FY2021
Blackwood interest acquired
The group acquired a 51% controlling Blackwood interest through shares and options; the cash-flow statement separately shows investing exploration payments.
ASX: CXU · Five-year financial review
Cauldron Energy Limited (ASX: CXU) - Five-Year Financial Review FY2021-FY2025
Five annual reports through 30 June 2025. Financial statements are in Australian dollars at whole-dollar scale; shares and per-share amounts are labelled separately. FY2021 is original where FY2023 did not restate the cash-flow current-year column, while FY2021/FY2022 balance-sheet comparatives and FY2022 income/cash-flow figures use the FY2023 report's restated basis.
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 cash
A$2.396m
At 30 June 2025
FY2025 continuing loss
A$5.358m
Statutory loss after tax
FY2025 operating cash use
A$5.253m
Net cash used in operations
Manyingee South resource
11.1 Mlb
Announced 3 Apr 2025; eU3O8
Five years in context
Cauldron was an exploration-stage company across these five June year ends. Its annual statements show recurring statutory losses and operating cash outflows, while equity issues and option conversion cash supported the rise in year-end cash. The FY2023 accounting-policy change restated earlier comparative income, cash-flow and balance-sheet figures; the basis of each displayed column is stated in the tables.
The project focus moved from Blackwood and sand to Yanrey uranium and Manyingee South. The FY2025 resource estimate is a dated project measure; Western Australia's uranium-mining policy remained an operating constraint in the annual-report narrative. Directors repeatedly identified a material going-concern uncertainty, so the year-end cash figures should be read alongside continuing funding needs.
The issuer's accounting policies identify Australian dollars as the consolidated presentation currency. The report retains whole-dollar statement values and labels share counts, cents per share and mineral-resource units separately.
Events behind the numbers
FY2022
Exploration funding and cash use
A 14 March 2022 placement raised A$750,000 before costs; the later FY2023 annual report restated the FY2022 exploration and cash-flow presentation.
FY2023
Strategy and accounting change
The issuer shifted its strategy toward energy-transition minerals and retrospectively expensed exploration costs, changing the FY2021/FY2022 comparative basis.
FY2024
Yanrey drilling resumes
Yanrey drilling commenced in June 2024; operating exploration cash use rose and cash proceeds from share issues funded the period.
FY2025
Manyingee South maiden resource
The 3 April 2025 maiden estimate reported 11.1 Mlb eU3O8 at Manyingee South and a 42 Mlb Yanrey total including Bennet Well.
FINANCIAL REVIEW / 01
Statutory result
Exploration costs and share based payments materially affect the loss series. The restated FY2022 basis is displayed explicitly; FY2023 also has a separate discontinued-operations loss.
Consolidated income statement — selected statutory lines and note aggregates
A$ except loss per share
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue (principally interest) | 1 | 844 | 15,079 | 43,178 | 30,493 |
| Other income, gains and recoveries (aggregate) | 92,550 | 1,396 | 54,281 | 354,260 | 287,084 |
| Employee benefits expense | -384,254 | -347,919 | -518,699 | -597,340 | -585,247 |
| Exploration expense | -285,655 | -1,680,038 | -744,598 | -2,342,196 | -4,013,747 |
| Share based payments expense | -87,000 | -48,715 | -73,970 | -1,226,990 | -35,352 |
| Impairment losses, where separately presented | -404,724 | Not separately presented | Not separately presented | Not separately presented | Not separately presented |
| Loss before income tax, continuing operations | -669,504 | -3,225,436 | -2,344,608 | -4,726,095 | -5,357,608 |
| Income tax expense | Nil | Nil | Nil | Nil | Nil |
| Loss from continuing operations attributable to members | -669,504 | -3,225,436 | -2,344,608 | -4,726,095 | -5,357,608 |
| Loss from discontinued operations | Not separately presented | Not separately presented | -1,614,459 | Nil | Nil |
| Loss for year after tax | -669,504 | -3,225,436 | -3,959,067 | -4,726,095 | -5,357,608 |
| Basic loss per share, continuing operationscents/share | -0.16 | -0.65 | -0.31 | -0.44 | -0.38 |
FY2021 is the original annual statement; FY2022 uses the FY2023 report's restated comparative; FY2023–FY2025 use each current-year statement. This is a visible accounting-basis break, so loss is not charted as one uninterrupted series.
