FY2021
Anleck acquisition and MCB resource
On 4 February 2021 Celsius completed the Anleck asset acquisition. Its January 2021 MCB maiden resource estimate established a project baseline.
ASX: CLA · Five-year financial review
Celsius Resources Limited (ASX: CLA) - Five-Year Financial Review FY2021-FY2025
Five annual reports cover years ended 30 June 2021–2025. Tables use each year’s contemporaneous group statement, with comparative re-presentation explicitly marked. Reported dollars are not currency converted.
Reading the tables: 0 (nil) is a supported zero. Other text distinguishes an amount included in another line, a non-applicable item, a separately unavailable component and an unresolved value. These are not interchangeable. Period-specific detail is labelled; complete year-by-year detail remains available.
FY2025 group loss
(7,571,653) $
Includes discontinued operations; not the parent-attributable amount.
FY2025 cash
4,368,851 $
Consolidated balance at 30 June 2025.
FY2025 net assets
26,451,905 $
Consolidated balance at 30 June 2025.
FY2025 operating cash flow
(2,306,626) $
Consolidated cash outflow.
Five years in context
Celsius remained an exploration and development company across five June year ends. Its financial statements show recurring group losses and operating cash outflows. The FY2024 and FY2025 income statements distinguish continuing and discontinued operations, and the FY2024 balance sheet introduces disposal groups held for sale.
Cash at 30 June 2025 rose alongside financing receipts and a non-current borrowing. The directors identified a material uncertainty over going concern in FY2025 and described expected post-year-end funding and disposal proceeds. Those expectations are management statements, not realized FY2025 cash flows.
Events behind the numbers
FY2022
Sagay permit and project disruption
The Sagay subsidiary received a two-year exploration permit on 11 August 2021. The annual report also describes disruption and six-month extensions for MCB and Sagay.
FY2023
AIM listing
Celsius listed on AIM on 30 January 2023 and raised GBP 2.4 million before costs.
FY2024
MCB permit and financing
The Philippine affiliate received the MCB mining permit; April 2024 AIM placement and Silvercorp subscription supported further funding.
FY2025
Placements and borrowing
A September 2024 Patras placement and a March 2025 ASX placement added equity funding. FY2025 cash flows also show loan proceeds.
FINANCIAL REVIEW / 01
Statutory result
The group loss widened after FY2021. FY2024 and FY2025 include material discontinued-operation losses, so the continuing subtotal must be read separately from the group total.
Group loss after tax
$
Loss after tax for the year — group total
AI-generated presentation · values from Consolidated income and comprehensive result; no missing values plotted as zero.
Consolidated income and comprehensive result
Reported $, units
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Other income$ | 279,030 | 23,127 | 28,759 | 647 | 795 |
| Loss before tax: unsplit FY2021–FY2023; continuing FY2024–FY2025$ | (1,199,770) | (3,917,778) | (5,830,650) | (2,335,397) | (3,019,529) |
| Income tax expense$ | Nil | Nil | Nil | Nil | Nil |
| Loss after tax — continuing operations$ | Included in combined group loss | Included in combined group loss | (5,774,671) | (2,335,397) | (3,019,529) |
| Loss after tax — discontinued operations$ | Included in combined group loss | Included in combined group loss | (55,979) | (6,103,506) | (4,552,124) |
| Loss after tax for the year — group total$ | (1,199,770) | (3,917,778) | (5,830,650) | (8,438,903) | (7,571,653) |
| Loss attributable to owners of Celsius$ | (1,197,633) | (3,913,625) | (5,728,883) | (8,436,431) | (7,569,867) |
| Loss attributable to non-controlling interests$ | (2,137) | (4,153) | (101,767) | (2,472) | (1,786) |
| Total comprehensive loss$ | (160,025) | (4,445,968) | (6,526,867) | (9,172,318) | (7,168,732) |
FY2021–FY2023 group totals are from the contemporaneous income statements. The FY2023 continuing/discontinued split is the FY2024 annual report comparative; it is not added to the FY2023 original total a second time.
FY2024–FY2025 group total includes the non-controlling interest. Parent attributable loss is a separate row. Loss before tax changes to a continuing-operations subtotal in FY2024, so it is not one unbroken trend.
