FY2021
Demerger and first reporting period
Assets transferred from the Cassini demerger in October 2020. Later comparatives restate the exploration accounting.
ASX: CPN · Five-year financial review
(ASX: CPN) Caspin Resources Financial Review - FY2021~25
Caspin’s FY2021-FY2025 cash history covers an exploration-accounting restatement, a larger spending year and a later tin acquisition. Coverage is uneven: cash can be compared at all five balance dates, but the stored FY2024 extraction does not supply a complete annual result or cash-flow split.
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.
FY2025 cash
A$1.887m
Closing consolidated cash.
Net loss
A$2.594m
Latest annual extraction.
Working capital
A$1.205m
Not an additional cash pool.
FY2024 coverage
Partial
Cash comparison, not full ledger.
Five years in context
In FY2022 Caspin changed from capitalising exploration spending to expensing it until development, applying the change retrospectively. The early balance sheet and loss series use those restated comparatives.
Riverston Tin was acquired in December 2024 as an asset acquisition. Bygoo acquisition costs can be carried as an asset while ongoing exploration is expensed; those two treatments should not be mistaken for contradictory cash figures.
Events behind the numbers
FY2022
Expense exploration as incurred
A retrospective accounting change increases the earlier reported loss and reduces carried exploration assets.
FY2023
Higher cash consumption
The annual cash decrease and closing balance corroborate a substantially larger operating outflow despite financing.
FY2024
Cash comparison only
The next annual extraction retains closing cash of A$1.415m; this packet does not support a complete FY2024 event or result reconstruction.
FY2025
Bygoo acquisition and funding risk
Riverston Tin acquisition consideration included shares, options and milestone-linked cash. The auditor highlighted going-concern uncertainty.
FINANCIAL REVIEW / 01
Cash history is broader than statement coverage
Cash increased in FY2025. The stored narrative calls the A$472,125 change a decrease, but opening cash, closing cash and the cash-flow statement show an increase; that wording is not repeated here.
Five balance-date cash observations
A$ million
Cash and equivalents
AI-generated presentation · values from Five balance dates: closing cash; no missing values plotted as zero.
Earlier group assets and equity
A$ million
Total assetsTotal equity
AI-generated presentation · values from Earlier consolidated position and restated losses; no missing values plotted as zero.
Five balance dates: closing cash
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and equivalents | 5.748 | 8.944 | 4.127 | 1.415 | 1.887 |
FY2024 is the opening cash balance of the FY2025 cash-flow statement, corroborated by its liquidity narrative. It is not an FY2024 full financial ledger.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Earlier consolidated position and restated losses
A$ million
| Metric | FY2021 | FY2022 | FY2023 |
|---|---|---|---|
| Total assets | 5.889 | 9.399 | 4.622 |
| Total equity | 5.806 | 8.793 | 3.362 |
| Loss after tax, including NCI | (6.296) | (6.427) | (11.193) |
FY2021 uses retrospectively restated FY2022 comparatives following the policy change to expense exploration. It is not the original FY2021 attributable loss.
The initial reporting history begins with incorporation on 17 June 2020 and the October 2020 demerger; the early period is not assumed to be a mature full-year operating base.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Do not bridge over a missing annual split
FY2023 operating cash is displayed on the year established by the financial narrative and balance-sheet continuity, rather than its inconsistent extracted header. FY2024 flows remain a disclosed gap.
Available cash flows
A$ million
Net operating cash flowNet financing cash flow
AI-generated presentation · values from Available cash-flow years; no missing values plotted as zero.
Available cash-flow years
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2025 |
|---|---|---|---|---|
| Net operating cash flow | (2.122) | (5.859) | (10.253) | (2.215) |
| Net investing cash flow | (0.100) | (0.073) | (0.005) | (0.374) |
| Net financing cash flow | 7.969 | 9.127 | 5.441 | 3.062 |
FY2024 category totals are an extraction gap and are not interpolated.
FY2023 records incorrectly carry earlier year labels. Their cash opening/closing balances, prior-year comparative values and FY2023 liquidity narrative establish the displayed year; the original records are retained unchanged.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Latest loss and going-concern disclosure
The latest loss and operating cash outflow differ because accrual charges and cash timing differ. Additional funding, most likely equity, is an explicit condition in the going-concern disclosure; a general liquidity-policy statement does not cancel it.
Latest loss, operating cash and financing
A$ million
Group loss after taxNet operating cash flowNet financing cash flow
AI-generated presentation · values from Latest annual funding and working capital; no missing values plotted as zero.
Latest annual funding and working capital
A$ million
| Metric | FY2025 |
|---|---|
| Group loss after tax | (2.594) |
| Net operating cash flow | (2.215) |
| Net financing cash flow | 3.062 |
| Net working capital | 1.205 |
Working capital is not cash. The auditor drew attention to a material uncertainty related to going concern without modifying the opinion.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- FY2024 full results, group assets/equity and cash-flow categories are missing from this frozen packet. No issuer non-disclosure is inferred.
- FY2025 parent-only asset totals are not substituted for consolidated assets.
- FY2023 cash-flow year labels are corrected through existing extracted corroboration; no original-source retrieval performed.
- 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
- Caspin Resources - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Caspin Resources - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Caspin Resources - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Caspin Resources - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Caspin Resources - 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.
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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