The FY2023 restatement expensed exploration expenditure previously capitalised. FY2023 includes a separate discontinued-operations loss. FY2024 directors' narrative cites A$4,813,095, while the selected consolidated statement reports A$4,726,095; the statement amount is displayed and the conflict remains disclosed.
The aggregate row is not the statutory 'Other Income' line alone: FY2024 A$354,260 comprises A$353,745 tenement-disposal gain and A$515 Other Income. FY2025 A$287,084 comprises A$250,000 legal-claim recovery, A$30,248 diesel rebate and A$6,836 other income. These are accrual income and distinct from cash-flow receipts.
Basis and presentation notes (13)
- Impairment losses, where separately presented / FY2022 — Not separately presented: FY2023 restated FY2022 P&L does not separately present an impairment row; checked selected FY2023 statement and row interpretations.
- Impairment losses, where separately presented / FY2023 — Not separately presented: Checked the selected FY2023 annual statement; this line was not separately presented on that statement basis.
- Impairment losses, where separately presented / FY2024 — Not separately presented: Checked the selected FY2024 annual statement; this line was not separately presented on that statement basis.
- Impairment losses, where separately presented / FY2025 — Not separately presented: Checked the selected FY2025 annual statement; this line was not separately presented on that statement basis.
- Income tax expense / FY2021 — Nil: Source line reports nil or a dash for this exact measure.
- Income tax expense / FY2022 — Nil: Dash in this exact source row is interpreted as nil for this reported line.
- Income tax expense / FY2023 — Nil: Source line reports nil or a dash for this exact measure.
- Income tax expense / FY2024 — Nil: Source line reports nil or a dash for this exact measure.
- Income tax expense / FY2025 — Nil: Source line reports nil or a dash for this exact measure.
- Loss from discontinued operations / FY2021 — Not separately presented: No discontinued-operations line in selected FY2021 P&L.
- Loss from discontinued operations / FY2022 — Not separately presented: No separate discontinued-operations amount in FY2023 restated FY2022 P&L column.
- Loss from discontinued operations / FY2024 — Nil: Source line reports nil or a dash for this exact measure.
- Loss from discontinued operations / FY2025 — Nil: Source line reports nil or a dash for this exact measure.
Source: Cauldron Energy FY2021–FY2025 annual reports; original and selected restated comparative statement rows are identified in the evidence bundle.
FINANCIAL REVIEW / 02
Assets, obligations and equity
Cash and financial assets are the principal current assets. The restated comparative balance sheet removes capitalised exploration and changes FY2021/FY2022 net assets.
Year-end cash and cash equivalents
A$
Cash and cash equivalents
AI-generated presentation · values from Consolidated assets at each 30 June; no missing values plotted as zero.
Consolidated assets at each 30 June
A$
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 375,221 | 235,738 | 771,393 | 1,939,961 | 2,396,105 |
| Trade and other receivables | 77,951 | 77,800 | 61,276 | 224,556 | 80,511 |
| Financial assets at fair value through profit or loss | 1,517,787 | 359,560 | 267,071 | 267,071 | 139,906 |
| Total current assets | 1,970,959 | 673,098 | 1,099,740 | 2,431,588 | 2,616,522 |
| Plant and equipment | 2,311 | 8,000 | 4,949 | 41,292 | 30,753 |
| Right of use assets | Not separately presented | Not separately presented | Not separately presented | 85,408 | 20,948 |
| Total non-current assets | 2,311 | 8,000 | 4,949 | 126,700 | 51,701 |
| Total assets | 1,973,270 | 681,098 | 1,104,689 | 2,558,288 | 2,668,223 |
FY2021 and FY2022 are the FY2023 annual report's restated comparative balances after the exploration accounting-policy change; later columns are current-year balances.