The reports label earlier statement currency as $; no foreign-exchange conversion is applied.
FY2021–FY2022 continuing/discontinued components remain unquantified within the combined group loss; no component is presumed nil.
Basis and presentation notes (4)
- Loss after tax — continuing operations / FY2021 — Included in combined group loss: The contemporaneous statement reports only the unsplit group loss; continuing and discontinued components cannot be quantified separately.
- Loss after tax — continuing operations / FY2022 — Included in combined group loss: The contemporaneous statement reports only the unsplit group loss; continuing and discontinued components cannot be quantified separately.
- Loss after tax — discontinued operations / FY2021 — Included in combined group loss: The contemporaneous statement reports only the unsplit group loss; continuing and discontinued components cannot be quantified separately.
- Loss after tax — discontinued operations / FY2022 — Included in combined group loss: The contemporaneous statement reports only the unsplit group loss; continuing and discontinued components cannot be quantified separately.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
Selected expense and exchange lines on the income statement
Reported $, units
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Directors and employee benefits$ | (268,270) | (884,109) | (496,123) | (294,093) | (344,044) |
| Legal and other professional fees$ | (538,157) | (523,018) | (709,492) | (536,340) | (954,160) |
| Travel and accommodation$ | (8,615) | (27,241) | (139,154) | (46,576) | (42,174) |
| Depreciation and amortisation$ | (8,966) | (14,243) | (22,035) | (84,407) | (48,540) |
| Finance costs$ | (27,519) | (127,242) | Nil | 0 (nil) | (49,119) |
| Share-based payments$ | Not separately presented | (268,348) | (460,141) | Nil | Not separately presented |
| Impairment expense / investments$ | 0 (nil) | (147,634) | (713,020) | (81,038) | (125,962) |
| Project costs$ | (24,606) | (390) | (438) | (259,125) | (333,636) |
| Foreign-exchange gain / (loss)$ | (1,511) | (3,759) | 125,299 | (33,799) | (833) |
| Other expenses$ | (526,056) | (1,695,962) | (2,783,049) | (1,000,666) | (1,121,856) |
FY2021–FY2023 lines are from unsplit statutory statements; FY2024–FY2025 lines are from continuing operations. These rows are not a single comparable total.
A dash in the source line is rendered Nil; no line is rendered Not separately presented. Project costs are income-statement expenses, not exploration cash payments.
Basis and presentation notes (4)
- Finance costs / FY2024 — 0 (nil): FY2024 nil is explicitly shown in the following annual report's comparative column for this same line.
- Share-based payments / FY2021 — Not separately presented: No separate line with this label in the contemporaneous income statement
- Share-based payments / FY2025 — Not separately presented: No separate line with this label in the contemporaneous income statement
- Impairment expense / investments / FY2021 — 0 (nil): FY2021 nil is explicitly shown in the following annual report's comparative column for this same line.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
FINANCIAL REVIEW / 02
Financial position and liquidity
The 2025 statement shows higher year-end cash, non-current borrowings and a smaller net asset balance than FY2024. Net current assets include held-for-sale assets in both years.
Cash at 30 June
$
Cash and cash equivalents
AI-generated presentation · values from Consolidated financial position at each 30 June; no missing values plotted as zero.
Net assets at 30 June
$
Net assets / total equity
AI-generated presentation · values from Consolidated financial position at each 30 June; no missing values plotted as zero.
