
| 5.24 | Exchange rate adjustments to item 5.23 | (249) | (47) |
| 5.25 | Cash at end of period (see Reconciliation of cash) | 5,008 | 7,828 |
| Current period $US'000 | Previous corresponding period $US'000 | ||
| 6.1 | Profit(item 1.9) | (3,448) | (10,456) |
| Adjustments for: | |||
| 6.2 | Depreciation | 346 | 361 |
| 6.3 | Share-based payment | 8 | 7,617 |
| 6.4 | Exchange differences | (129) | 90 |
| 6.5 | Fair value change of financial instrument | 878 | 1,685 |
| 6.6 | Increase/decrease in trade and other receivables | (542) | (161) |
| 6.7 | Increase/decrease in advances to suppliers | 402 | 187 |
| 6.8 | Increase/decrease in inventories | 2,254 | (1,603) |
| 6.9 | Increase/decrease in prepayments and deposits | (60) | 44 |
| 6.10 | Increase/decrease in deferred tax assets | (600) | (3) |
| Increase/decrease in trade and other payables | (134) | 505 | |
| 6.10 | Increase/decrease in current tax liabilities | (39) | (187) |
| 6.11 | Net cash from operating activities(item 5.6) | (1,064) | (1,921) |
| Current period - $US'000 | Previous corresponding period - $US'000 | ||
| 7.1 | Revenue Total Revenue | 11,042 11,042 | 22,672 22,672 |
| 7.2 | Other income | - | 29 |
| 7.3 | Expenses Cost of sales Selling and distribution expenses Corporate and administrative expenses Other operating expenses Total Expenses | (8,623) (1,495) (2,305) (2,700) (15,123) | (19,895) (1,223) (2,588) (9,451) (33,157) |
| Profit (loss) before tax | (4,081) | (10,456) |
| Ratios | Current period | Previous corresponding period | |
| Profit before tax / revenue | |||
| 8.1 | Consolidated profit (loss) before tax(item 1.5)as a percentage of revenue(item 1.1) | (37%) | (46%) |
| Profit after tax / equity interests | |||
| 8.2 | Consolidated profit (loss) after tax attributable to members(item 1.11)as a percentage of equity (similarly attributable) at the end of the period(item 3.37) | - | - |
| 9.1 | Provide details of basic and fully diluted EPS in accordance with paragraph 70 and Aus 70.1 of AASB 133: Earnings per Share below: |
| Basic profit per share =(US$3,448,323) / 460,497,688 Shares =(US$0.75) cents Diluted profit per share =(US$3,448,323) / 460,497,688 Shares =(US$0.75) cents |
| 10.1 | Date the dividend is payable | N/A | |
| 10.2 | Record date to determine entitlements to the dividend (i.e. on the basis of registrable transfers received up to 5.00 pm if paper based, or by 'End of Day' if a proper ASTC/CHESS transfer) | N/A | |
| 10.3 | If it is a final dividend, has it been declared? (Preliminary final report only) | ||
| Currently the Company has no plan for dividend. |
| The last date(s) for receipt of election notices to the dividend or distribution plans | N/A |
| N/A . |
| Current period - $US'000 | Previous corresponding period - $US'000 | Franking rate applicable | ||
| Dividends paid or provided for during the reporting period | ||||
| 10.6 10.7 | Current year interim Franked dividends | - - | - - | - - |
| 10.8 10.9 | Previous year final Franked dividends | - - | - - | - - |
| Dividends proposed and not recognised as a liability | ||||
| 10.10 | Franked dividends | - | - | - |
| Current year | Previous year | Franking rate applicable | ||
| Dividends paid or provided for during the reporting period | ||||
| 10.11 10.12 | Current year interim Franked dividends - cents per share | - - | - - | - - |
| 10.13 10.14 | Previous year final Franked dividends - cents per share | - - | - - | - - |
| Dividends proposed and not recognised as a liability | ||||
| 10.15 | Franked dividends - cents per share | - | - | - |
| Current period $US'000 | Previous corresponding period $US'000 | ||
| 11.1 | Opening balance | - | - |
| 11.2 | Expenditure incurred during current period | - | - |
| 11.3 | Expenditure written off during current period | - | - |
| 11.4 | Acquisitions, disposals, revaluation increments, etc. | - | - |
| 11.5 | Expenditure transferred to Development Properties | - | - |
| 11.6 | Closing balance as shown in the consolidated balance sheet(item 3.10) | - | - |
| Current period $US'000 | Previous corresponding period $US'000 | ||
| 12.1 | Opening balance | - | - |
| 12.2 | Expenditure incurred during current period | - | - |
| 12.3 | Expenditure transferred from exploration and evaluation | - | - |
| 12.4 | Expenditure written off during current period | - | - |
