FY2021
Henty acquisition
Catalyst settled the Henty acquisition in January 2021, entering gold production partway through the financial year.
ASX: CYL · Five-year financial review
Catalyst Metals Limited (ASX: CYL) - Five-Year Financial Review FY2021-FY2025
Five annual reporting years to 30 June 2025, in Australian dollars. Monetary tables are in A$000; mine physicals use the stated tonnes, ounces, grades and A$/oz. FY2025 discontinued-operations presentation creates a visible comparison break.
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 revenue, continuing
A$361.412m
Statutory continuing operations
FY2025 profit attributable
A$119.272m
Including discontinued Henty result
FY2025 operating cash
A$196.083m
Consolidated statutory cash flow
30 June 2025 cash
A$218.124m
Cash and cash equivalents; excludes bullion
Five years in context
Catalyst entered gold production with Henty in January 2021, then acquired the Plutonic business and Vango in FY2023. Plutonic became the main operating centre in FY2024. The May 2025 Henty disposal shifted the reported revenue and earnings boundary; FY2025 continuing and discontinued results are therefore separated below.
The group financed this transition with equity issues, borrowings and operating cash. FY2023 had a A$44.028m working-capital deficit; by FY2025 operating cash and the A$150m placement supported a larger cash balance. The statutory FY2025 balance sheet still includes hire-purchase borrowings, provisions and tax payable.
Events behind the numbers
FY2022
Henty operating year
Henty supplied a full year of mining activity while exploration continued.
FY2023
Plutonic and Vango transactions
The Superior Gold/Plutonic and Vango transactions enlarged the group and created a discontinuity in assets, debt and share count.
FY2024
First full Plutonic year
Plutonic produced 84,823 oz in its first full financial year under Catalyst, alongside a stronger operating cash result.
FY2025
Henty disposal and capital raising
Catalyst sold Henty in May 2025 and completed a A$150m placement; the annual statements separately show continuing and discontinued results.
FINANCIAL REVIEW / 01
Revenue and statutory earnings
Catalyst moved from a Henty-led result to a Plutonic-led result. The May 2025 Henty disposal changed the continuing-operations boundary: use the recast two-year table for a direct FY2024–FY2025 comparison.
Profit or loss attributable to owners
A$000
Profit/(loss) after tax attributable to owners, total operations
AI-generated presentation · values from Revenue and key statutory P&L lines, FY2021–FY2025; no missing values plotted as zero.
Revenue and key statutory P&L lines, FY2021–FY2025
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue (source-period presentation; FY2025 continuing)A$000 | 28,508.849 | 63,330.429 | 63,944 | 317,014 | 361,412 |
| Other incomeA$000 | 781.077 | 5,546.028 | 821 | 2,372 | 538 |
| Interest revenueA$000 | 88.535 | 58.486 | 171 | 549 | 1,906 |
| Cost of sales / mining and processing costs (source-period basis)A$000 | -13,738.002 | -30,945.076 | -28,323 | -258,018 | -211,338 |
| Profit/(loss) before income tax from continuing operationsA$000 | -102.441 | 2,091.498 | -15,599 | 25,337 | 110,478 |
| Income tax expenseA$000 | 0 (nil) | 0 (nil) | 0 (nil) | -1,779 | -18,112 |
| Profit/(loss) after tax attributable to owners, total operationsA$000 | -102.441 | 2,091.498 | -15,599 | 23,558 | 119,272 |
| Basic earnings/(loss) per sharecents per share | -0.1 | 2.13 | -12.64 | 10.69 | 52.27 |
| Diluted earnings/(loss) per sharecents per share | -0.1 | 2.12 | -12.64 | 10.48 | 50.12 |
FY2021–FY2024 rows follow each period’s annual report as originally presented. FY2025 separately presents continuing and discontinued operations after the Henty sale; the FY2025 revenue and pre-tax rows are continuing operations, while attributable profit is total operations.
The FY2025 annual report gives FY2024 continuing revenue A$241.951m and continuing profit after tax A$18.665m on the recast basis. Do not read the original FY2024 revenue A$317.014m as a like-for-like continuing comparator.
FY2024 Directors’ Report cites FY2023 comparative after-tax loss of A$15.628m after purchase price allocation finalisation, versus the FY2023 original A$15.599m displayed here; the two are not silently merged.
A$000 monetary values; FY2021–FY2022 whole-dollar source amounts are divided by 1,000. EPS remains cents per share.