Consolidated financial position at each 30 June
Reported $, units
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents$ | 6,484,053 | 1,289,845 | 5,029,176 | 1,599,725 | 4,368,851 |
| Trade and other receivables$ | 198,948 | 227,689 | 76,939 | 43,687 | 38,826 |
| Exploration and evaluation assets$ | 24,324,124 | 28,242,540 | 30,258,704 | 19,577,942 | 23,635,393 |
| Disposal-group assets held for sale$ | Not separately presented | Not separately presented | 0 (nil) | 7,520,983 | 3,042,006 |
| Total current assets$ | 6,919,173 | 1,613,143 | 5,197,346 | 9,233,072 | 7,611,487 |
| Total non-current assets$ | 24,451,018 | 28,469,857 | 30,531,294 | 20,256,149 | 24,488,116 |
| Total assets$ | 31,370,191 | 30,083,000 | 35,728,640 | 29,489,221 | 32,099,603 |
| Trade and other payables$ | 241,193 | 1,396,808 | 565,808 | 297,358 | 693,645 |
| Total current liabilities$ | 1,655,372 | 2,883,340 | 565,808 | 1,067,391 | 2,476,137 |
| Net current assets / (liabilities)$ | 5,263,801 | (1,270,197) | 4,631,538 | 8,165,681 | 5,135,350 |
| Non-current loans and borrowings$ | Not separately presented | Not separately presented | Not separately presented | Nil | 3,073,552 |
| Total non-current liabilities$ | 1,461,712 | 0 (nil) | 0 (nil) | 0 (nil) | 3,171,561 |
| Total liabilities$ | 3,117,084 | 2,883,340 | 565,808 | 1,067,391 | 5,647,698 |
| Net assets / total equity$ | 28,253,107 | 27,199,660 | 35,162,832 | 28,421,830 | 26,451,905 |
| Issued capital$ | 61,984,186 | 64,808,602 | 78,839,711 | 81,188,958 | 85,852,075 |
| Accumulated losses$ | (34,923,389) | (38,837,014) | (44,565,897) | (50,545,981) | (58,115,849) |
Net current assets are calculated from the two displayed statement totals. FY2024 and FY2025 include held-for-sale assets and related liabilities, so a narrower working-capital schedule produces a different subtotal.
FY2025 assets held for sale include the disposal group. Exploration and evaluation is a balance-sheet asset, distinct from period cash payments.
FY2023/2024 extracted net assets can differ by A$1 from issuer narrative due to source presentation; statement rows are retained here.
Basis and presentation notes (9)
- Disposal-group assets held for sale / FY2021 — Not separately presented: Not separately presented on this statement
- Disposal-group assets held for sale / FY2022 — Not separately presented: Not separately presented on this statement
- Disposal-group assets held for sale / FY2023 — 0 (nil): FY2023 nil is explicitly shown in the following annual report's comparative column for this same line.
- Non-current loans and borrowings / FY2021 — Not separately presented: Not separately presented on this statement
- Non-current loans and borrowings / FY2022 — Not separately presented: Not separately presented on this statement
- Non-current loans and borrowings / FY2023 — Not separately presented: Not separately presented on this statement
- Total non-current liabilities / FY2022 — 0 (nil): Issuer-reported nil for this exact line and period.
- Total non-current liabilities / FY2023 — 0 (nil): Issuer-reported nil for this exact line and period.
- Total non-current liabilities / FY2024 — 0 (nil): Issuer-reported nil for this exact line and period.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
FINANCIAL REVIEW / 03
Cash flows and funding
Operating cash flow was negative throughout. The FY2021 statement classifies exploration payments in operations, whereas later statements place them in investing; the cash-flow detail keeps that boundary visible.
Operating and investing cash flows
$
Net operating cash flowNet investing cash flow
AI-generated presentation · values from Consolidated cash flow and cash bridge; no missing values plotted as zero.
Consolidated cash flow and cash bridge
Reported $, units
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net operating cash flow$ | (4,745,697) | (3,030,854) | (4,809,492) | (2,300,620) | (2,306,626) |
| Net investing cash flow$ | (63,953) | (5,370,604) | (5,232,519) | (3,545,150) | (3,301,374) |
| Net financing cash flow$ | 5,618,477 | 3,207,252 | 13,781,346 | 2,431,315 | 8,450,769 |
| Net change in cash before exchange movement$ | 808,827 | (5,194,206) | 3,739,335 | (3,414,455) | 2,842,769 |
| Exchange movement on cash$ | 1,000 | (2) | (4) | (14,996) | (73,643) |
| Cash at beginning of year$ | 5,674,226 | 6,484,053 | 1,289,845 | 5,029,176 | 1,599,725 |
| Cash at end of year$ | 6,484,053 | 1,289,845 | 5,029,176 | 1,599,725 | 4,368,851 |
Each year uses its contemporaneous statement totals. FY2021 operating/investing classification was re-presented in the FY2022 comparative; FY2021 original reported subtotals remain shown.
