FY2021
Funding and portfolio disposal
Two raisings provided A$3.052m gross. The Slate Dam/Trojan and Clinker Hills disposal generated A$0.500m cash consideration, distinct from an accounting gain.
ASX: AAJ · Five-year financial review
(ASX: AAJ) Aruma Resources Financial Review - FY2021~25
Aruma’s cash and equity record shows an exploration company funding work and portfolio changes rather than generating mine sales. The latest year brought new copper and uranium exposure, further equity funding and continued cash consumption.
Reading the figures: Units are stated by table or metric. Brackets denote negative amounts. Supported nil is zero; unlike reporting bases remain separately labelled.
FY2025 cash
A$0.861m
Before any later funding.
FY2025 net loss
A$2.103m
Statutory, excluding other comprehensive expense.
FY2025 operating outflow
A$2.095m
Includes exploration cash expenditure.
FY2025 equity
A$1.961m
Consolidated accounting equity.
Five years in context
The early portfolio emphasised Western Australian gold and lithium exploration. The NHM transaction subsequently added copper and uranium tenements in Queensland and South Australia. A portfolio transaction is not a commercial mine start-up.
Equity funding replenished cash in FY2022, followed by three lower year-end cash balances. This is an exploration funding cycle, not a mine-sales growth series. Exploration expense and exploration cash payments measure different things.
Events behind the numbers
FY2022
Placements funded exploration
Two placements raised A$4.660m before issue costs; the company also received a A$0.459m R&D tax incentive. These funded exploration and working capital rather than mine production.
FY2023
Exploration spending absorbs funds
FY2024 comparative statements record A$2.512m exploration expense and A$3.522m operating cash outflow for FY2023; neither is a capitalised resource valuation.
FY2024
New portfolio proposed
The copper and uranium transaction was announced in May 2024. Shareholder approval on 1 August falls in FY2025, rather than proving completion before June.
FY2025
Acquisition and funding
The NHM acquisition used settlement shares and milestone options. A separate A$0.900m placement funded the company; Piper maiden drilling began after year end.
FINANCIAL REVIEW / 01
Five years of cash and equity
Cash and equity rose in the placement-funded FY2022 year, then declined through FY2025 as exploration and overheads continued. Accounting equity is not a mineral resource valuation.
Cash at 30 June
A$ million
Cash and cash equivalents
AI-generated presentation · values from Cash and equity over five balance dates; no missing values plotted as zero.
Consolidated equity
A$ million
Consolidated total equity
AI-generated presentation · values from Cash and equity over five balance dates; no missing values plotted as zero.
Cash and equity over five balance dates
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 2.692 | 4.701 | 3.155 | 2.144 | 0.861 |
| Consolidated total equity | 2.706 | 4.259 | 3.286 | 2.250 | 1.961 |
FY2022 is established from the opening FY2023 cash/equity values in the FY2024 report: 1 July 2022 balances correspond to the preceding 30 June. FY2023 uses the same company’s FY2024 comparatives, not the foreign-company FY2023 slice.
A bounded check of Aruma’s own FY2022 parsed financial statements also corroborates cash A$4,701,408 and equity A$4,259,327. Foreign-company tables linked to that document were not used.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Exploration expense is central to the loss
The accounting policy expenses ongoing exploration but capitalises licence acquisition costs. The new exploration asset balance and current-year exploration expense therefore measure different activities. The latest loss cannot be described as simply cash used or investment capitalised.
Statutory net loss
A$ million
Statutory net loss
AI-generated presentation · values from Exploration expenses and statutory loss; no missing values plotted as zero.
Exploration charged to earnings
A$ million
Exploration expense
AI-generated presentation · values from Exploration expenses and statutory loss; no missing values plotted as zero.
Exploration expenses and statutory loss
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Other income | 0.238 | 0.459 | 0.837 | 1.146 | 0.425 |
| Exploration expense | (0.887) | (1.887) | (2.512) | (0.941) | (1.184) |
| Statutory net loss | (1.596) | (3.242) | (3.045) | (1.126) | (2.103) |
FY2025 statutory income lines use correction decisions already saved on 24 September 2026. Loss excludes other comprehensive expense; the two are not interchangeable.
FY2021 lease-disposal proceeds/gain are not recurring mineral sales, and are not merged into an operating-revenue growth chart. The extraction contains conflicting disposal-gain presentations, so no synthetic revenue trend is constructed.
FY2022 was recovered from Aruma’s existing parsed consolidated statements. Exploration expense A$1,886,652 is not the A$1,557,768 exploration cash payment. Net loss is distinct from total comprehensive loss.
Source: Annual extractions plus the bounded Aruma FY2022 parsed-statement recovery; editions listed once below.