| 12.5 | Acquisitions, disposals, revaluation increments, etc. | - | - |
| 12.6 | Expenditure transferred to mine properties | - | - |
| 12.7 | Closing balance as shown in the consolidated balance sheet(item 3.11) | - | - |
| Current period - US$'000 | Previous corresponding period - US$'000 | ||
| 13.1 | Revenue | - | - |
| 13.2 | Expense | - | - |
| 13.3 | Profit (loss) from discontinued operations before income tax | - | - |
| 13.4 | Income tax expense(as per para 81 (h) of AASB 112) | - | - |
| 13.5 | Gain (loss) on sale/disposal of discontinued operations | - | - |
| 13.6 | Income tax expense(as per paragraph 81(h) of AASB 112) | - | - |
| Number issued | Number listed | Paid-up value (cents) | Current period - US$'000 | Previous corresponding period - US$'000 | ||
| 14.1 | Preference securities (description) | - | - | - | - | - |
| 14.2 | Balance at start of period | - | - | - | - | - |
| 14.3 | a) Increases through issues | - | - | - | - | - |
| 14.4 | a) Decreases through returns of capital, buybacks etc. | - | - | - | - | - |
| 14.5 | Balance at end of period | - | - | - | - | - |
| 14.6 | Ordinary securities (description) | |||||
| 14.7 | Balance at start of period | 458,817,161 | 458,817,161 | - | 105,592 | 102,227 |
| 14.8 | a) Increases through issues | 2,826,693 | 2,826,693 | - | 378 | 3,365 |
| 14.9 | b) Decreases through returns of capital, buybacks etc. | - | - | - | (183) | - |
| 14.10 | Balance at end of period | 461,643,854 | 461,643,854 | - | 105,787 | 105,592 |
| 14.11 | Convertible Debt Securities (description & conversion factor) | - | - | - | - | - |
| 14.12 | Balance at start of period | - | - | - | - | - |
| 14.13 | a) Increases through issues | - | - | - | - | - |
| 14.14 | b) Decreases through maturity, converted. | - | - | - | - | - |
| 14.15 | Balance at end of period | - | - | - | - | - |
| Number issued | Number listed | Paid-up value (cents) | Current period - US$'000 | Previous corresponding period - US$'000 | ||
| 14.16 | Options (description & conversion factor) | |||||
| 14.17 | Balance at start of period | 4,407,076 | - | - | 554 | 554 |
| 14.18 | Issued during period | - | - | - | - | - |
| 14.19 | Exercised during period | - | - | - | - | - |
| 14.20 | Expired during period | - | - | - | - | - |
| 14.21 | Balance at end of period | 4,407,076 | - | - | 554 | 554 |
| 14.22 | Debentures (description) | - | - | - | - | - |
| 14.23 | Balance at start of period | - | - | - | - | - |
| 14.24 | a) Increases through issues | - | - | - | - | - |
| 14.25 | b) Decreases through maturity, converted | - | - | - | - | - |
| 14.26 | Balance at end of period | - | - | - | - | - |
| 14.27 | Unsecured Notes (description) | - | - | - | - | - |
| 14.28 | Balance at start of period | - | - | - | - | - |
| 14.29 | a) Increases through issues | - | - | - | - | - |
| 14.30 | b) Decreases through maturity, converted | - | - | - | - | - |
| 14.31 | Balance at end of period | - | - | - | - | - |
| 14.32 | Total Securities | 466,050,930 | 461,643,854 | - | 106,341 | 106,341 |
| Current period - US$'000 | Previous corresponding period - US$'000 | ||
| Reserves | |||
| 14.33 | Balance at start of period | 672 | 8,905 |
| 14.34 | Transfers to/from reserves | - | - |
| 14.35 | Total for the period | (73) | (8,233) |
| 14.36 | Balance at end of period | 599 | 672 |
| 14.37 | Total reserves | 599 | 672 |
| Retained earnings | |||
| 14.38 | Balance at start of period | (20,758) | (26,027) |
| 14.39 | Changes in accounting policy | ||
| 14.40 | Share based payments cancelled | - | 15,857 |
| 14.41 | Profit for the balance | (1,246) | (10,588) |
| 14.42 | Total for the period | ||
| 14.43 | Dividends | ||
| 14.44 | Balance at end of period | (22,004) | (20,758) |
| Name of associate or joint venture entity | N/A |
| Reporting entities percentage holding | N/A |
| Current period - $US'000 | Previous corresponding period - $US'000 | ||
| 15.1 | Profit (loss) before income tax | - | - |
| 15.2 | Income tax | - | - |
| 15.3 | Profit (loss) after tax | - | - |
| 15.4 | Impairment losses | - | - |
| 15.5 | Reversals of impairment losses | - | - |
| 15.6 | Share of non-capital expenditure contracted for (excluding the supply of inventories) | - | - |
| 15.7 | Share of net profit (loss) of associates and joint venture entities | - | - |