Exploration and evaluation assets reported in original FY2021/FY2022 statements were removed from the selected restated comparative basis. Plant and equipment is a balance-sheet asset, distinct from cash purchases in the cash-flow table.
Basis and presentation notes (3)
- Right of use assets / FY2021 — Not separately presented: No right-of-use asset line on FY2023 restated FY2021/FY2022 balance sheet.
- Right of use assets / FY2022 — Not separately presented: No right-of-use asset line on FY2023 restated FY2021/FY2022 balance sheet.
- Right of use assets / FY2023 — Not separately presented: Checked the selected FY2023 annual statement; this line was not separately presented on that statement basis.
Source: Cauldron Energy FY2021–FY2025 annual reports; original and selected restated comparative statement rows are identified in the evidence bundle.
Consolidated liabilities and equity at each 30 June
A$
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Trade and other payables | 956,863 | 1,087,481 | 975,704 | 1,101,539 | 967,417 |
| Employee entitlements | 101,121 | 22,052 | 4,641 | 19,231 | 12,226 |
| Lease liabilities | Not separately presented | Not separately presented | Not separately presented | 91,493 | 29,564 |
| Total current liabilities | 1,057,984 | 1,109,533 | 980,345 | 1,212,263 | 1,009,207 |
| Total liabilities | 1,057,984 | 1,109,533 | 980,345 | 1,212,263 | 1,009,207 |
| Net assets | 915,286 | -428,435 | 124,344 | 1,346,025 | 1,659,016 |
| Issued capital carrying amount | 58,269,504 | 60,061,504 | 62,689,099 | 67,088,994 | 72,544,282 |
| Reserves | 5,129,235 | 5,218,950 | 7,103,200 | 8,651,081 | 8,866,392 |
| Accumulated losses | -62,483,453 | -65,708,889 | -69,667,956 | -74,394,050 | -79,751,658 |
| Total equity | 915,286 | -428,435 | 124,344 | 1,346,025 | 1,659,016 |
FY2021 and FY2022 are restated comparative balances in the FY2023 annual report; original 2021/2022 reports showed different net assets and a separate non-controlling-interest line.
Issued capital is the carrying amount, not cash raised in the year. Lease liabilities are separately presented from FY2024.
Basis and presentation notes (3)
- Lease liabilities / FY2021 — Not separately presented: No lease liability line on FY2023 restated FY2021/FY2022 balance sheet.
- Lease liabilities / FY2022 — Not separately presented: No lease liability line on FY2023 restated FY2021/FY2022 balance sheet.
- Lease liabilities / FY2023 — Not separately presented: Checked the selected FY2023 annual statement; this line was not separately presented on that statement basis.
Source: Cauldron Energy FY2021–FY2025 annual reports; original and selected restated comparative statement rows are identified in the evidence bundle.
FINANCIAL REVIEW / 03
Cash use and financing
Operating cash outflows increased as exploration payments rose. Financing proceeds and the FY2025 tenement receipt contributed to the cash balance; share-issue proceeds are cash receipts and differ from issued-capital carrying values.
Cash proceeds from share issues
A$
Cash proceeds from issue of shares
AI-generated presentation · values from Consolidated cash-flow bridge; no missing values plotted as zero.