FINANCIAL REVIEW / 03
Capital receipts did not cover the latest operating outflow
Equity cash receipts and the R&D tax incentive provided funding, but exploration and supplier payments continued. Cash-flow issue costs exclude non-cash option transfers inside equity. The directors and auditor identified a material going-concern uncertainty dependent on further capital.
Operating cash versus net financing
A$ million
Operating cash flowNet financing cash flow
AI-generated presentation · values from Cash movement: supported annual observations; no missing values plotted as zero.
Selected FY2025 cash sources and uses
A$ million
R&D tax incentive receiptsExploration cash expenditureSupplier and employee paymentsGross equity cash receipts
AI-generated presentation · values from FY2025 operating and funding components; no missing values plotted as zero.
Cash movement: supported annual observations
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | (1.793) | (2.309) | (3.522) | (0.984) | (2.095) |
| Net financing cash flow | 2.850 | 4.338 | 2.075 | (0.019) | 0.814 |
FY2022 uses the consolidated cash-flow statement: operating outflow A$2,309,149 and financing inflow A$4,338,216. The operating reconciliation differs by A$1 (A$2,309,148); the statement is retained. FY2024 similarly retains the statement A$983,657 rather than the reconciliation A$983,654.
FY2025 cash decreased despite A$0.900m gross equity receipts; net financing was lower after cash issue costs and lease repayments.
Source: Annual extractions plus the bounded Aruma FY2022 parsed-statement recovery; editions listed once below.
FY2025 operating and funding components
A$ million
| Metric | FY2025 |
|---|---|
| R&D tax incentive receipts | 0.415 |
| Exploration cash expenditure | (1.179) |
| Supplier and employee payments | (1.385) |
| Gross equity cash receipts | 0.900 |
| Cash issue costs | (0.080) |
| Lease repayments | (0.006) |
Selected components, not a full cash reconciliation. Lead-manager option accounting is non-cash: total share-capital transaction costs should not replace the cash-flow statement’s A$80,261 cash issue costs.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 04
Scrip consideration is not cash raised
NHM consideration included settlement shares valued at A$477,000 and milestone options valued at A$510,300. These non-cash amounts should not be counted as placement cash. The reported A$50,000 initial deposit is separately described, not silently added to the latest cash-flow categories.
FY2025 current liabilities were modest relative to current assets, but that does not eliminate the need to finance future exploration. An end-date liquidity comparison is not a forecast of funding sufficiency.
FY2025 liquidity and asset composition
A$ million
| Metric | FY2025 |
|---|---|
| Cash and equivalents | 0.861 |
| Term-deposit investments | 0.071 |
| Current assets | 1.015 |
| Current liabilities | 0.128 |
| Capitalised exploration assets | 1.037 |
| Total assets | 2.089 |
| Total liabilities | 0.128 |
The term deposit is a separate reported asset; unrestricted availability is not assumed. Acquisition costs can be capitalised while ongoing exploration is expensed. The deposit, cash and asset subtotals are not additive categories.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- The FY2022 DB table linkage contains Australasian Metals content, not Aruma. All five previously unresolved flow cells were recovered from the correctly identified Aruma parsed original. This report correction does not repair the upstream DB linkage.
- FY2023 group values are taken from Aruma FY2024 comparatives, not the Atlantic Lithium-labelled extraction. Historical source files remain unchanged.
- FY2025 income uses correction decisions saved on 24 September 2026. On 28 September, only the residual FY2022 issues were checked against DB tables and existing parsed text; no PDF retrieval, reparsing or financial web research was undertaken.
- The FY2022 operating cash reconciliation differs from its statement by A$1; FY2024 has a A$3 difference. The FY2025 equity comprehensive-loss total differs by A$2 from the income statement. The primary statement values are retained rather than force-balanced.
- Primary-author review only; published and not independently audited.
Annual-report source registry
- Aruma Resources Limited - Annual Report to shareholdersExisting extraction; FY2025 income also uses corrections saved 24 September 2026.
- Aruma Resources Limited - Annual Report to shareholdersAruma FY2022 consolidated statements, existing Docling parse_content_id 2078556; cash-flow statement and loss/other-income notes. Character-range locators retained in the repair evidence. Foreign-company DB tables excluded.
- Aruma Resources Limited - Annual ReportForeign-company extraction slice excluded; later same-company comparative/opening balances used where available.
- Aruma Resources Limited - Annual Report to shareholdersExisting extraction; FY2025 income also uses corrections saved 24 September 2026.
- Aruma Resources Limited - Annual ReportExisting extraction; FY2025 income also uses corrections saved 24 September 2026.
Prepared from the existing year-by-year extractions and saved corrections, supplemented by a specifically authorised DB-table and existing parsed-text lookup for residual issues on 28 September 2026. No PDFs were downloaded or reparsed and no financial web research was used. The lookup log and source locators are retained; this is not an independent audit.
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