The FY2025 cash-flow statement is the consolidated table whose extracted heading is misattached to the preceding changes-in-equity section. The smaller FY2025 Note 26 cash-flow table is a subsidiary/other note and is excluded from group totals.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
Material exploration, equipment and project cash payments
Reported $, units
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Exploration and evaluation cash payment — operating classification$ | (3,215,585) | Not applicable — other cash-flow classification | Not applicable — other cash-flow classification | Not applicable — other cash-flow classification | Not applicable — other cash-flow classification |
| Exploration and evaluation cash payment — investing classification$ | Not applicable — other cash-flow classification | (3,739,337) | (3,678,678) | (3,056,979) | (3,245,881) |
| Payments for property, plant and equipment$ | (63,953) | (114,666) | (67,309) | (67,002) | (55,493) |
| Deferred consideration paid$ | 0 (nil) | (1,516,601) | (1,486,532) | Not separately presented | Not separately presented |
| Payments for mine development$ | Not separately presented | Not separately presented | 0 (nil) | (421,765) | 0 (nil) |
| Exploration and evaluation cash payment — all cash-flow classifications$ | (3,215,585) | (3,739,337) | (3,678,678) | (3,056,979) | (3,245,881) |
The FY2023 original extraction gives 33,678,678 for exploration cash payment while the same statement reports total investing outflow 5,232,519. The FY2024 annual report comparative gives 3,678,678; that later comparative is the displayed figure and the original conflict remains in the change log.
FY2021 exploration payment is displayed separately under its original operating classification. It is not summed into FY2021 investing outflow.
The all-classifications exploration cash-payment row uses the original operating line in FY2021 and the investing line thereafter; it is a comparison row, not an addition to either cash-flow subtotal.
Basis and presentation notes (12)
- Exploration and evaluation cash payment — operating classification / FY2022 — Not applicable — other cash-flow classification: The FY2022 exploration payment is reported under the other cash-flow classification; see the adjacent numeric row.
- Exploration and evaluation cash payment — operating classification / FY2023 — Not applicable — other cash-flow classification: The FY2023 exploration payment is reported under the other cash-flow classification; see the adjacent numeric row.
- Exploration and evaluation cash payment — operating classification / FY2024 — Not applicable — other cash-flow classification: The FY2024 exploration payment is reported under the other cash-flow classification; see the adjacent numeric row.
- Exploration and evaluation cash payment — operating classification / FY2025 — Not applicable — other cash-flow classification: The FY2025 exploration payment is reported under the other cash-flow classification; see the adjacent numeric row.
- Exploration and evaluation cash payment — investing classification / FY2021 — Not applicable — other cash-flow classification: The FY2021 exploration payment is reported under the other cash-flow classification; see the adjacent numeric row.
- Deferred consideration paid / FY2021 — 0 (nil): FY2021 nil is explicitly shown in the following annual report's comparative column for this same line.
- Deferred consideration paid / FY2024 — Not separately presented: FY2024 cash-flow row blank; no numeric amount presented
- Deferred consideration paid / FY2025 — Not separately presented: No separate payment on FY2025 investing statement
- Payments for mine development / FY2021 — Not separately presented: No separate mine-development cash payment on statement
- Payments for mine development / FY2022 — Not separately presented: No separate mine-development cash payment on statement
- Payments for mine development / FY2023 — 0 (nil): FY2023 nil is explicitly shown in the following annual report's comparative column for this same line.
- Payments for mine development / FY2025 — 0 (nil): Issuer-reported nil for this exact line and period.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
Financing cash flows and shareholder returns
Reported $, units
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Proceeds from issue of shares$ | 5,984,985 | 3,400,000 | 14,343,361 | 2,531,139 | 5,770,968 |
| Capital raising costs paid$ | (371,508) | (217,748) | (562,015) | (99,824) | (568,808) |
| Proceeds from loans$ | Not separately presented | Not separately presented | Not separately presented | 0 (nil) | 3,248,609 |
| Dividends paid or declared$ | Nil | Nil | Nil | Nil | Nil |
Gross share proceeds are cash-flow receipts; issued capital below is an accrual/equity balance. No dividends were paid or declared in any of the five annual reports.