Consolidated cash-flow bridge
A$
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Exploration and evaluation payments, operating | Included in combined line | -1,680,038 | -744,598 | -2,342,196 | -4,013,747 |
| Payments to suppliers and employees | -1,206,305 | -1,106,205 | -1,331,074 | -761,173 | -1,551,674 |
| Interest received | 1 | 844 | 15,079 | 43,178 | 30,493 |
| Grant received | Not separately presented | 9,886 | Nil | Not separately presented | Not separately presented |
| Legal fee recovery | Not separately presented | Not separately presented | Not separately presented | Not separately presented | 250,000 |
| Miscellaneous recoveries | Not separately presented | Not separately presented | Not separately presented | 515 | 37,084 |
| Interest paid | Not separately presented | Not separately presented | Not separately presented | Not separately presented | -4,831 |
| Net cash used in operating activities | -1,206,304 | -2,775,513 | -2,060,594 | -3,059,676 | -5,252,675 |
| Exploration and evaluation payments, investing | -694,547 | Included in combined line | Included in combined line | Included in combined line | Included in combined line |
| Exploration and evaluation cash payments, combined across sections | -694,547 | -1,680,038 | -744,598 | -2,342,196 | -4,013,747 |
| Purchase of plant and equipment | Not separately presented | -8,000 | -5,837 | -39,899 | Nil |
| Proceeds from equity investment sales | 279,761 | 811,030 | Nil | Not separately presented | Not separately presented |
| Proceeds from sale of tenements | Not separately presented | Not separately presented | Not separately presented | Not separately presented | 100,000 |
| Net cash from/(used in) investing activities | -414,786 | 803,030 | -5,837 | -39,899 | 100,000 |
| Cash proceeds from issue of shares | 1,600,000 | 1,950,000 | 2,268,166 | 3,650,353 | 5,972,771 |
| Cash proceeds from conversion of options | Not separately presented | Nil | 10 | 829,092 | 74,556 |
| Share issue cash costs | Nil | -117,000 | -166,090 | -188,659 | -412,079 |
| Cash proceeds from borrowings | Not separately presented | Nil | 500,000 | Nil | Not separately presented |
| Right-of-use asset lease payments | Not separately presented | Not separately presented | Not separately presented | -22,643 | -26,429 |
| Net cash from financing activities | 1,600,000 | 1,833,000 | 2,602,086 | 4,268,143 | 5,608,819 |
| Net increase/(decrease) in cash | -21,090 | -139,483 | 535,655 | 1,168,568 | 456,144 |
| Cash at end of period | 375,221 | 235,738 | 771,393 | 1,939,961 | 2,396,105 |
FY2021 is as originally reported. FY2022 operating and investing columns use the FY2023 report's restated comparative after exploration payments moved from investing to operating. Financing cash is a separate source of liquidity.
FY2021 original investing subtotal is A$(414,786); the FY2022 report's 2021 comparative lists a different investing subtotal. The original current-year figure is retained and the discrepancy is not silently reconciled.
FY2025 legal recovery A$250,000 and miscellaneous recoveries A$37,084 are separate cash-flow lines. FY2025 tenement sale proceeds A$100,000 are investing cash, distinct from accounting gains.
The combined exploration-payment row follows one sourced cash line in each year: FY2021 investing, FY2022–FY2025 operating. Component rows remain visible and their other-section cells say Included in combined line; classification changes do not create nil payments.
Basis and presentation notes (39)
- Exploration and evaluation payments, operating / FY2021 — Included in combined line: The FY2021 exploration cash payment is in the exploration-investing component (DB-01a066e9-79c5-734b-aa27-61bedec35074-r0008-c02) and the comparable exploration-cash-combined row; no separate Exploration and evaluation payments, operating amount is asserted.
- Grant received / FY2021 — Not separately presented: Checked the selected FY2021 annual statement; this line was not separately presented on that statement basis.
- Grant received / FY2023 — Nil: Source line reports nil or a dash for this exact measure.
- Grant received / FY2024 — Not separately presented: Checked the selected FY2024 annual statement; this line was not separately presented on that statement basis.
- Grant received / FY2025 — Not separately presented: Checked the selected FY2025 annual statement; this line was not separately presented on that statement basis.
- Legal fee recovery / FY2021 — Not separately presented: Checked selected annual cash flow statement; no separate legal recovery line.