Basis and presentation notes (3)
- Income tax expense / FY2021 — 0 (nil): nil
- Income tax expense / FY2022 — 0 (nil): nil
- Income tax expense / FY2023 — 0 (nil): nil
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Continuing and discontinued result on the FY2025 presentation basis
A$000
| Metric | FY2024 | FY2025 |
|---|---|---|
| Revenue, continuing operations | 241,951 | 361,412 |
| Cost of sales, continuing operations | -189,578 | -211,338 |
| Gross profit, continuing operations | 52,373 | 150,074 |
| Profit after tax, continuing operations | 18,665 | 92,366 |
| Profit after tax, discontinued operations | 4,893 | 26,906 |
FY2024 is the FY2025 report comparative after Henty was presented as discontinued; this is a separate basis from the original FY2024 annual statement above.
Source: Catalyst Metals FY2025 Consolidated Statement of Profit or Loss.
FINANCIAL REVIEW / 02
Assets, liquidity and liabilities
The balance sheet grew through the acquisitions and subsequent development. FY2025 cash and equity rose, while current legal-settlement provision and income tax payable became material. Statutory hire-purchase borrowing remained despite the issuer’s corporate “debt free” description.
Closing group net assets
A$000
Net assets / Total equity
AI-generated presentation · values from Group balance sheet summary (FY2021–FY2025) – statutory Consolidated Statement of Financial Position; no missing values plotted as zero.
Group balance sheet summary (FY2021–FY2025) – statutory Consolidated Statement of Financial Position
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total current assetsA$000 | 40,233.29 | 30,379.69 | 55,321 | 76,302 | 261,593 |
| Total non-current assetsA$000 | 42,332.038 | 49,159.116 | 260,102 | 264,179 | 390,342 |
| Total assetsA$000 | 82,565.328 | 79,538.806 | 315,423 | 340,481 | 651,935 |
| Total current liabilitiesA$000 | 24,487.338 | 17,255.843 | 99,349 | 89,879 | 124,070 |
| Total non-current liabilitiesA$000 | 3,932.739 | 4,562.687 | 44,301 | 48,622 | 57,134 |
| Total liabilitiesA$000 | 28,420.077 | 21,818.53 | 143,650 | 138,501 | 181,204 |
| Net assets / Total equityA$000 | 54,145.251 | 57,720.276 | 171,773 | 201,980 | 470,731 |
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Current asset build (FY2022–FY2024) – composition of working capital
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalentsA$000 | 33,518.541 | 18,242.571 | 28,791 | 30,895 | 218,124 |
| Trade and other receivablesA$000 | 2,826.154 | 3,431.293 | 5,539 | 7,487 | 8,563 |
| InventoriesA$000 | 3,898.595 | 5,705.826 | 17,801 | 29,779 | 25,381 |
| Other financial assets (current)A$000 | Restated only | 3,000 | 3,190 | 8,141 | 9,525 |
FY2021 uses the original FY2021 balance-sheet basis. FY2022 subsequently reclassified A$3m from cash to other financial assets in its restated FY2021 comparative; the restated component is identified but not mixed into the original FY2021 total.
Basis and presentation notes (1)
- Other financial assets (current) / FY2021 — Restated only: FY2021 original statement has no separate other-financial-assets row; FY2022 restated FY2021 comparative reclassified A$3m from cash. The report's FY2021 cash and current-asset total retain original FY2021 basis, so inserting A$3m here would double count the reclassification.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Non-current asset build (FY2022–FY2024) – mining and exploration capital base
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Property, plant and equipmentA$000 | 5,814.969 | 11,186.63 | 39,357 | 83,999 | 109,119 |
| Right-of-use assetsA$000 | 0 (nil) | 121.150 | 7,466 | 5,607 | 1,106 |
| Exploration and evaluationA$000 | 30,001.347 | 17,507.557 | 125,751 | 110,867 | 166,272 |
| Mining development assetsA$000 | 6,505.722 | 20,428.429 | 87,480 | 63,625 | 84,593 |
FY2022 right-of-use assets are a subcomponent already included in the FY2022 PPE total, not an additional asset. The PPE component table gives A$121,150; the same report's roll-forward assigns A$121,151, offset by a A$1 plant-and-equipment allocation difference. FY2021 comparative is nil.
Basis and presentation notes (1)
- Right-of-use assets / FY2021 — 0 (nil): FY2022 PPE note and restated FY2021 roll-forward explicitly show no right-of-use asset at 30 June 2021.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Borrowings composition (FY2022–FY2025) – statutory current and non-current interest-bearing liabilities
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total borrowings – current ($'000)A$000 | 802.595 | 1,509.281 | 23,195 | 10,347 | 8,697 |
| Total borrowings – non-current ($'000)A$000 | 0 (nil) | 0 (nil) | 2,517 | 9,994 | 5,798 |
| Total reported borrowingsA$000 | 802.595 | 1,509.281 | 25,712 | 20,341 | 14,495 |
| Convertible notes payable – current ($'000)A$000 | Not split | 0 (nil) | 11,346 | 0 (nil) | Not listed |
| Loan denominated in CAD – current ($'000)A$000 | Not split | 0 (nil) | 5,664 | 0 (nil) | Not listed |
| Other loans – current ($'000)A$000 | Not split | 1,509 | 2,439 | 3,655 | 910 |
| Hire purchase – current ($'000)A$000 | Not split | 0 (nil) | 3,746 | 6,692 | 7,787 |
| Hire purchase – non-current ($'000)A$000 | Not split | 0 (nil) | 2,517 | 9,994 | 5,798 |
Borrowings include equipment hire purchase. FY2025 management used “debt free” for the corporate funding position, while the statutory balance sheet still records A$14.495m of borrowings.
