FY2022
Placement supports exploration
The April placement sought A$3m gross for Hawkins drilling; net financing cash is shown separately from the headline raising.
ASX: BPM · Five-year financial review
(ASX: BPM) BPM Minerals Financial Review - FY2022~26
BPM’s latest five-year record runs from FY2022 to FY2026. A refreshed cash balance in the final year reflects fundraising and asset-portfolio changes, while statutory losses still include exploration-related costs and non-cash write-offs.
Reading the figures: Units are stated above each table or beside the metric. Brackets denote negative amounts. Supported nil is shown as zero; unlike reporting bases remain separately labelled.
FY2026 cash
A$6.597m
30 June balance.
Net loss
A$4.349m
Excludes positive OCI.
Net financing cash
A$6.622m
Not gross announced proceeds.
Tenement write-offs
A$1.242m
Non-cash loss component.
Five years in context
The group’s earlier portfolio focused on Western Australian mineral exploration. The latest extraction describes a Claw disposal and a shift of effort toward Forelands; these changes are not evidence of commercial production.
Fundraising increased cash in FY2026 despite a larger loss. The loss includes A$1.242m of non-cash tenement write-offs, so it cannot be treated as the cash consumed during the year.
Events behind the numbers
FY2023
Cash deployed without fresh net funding
Operating and investing outflows reduced cash; financing was a net outflow rather than another placement inflow.
FY2024
Loss and carrying values diverge
Net loss is shown separately from the additional OCI loss. The asset base remained dependent on project recovery.
FY2025
Claw classified for sale
The project was held for sale at June; the binding sale agreement followed on 8 July 2025. The A$1.5m consideration is not treated as June cash.
FY2026
Disposal and capital refresh
Claw was sold during the year and capital raisings replenished cash. The July 2026 drilling announcement is subsequent to this financial period.
FINANCIAL REVIEW / 01
A replenished cash base after a declining trend
Cash recovered in FY2026 after several years of drawdown. The larger closing balance follows financing and disposals; it should not be presented as mine-generated cash or a guarantee that future exploration is fully funded.
Year-end cash
A$ million
Cash and equivalents
AI-generated presentation · values from Cash, assets and equity; no missing values plotted as zero.
Assets and equity
A$ million
Total consolidated assetsTotal consolidated equity
AI-generated presentation · values from Cash, assets and equity; no missing values plotted as zero.
Cash, assets and equity
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cash and equivalents | 5.984 | 3.941 | 2.182 | 1.830 | 6.597 |
| Total consolidated assets | 11.480 | 9.544 | 6.417 | 4.805 | 8.341 |
| Total consolidated equity | 11.086 | 9.285 | 6.246 | 4.639 | 8.089 |
Latest five stored periods are FY2022-FY2026, not FY2021-FY2025. Assets use the group statement, not parent-only totals.
FY2025 working capital included held-for-sale assets; it was not all immediately available bank cash.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Cash flow separates funding from investment changes
Operating cash remained negative while net investing became positive in the disposal year. The current cash-flow classification is retained rather than relabelling the net inflow as negative capex.
Net loss versus operating cash
A$ million
Statutory loss after taxOperating cash flow
AI-generated presentation · values from Loss and operating cash; no missing values plotted as zero.
Investing and financing flows
A$ million
Net investing cash flowNet financing cash flow
AI-generated presentation · values from Investing and financing cash; no missing values plotted as zero.
Loss and operating cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Statutory loss after tax | (1.812) | (1.856) | (3.200) | (3.359) | (4.349) |
| Operating cash flow | (1.105) | (1.054) | (0.640) | (0.694) | (2.140) |
Loss includes non-cash project write-offs. Other comprehensive income is excluded from this net-loss row.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Investing and financing cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Net investing cash flow | (1.135) | (0.911) | (1.089) | (1.197) | 0.285 |
| Net financing cash flow | 2.794 | (0.078) | (0.029) | 1.539 | 6.622 |
FY2026 investing cash is a net inflow and includes the completed Claw disposal; it is not negative exploration expenditure. Financing is net cash rather than gross announced placement proceeds.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Keep other comprehensive income separate
Positive OCI in FY2026 reduces the comprehensive loss relative to net loss. It does not reduce the statutory loss-after-tax figure or produce equivalent cash. The comparative year has the reverse-sign OCI effect.
Net and comprehensive loss
A$ million
Net lossTotal comprehensive loss
AI-generated presentation · values from Why comprehensive loss differs from net loss; no missing values plotted as zero.
Why comprehensive loss differs from net loss
A$ million
| Metric | FY2025 | FY2026 |
|---|---|---|
| Net loss | (3.359) | (4.349) |
| Other comprehensive income / (loss) | (0.007) | 0.200 |
| Total comprehensive loss | (3.366) | (4.148) |
Net loss plus OCI gives comprehensive loss; these are alternative presentation levels and must not be added as separate expenses.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- Five selected fiscal periods end in FY2026; company comparisons must align dates explicitly.
- Forelands title/option status has inconsistent descriptions in the stored narrative. This review does not assert completed legal ownership or a maiden resource from a drilling target.
- Subsequent July-September 2026 drilling and approvals are not FY2026 production or revenue.
- Prepared from existing year-by-year extraction records only. No raw-source retrieval, database query, financial web research or MiniMax call. Primary-author review, not an independent original-document audit; published.
Annual-report source registry
- BPM Minerals - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- BPM Minerals - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- BPM Minerals - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- BPM Minerals - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- BPM Minerals - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
Prepared solely from the existing year-by-year extraction datasets. No raw annual-report body, PDF, new database lookup or financial web research was used. Review is against those stored extractions, not a new independent original-document audit.
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AI-led method
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