- Legal fee recovery / FY2022 — Not separately presented: Checked selected annual cash flow statement; no separate legal recovery line.
- Legal fee recovery / FY2023 — Not separately presented: Checked selected annual cash flow statement; no separate legal recovery line.
- Legal fee recovery / FY2024 — Not separately presented: Checked selected annual cash flow statement; no separate legal recovery line.
- Miscellaneous recoveries / FY2021 — Not separately presented: Checked selected annual cash flow statement; no separate miscellaneous recoveries line.
- Miscellaneous recoveries / FY2022 — Not separately presented: Checked selected annual cash flow statement; no separate miscellaneous recoveries line.
- Miscellaneous recoveries / FY2023 — Not separately presented: Checked selected annual cash flow statement; no separate miscellaneous recoveries line.
- Interest paid / FY2021 — Not separately presented: Checked the selected FY2021 annual statement; this line was not separately presented on that statement basis.
- Interest paid / FY2022 — Not separately presented: Checked the selected FY2022 annual statement; this line was not separately presented on that statement basis.
- Interest paid / FY2023 — Not separately presented: Checked the selected FY2023 annual statement; this line was not separately presented on that statement basis.
- Interest paid / FY2024 — Not separately presented: Checked the selected FY2024 annual statement; this line was not separately presented on that statement basis.
- Exploration and evaluation payments, investing / FY2022 — Included in combined line: The FY2022 exploration cash payment is in the exploration-operating component (DB-01a066ed-d0ce-70d2-9747-abfd17bb8af9-r0004-c03) and the comparable exploration-cash-combined row; no separate Exploration and evaluation payments, investing amount is asserted.
- Exploration and evaluation payments, investing / FY2023 — Included in combined line: The FY2023 exploration cash payment is in the exploration-operating component (R002333) and the comparable exploration-cash-combined row; no separate Exploration and evaluation payments, investing amount is asserted.
- Exploration and evaluation payments, investing / FY2024 — Included in combined line: The FY2024 exploration cash payment is in the exploration-operating component (R003484) and the comparable exploration-cash-combined row; no separate Exploration and evaluation payments, investing amount is asserted.
- Exploration and evaluation payments, investing / FY2025 — Included in combined line: The FY2025 exploration cash payment is in the exploration-operating component (R004504) and the comparable exploration-cash-combined row; no separate Exploration and evaluation payments, investing amount is asserted.
- Purchase of plant and equipment / FY2021 — Not separately presented: No plant purchase line in selected FY2021 cash flow; investing exploration payment is shown separately.
- Purchase of plant and equipment / FY2025 — Nil: Source line reports nil or a dash for this exact measure.
- Proceeds from equity investment sales / FY2023 — Nil: Source line reports nil or a dash for this exact measure.
- Proceeds from equity investment sales / FY2024 — Not separately presented: Checked the selected FY2024 annual statement; this line was not separately presented on that statement basis.
- Proceeds from equity investment sales / FY2025 — Not separately presented: Checked the selected FY2025 annual statement; this line was not separately presented on that statement basis.
- Proceeds from sale of tenements / FY2021 — Not separately presented: Checked the selected FY2021 annual statement; this line was not separately presented on that statement basis.
- Proceeds from sale of tenements / FY2022 — Not separately presented: Checked the selected FY2022 annual statement; this line was not separately presented on that statement basis.
- Proceeds from sale of tenements / FY2023 — Not separately presented: Checked the selected FY2023 annual statement; this line was not separately presented on that statement basis.
- Proceeds from sale of tenements / FY2024 — Not separately presented: Checked the selected FY2024 annual statement; this line was not separately presented on that statement basis.
- Cash proceeds from conversion of options / FY2021 — Not separately presented: Checked the selected FY2021 annual statement; this line was not separately presented on that statement basis.
- Cash proceeds from conversion of options / FY2022 — Nil: Dash in this exact source row is interpreted as nil for this reported line.