Basis and presentation notes (4)
- Proceeds from loans / FY2021 — Not separately presented: No separate loan proceeds line on contemporaneous statement
- Proceeds from loans / FY2022 — Not separately presented: No separate loan proceeds line on contemporaneous statement
- Proceeds from loans / FY2023 — Not separately presented: No separate loan proceeds line on contemporaneous statement
- Proceeds from loans / FY2024 — 0 (nil): FY2024 nil is explicitly shown in the following annual report's comparative column for this same line.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
FINANCIAL REVIEW / 04
Equity and capital returns
The company increased ordinary shares on issue through placements. The share-count table is a year-end stock measure; the financing cash-flow table shows cash received during each year.
Ordinary shares on issue
shares
Ordinary shares on issue, number
AI-generated presentation · values from Issued capital and ordinary shares at year end; no missing values plotted as zero.
Issued capital and ordinary shares at year end
Mixed units; see row labels
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Issued capital, net of cumulative raising costs$ | 61,984,186 | 64,808,602 | 78,839,711 | 81,188,958 | 85,852,075 |
| Ordinary shares on issue, numbershares | 1,047,228,081 | 1,221,465,768 | 2,211,051,662 | 2,427,912,743 | 3,135,488,452 |
Share counts and equity values are closing balances, not proceeds from specific placements.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
FINANCIAL REVIEW / 05
Project evidence
The MCB estimate is a Mineral Resource snapshot. It does not establish mine production, sales or commercial cash generation during this five-year window.
MCB global Mineral Resource Estimate: disclosed snapshots
Mixed units; see row labels
| Metric | FY2023 | FY2025 |
|---|---|---|
| Total mineral resourceMt | 338 | 338 |
| Copper grade% Cu | 0.47 | 0.47 |
| Gold gradeg/t Au | 0.12 | 0.12 |
| Contained copperkt Cu | 1,578 | 1,578 |
| Contained goldkoz Au | 1,340 | 1,340 |
FY2023 and FY2025 annual records repeat the estimate; these are disclosed snapshots, not production or a continuous annual operating series. Resource publication dates and report balance dates are distinct.
Source: Celsius Resources annual statements and notes; annual report editions listed in the source registry.
Reading the figures
- The annual extraction labels FY2021–FY2023 statement columns as $ without an explicit currency code; no conversion has been made.
- FY2021 exploration cash payments were reclassified in a later comparative. The report displays the contemporaneous cash-flow subtotals and identifies the classification break.
- FY2023 original extraction of an exploration cash payment conflicts with its investing total; the displayed line uses the FY2024 report comparative and is flagged in the change log.
- The source package does not support mine production, sales, unit costs or free cash flow as issuer-disclosed comparable series.
Annual-report source registry
- Annual Report to ShareholdersYear ended 2021-06-30; annual report document date 2021-09-30.
- Annual Report to ShareholdersYear ended 2022-06-30; annual report document date 2022-09-30.
- Annual Report to shareholdersYear ended 2023-06-30; annual report document date 2023-09-29.
- Annual Report to shareholdersYear ended 2024-06-30; annual report document date 2024-09-30.
- Annual Report to shareholdersYear ended 2025-06-30; annual report document date 2025-09-29.
Prepared from the existing annual extraction datasets, supplemented only by selected same-company annual-report tables and saved row interpretations. No new raw-document extraction or web financial research was used for this test.
Sources, copyright and independence
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AI-led method
This report uses AI actively and extensively for evidence extraction, comparison, organisation, calculation checks, drafting, translation planning and presentation. Material claims received reasonable editorial review against cited public sources; this was not an audit, assurance engagement or independent verification. Limitations in public sources, AI systems and review may leave errors, omissions, inconsistencies or translation, classification and interpretation errors.
Any AI-generated visual accompanying this report must carry an adjacent, visible AI-generated label or caption. Such visuals are illustrative rather than source evidence and do not replace the cited annual-report text, table or section source.
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