| 16.1 | Name of issuer (or group) | N/A |
| $US'000 | ||
| 16.2 | Consolidated profit (loss) after tax of the issuer (or group) since the date in the current period on which control was acquired | N/A |
| 16.3 | Date from which profit (loss) initem 16.2has been calculated | N/A |
| 16.4 | Profit (loss) after tax of the issuer (or group) for the whole of the previous corresponding period | N/A |
| 17.1 | Name of issuer (or group) | N/A |
| $US'000 | ||
| 17.2 | Consolidated profit (loss) after tax of the entity (or group) for the current period to the date of loss of control | - |
| 17.3 | Date from which the profit (loss) initem 17.2has been calculated | - |
| 17.4 | Consolidated profit (loss) after tax of the entity (or group) while controlled during the whole of the previous corresponding period | - |
| 17.5 | Contribution to consolidated profit (loss) from sale of interest leading to loss of control | - |
| Percentage of ownership interest (ordinary securities, units etc) held at end of period or date of disposal | Contribution to profit (loss)(item 1.9) | ||||
| 18.1 | Equity accounted associated entities | Current period | Previous corresponding period | Current period $U'000 | Previous corresponding period $US'000 |
| - | - | - | Equity accounted | ||
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| 18.2 | Total | - | - | - | - |
| 18.3 | Other material interests | Non equity accounted(i.e. part of item 1.9) | |||
| - | - | - | - | - | |
| - | - | - | - | - | |
| 18.4 | Total | - | - | - | - |
| Current period - $US'000 | Previous corresponding period - $US'000 | ||
| Segments | |||
| Revenue: | |||
| 19.1 | External sales | 11,042 | 22,701 |
| 19.2 | Inter-segment sales | - | - |
| 19.3 | Total(consolidated total equal to item 1.1) | 11,042 | 22,701 |
| 19.4 | Segment result | ||
| 19.5 | Unallocated expenses | (15,123) | (33,157) |
| 19.6 | Operating profit(equal to item 1.5) | (4,081) | (10,456) |
| 19.7 | Interest expense | - | - |
| 19.8 | Interest income | - | - |
| 19.9 | Share of profits of associates | - | - |
| 19.10 | Income tax expense | 633 | - |
| 19.11 | Net profit(consolidated total equal to item 1.9) | (3,448) | (10,456) |
| Other information | - | - | |
| 19.12 | Segment assets | - | - |
| 19.13 | Investments in equity method associates | - | - |
| 19.14 | Unallocated assets | - | - |
| 19.15 | Total assets(equal to item 3.18) | 89,927 | 93,101 |
| 19.16 | Segment liabilities | - | - |
| 19.17 | Unallocated liabilities | - | - |
| 19.18 | Total liabilities(equal to item 3.32) | 9,522 | 8,978 |
| 19.19 | Capital expenditure | - | - |
| 19.20 | Depreciation | - | - |
| 19.21 | Other non-cash expenses | - | - |
| 20.1 | Current period | Previous corresponding period | |
| Net tangible asset backing per ordinary security | 6.38% | 10.06% | |
| 21.1 | N/A |
| 22.1 | N/A |
| 22.2 | N/A |
| N/A |
| N/A |
| N/A |
| N/A |
| An issuer shall explain how the transition from previous GAAP to Australian equivalents to IFRS' affected its reported financial position, financial performance and cash flows. (as per paragraph 38 of AASB 1: First-time Adoption of Australian Equivalents to International Financial Reporting Standards) |
| N/A |
| Revisions in estimates of amounts reported in previous periods. For half yearly reports the nature and amount of revisions in estimates of amounts reported in previous annual reports if those revisions have a material effect in this half year(as per paragraph 16(d) of AASB 134: Interim Financial Reporting) |
| N/A |
| Changes in contingent liabilities or assets. For half yearly reports, changes in contingent liabilities and contingent assts since the last annual report(as per paragraph 16(j) of AASB 134: Interim Financial Reporting) |
| N/A |
| N/A |
| N/A |
| Place | To be confirmed |
| Date | To be confirmed |
| Time | To be confirmed |
| Approximate date the annual report will be available | 31 March 2025 |
| Identify other standards used |
| | The financial statements have been audited. | | The financial statements have been subject to review by a registered auditor (or overseas equivalent). |
| ü | The financial statements are in the process of being audited or subject to review. | | The financial statements have not yet been audited or reviewed. |