- Share issue cash costs / FY2021 — Nil: Source line reports nil or a dash for this exact measure.
- Cash proceeds from borrowings / FY2021 — Not separately presented: Checked the selected FY2021 annual statement; this line was not separately presented on that statement basis.
- Cash proceeds from borrowings / FY2022 — Nil: Dash in this exact source row is interpreted as nil for this reported line.
- Cash proceeds from borrowings / FY2024 — Nil: Source line reports nil or a dash for this exact measure.
- Cash proceeds from borrowings / FY2025 — Not separately presented: Checked the selected FY2025 annual statement; this line was not separately presented on that statement basis.
- Right-of-use asset lease payments / FY2021 — Not separately presented: Checked the selected FY2021 annual statement; this line was not separately presented on that statement basis.
- Right-of-use asset lease payments / FY2022 — Not separately presented: Checked the selected FY2022 annual statement; this line was not separately presented on that statement basis.
- Right-of-use asset lease payments / FY2023 — Not separately presented: FY2024 statement's FY2023 comparative lease-payment cell is blank, and the FY2023 current cash-flow statement has no separate lease-payment row; amount unknown, not nil.
Source: Cauldron Energy FY2021–FY2025 annual reports; original and selected restated comparative statement rows are identified in the evidence bundle.
FINANCIAL REVIEW / 04
Share capital and funding
The count of ordinary shares grew through new issues. The count is shown separately from monetary proceeds and the issued-capital balance to avoid mixing the three measures.
Ordinary shares at 30 June
shares
Ordinary shares at 30 June
AI-generated presentation · values from Ordinary shares on issue — physical share counts; no missing values plotted as zero.
FINANCIAL REVIEW / 05
Project milestones
The Manyingee South estimate was announced on 3 April 2025. It measures mineral resources under a stated cut-off and is not annual production or a financial-statement asset.
Manyingee South maiden resource and Yanrey total — announcement 3 April 2025
mixed units
| Metric | 3 Apr 2025 |
|---|---|
| Manyingee South resource massMt | 15.5 |
| Manyingee South gradeppm eU3O8 | 325 |
| Manyingee South contained eU3O8Mlb | 11.1 |
| Total Yanrey contained eU3O8 including Bennet WellMlb | 42 |
Issuer-reported JORC Mineral Resource Estimate at 100 ppm eU3O8 cut-off. The Yanrey total includes Bennet Well; these are project resource estimates, not production, revenue or a 30 June balance-sheet asset.
Source: Cauldron Energy FY2025 Annual Report, citing ASX announcement of 3 April 2025.
Reading the figures
- FY2023 retrospective exploration-policy restatement changes FY2021/FY2022 balance sheets and FY2022 income and cash-flow classifications; FY2021 income and cash flow remain original where used.
- The FY2021 original investing cash subtotal differs from a later comparative in the FY2022 report. The selected original current-year amount is preserved; the difference requires source reconciliation before any blended trend inference.
- FY2024 directors' narrative cites A$4,813,095 continuing loss, whereas the consolidated statement reports A$4,726,095. The report displays the statutory statement line and records the conflict.
- Selected annual statements do not separately present every component in every year; those cells remain unknown, not zero. The exploration cash-payment row combines the investing presentation in FY2021 with the operating presentation from FY2022, while both original components remain visible.
Annual-report source registry
- 2021 Annual ReportCauldron Energy Limited; year ended 2021-06-30; annual report dated 2021-10-29.
- 2022 Annual ReportCauldron Energy Limited; year ended 2022-06-30; annual report dated 2022-10-31.
- 2023 Annual ReportCauldron Energy Limited; year ended 2023-06-30; annual report dated 2023-10-30.
- Annual Report to shareholdersCauldron Energy Limited; year ended 2024-06-30; annual report dated 2024-10-25.
- Annual Report to shareholdersCauldron Energy Limited; year ended 2025-06-30; annual report dated 2025-10-14.
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.
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