FY2022
Cash-funded investment
Nil net financing left the company funding operating and investing outflows from its existing cash base.
ASX: CAZ · Five-year financial review
(ASX: CAZ) Cazaly Resources Financial Review - FY2022~26
Cazaly’s FY2022-FY2026 record combines exploration spending, portfolio write-offs and periodic financing. The latest loss narrowed after a much larger write-off year, while royalty interests remain conditional rights rather than a current mine-sales series.
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$3.628m
Includes cash-equivalent deposits.
Net loss
A$0.630m
Group continuing operations.
Exploration write-off
A$0.356m
Below FY2025 charge.
Net financing
A$3.275m
Fiscal-year cash inflow.
Five years in context
FY2025 write-offs affected original acquisition costs and spending on several projects, including Ashburton, Lyons, Sundown and Kaoko. The subsequent lower charge helps explain the narrower FY2026 loss, without implying an equivalent recovery of cash.
The stored report describes exploration opportunities and retained royalty interests. Parker Range royalty payments depend on a production threshold; the mine’s output is not Cazaly’s own production or automatically recognised revenue.
Events behind the numbers
FY2023
Further cash drawdown
Cash declined with no net financing. The stored cash-flow subtotals have an unresolved reconciliation difference noted in the table.
FY2024
Financing and a net investing inflow
Both categories were positive, supporting an increase in closing cash despite operating outflows.
FY2025
Portfolio write-offs dominate earnings
Exploration write-offs of A$4.882m widened the group loss, with no net financing inflow in the year.
FY2026
Fresh capital and exploration access
New share issuances and Abenab North access arrangements supported the exploration programme. Royalty receipt timing remained a separate discussion.
FINANCIAL REVIEW / 01
Cash improves after another funding year
FY2026 financing replenished cash while operating and investing activities remained cash outflows. The group asset and equity totals are kept distinct from the parent-only note, which differs in earlier years.
Closing cash
A$ million
Cash and equivalents
AI-generated presentation · values from Consolidated cash and capital; no missing values plotted as zero.
Group assets and equity
A$ million
Total assetsTotal equity
AI-generated presentation · values from Consolidated cash and capital; no missing values plotted as zero.
Consolidated cash and capital
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cash and equivalents | 6.901 | 3.818 | 5.033 | 2.866 | 3.628 |
| Total assets | 16.345 | 14.330 | 16.134 | 10.427 | 13.284 |
| Total equity | 15.931 | 14.034 | 15.742 | 9.930 | 12.968 |
Group statement totals, not parent-only information. Cash includes deposits classified as cash equivalents, but not listed investments.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Cash flows and loss answer different questions
A sharp reduction in the impairment charge narrowed the latest loss, but operating cash consumption increased. The cash-flow table retains an identified FY2023 extraction discrepancy rather than inventing a balancing receipt.
Loss and operating cash
A$ million
Loss after tax from continuing operationsNet operating cash flow
AI-generated presentation · values from Group loss and operating cash; no missing values plotted as zero.
Net financing
A$ million
Net financing cash flow
AI-generated presentation · values from Investing and financing cash; no missing values plotted as zero.
Group loss and operating cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Loss after tax from continuing operations | (1.741) | (2.125) | (0.892) | (5.812) | (0.630) |
| Net operating cash flow | (0.820) | (0.774) | (1.144) | (0.932) | (1.303) |
Total group result, including any NCI, rather than parent-attributable or parent-only result. The FY2025 loss includes substantial exploration write-offs.
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 | (1.872) | (2.829) | 0.489 | (1.235) | (1.186) |
| Net financing cash flow | 0.000 | 0.000 | 1.870 | 0.000 | 3.275 |
FY2024 investing is a positive net inflow despite the legacy row label saying used. FY2022/FY2023 financing is explicitly nil.
Unresolved extraction issue: FY2023 category totals imply a cash decrease A$0.520m larger than the separately recorded decrease. Values are preserved, not forced to reconcile or represented as a complete cash bridge.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Separate write-offs, investment gains and royalty rights
The investment gains shown here are accounting gains, not gross cash proceeds. Royalty rates in the narrative use different currencies and production conditions, so they are not multiplied by resources to create a financial asset or income estimate.
Exploration write-offs
A$ million
Exploration expenditure written off
AI-generated presentation · values from Recent exploration write-offs and investment remeasurement; no missing values plotted as zero.
Recent exploration write-offs and investment remeasurement
A$ million
| Metric | FY2025 | FY2026 |
|---|---|---|
| Exploration expenditure written off | (4.882) | (0.356) |
| Net fair-value gain / (loss) | (0.037) | 0.131 |
| Gain on sale of financial assets | 0.087 | 0.113 |
Signed profit-and-loss components. Fair-value gains are not cash proceeds; realised gains are not gross sale proceeds.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- FY2023 cash-flow category totals remain inconsistent with the recorded annual cash change by A$519,550 in the packet; no correction is claimed.
- Parker Range and Hamersley royalties have different currencies and terms; no receipts are assumed from retained rights alone.
- FY2026 funding risk disclosure says activities may need to be reduced or suspended if future funding is unavailable.
- 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
- Cazaly Resources - 2022 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Cazaly Resources - 2023 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Cazaly Resources - Annual Report 30 June 2024Existing annual extraction, including separately identified historical comparatives.
- Cazaly Resources - Annual Report 30 June 2025Existing annual extraction, including separately identified historical comparatives.
- Cazaly Resources - Annual Report 30 June 2026Existing 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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