FY2023 and FY2024 loan categories differ; the component rows retain their source labels.
FY2022 current and total borrowings use the original FY2022 balance-sheet amount A$1,509,281, displayed as A$1,509.281 thousand. The FY2023 comparative rounds both to A$1,509 thousand and shows no non-current hire-purchase balance.
FY2021's A$802,595 current interest-bearing liability was insurance premium funding at 2.7%, repayable by October 2021 (R000115). The original statement did not split this amount into the later loan and hire-purchase categories. FY2023's Other Loans includes insurance premium funding (R001856), but that category is not backcast; FY2021 non-current interest-bearing borrowings were nil and non-current lease liabilities were separate.
Basis and presentation notes (15)
- Total borrowings – non-current ($'000) / FY2021 — 0 (nil): FY2021 balance sheet places all A$802,595 interest-bearing liabilities in current liabilities; maturity disclosure places the same amount within one year. The separate non-current liability shown is a lease liability.
- Total borrowings – non-current ($'000) / FY2022 — 0 (nil): The FY2023 borrowing-table FY2022 comparative shows nil non-current hire purchase and total borrowings equal current borrowings; FY2022 longer-maturity interest-bearing liabilities are also a source-supported dash.
- Convertible notes payable – current ($'000) / FY2021 — Not split: FY2021's A$802,595 current interest-bearing balance was insurance premium funding at 2.7%, repayable by October 2021. The original FY2021 presentation did not split it into the later convertible-note category.
- Convertible notes payable – current ($'000) / FY2022 — 0 (nil): Source row reports a dash or nil.
- Convertible notes payable – current ($'000) / FY2024 — 0 (nil): Nil (dash).
- Convertible notes payable – current ($'000) / FY2025 — Not listed: The FY2025 Note 21 borrowings composition lists only other loans and hire purchase; this older loan category is not a separate FY2025 balance.
- Loan denominated in CAD – current ($'000) / FY2021 — Not split: FY2021's A$802,595 current interest-bearing balance was insurance premium funding at 2.7%, repayable by October 2021. The original FY2021 presentation did not split it into the later CAD-loan category.
- Loan denominated in CAD – current ($'000) / FY2022 — 0 (nil): Source row reports a dash or nil.
- Loan denominated in CAD – current ($'000) / FY2024 — 0 (nil): Nil balance by reclassification, not by repayment — FY2024 Note 41 records Loan transferred to Gold Loan of $5,664 (R003691) into Deferred revenue – Gold Loan.
- Loan denominated in CAD – current ($'000) / FY2025 — Not listed: The FY2025 Note 21 borrowings composition lists only other loans and hire purchase; this older loan category is not a separate FY2025 balance.
- Other loans – current ($'000) / FY2021 — Not split: FY2021's A$802,595 current interest-bearing balance was insurance premium funding. FY2023 says its later Other Loans category includes insurance premium funding, but the original FY2021 amount was not reported under that later label, so no retrospective category amount is assigned.
- Hire purchase – current ($'000) / FY2021 — Not split: FY2021's A$802,595 current interest-bearing balance was identified as insurance premium funding. The original FY2021 presentation did not split out a current hire-purchase amount under the later category.
- Hire purchase – current ($'000) / FY2022 — 0 (nil): Source row reports a dash or nil.
- Hire purchase – non-current ($'000) / FY2021 — Not split: FY2021's current interest-bearing balance was insurance premium funding. No separate non-current hire-purchase amount is presented; the non-current lease liability is a distinct reported classification.
- Hire purchase – non-current ($'000) / FY2022 — 0 (nil): Source row reports a dash or nil.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Selected liabilities and provisions at 30 June 2024 and 2025
A$000
| Metric | FY2024 | FY2025 |
|---|---|---|
| Trade and other payables, current | 53,802 | 65,714 |
| Income tax payable, current | 0 (nil) | 22,144 |
| Provisions, current | 800 | 16,800 |
| Provisions, non-current | 35,474 | 43,609 |
| Deferred revenue, current | 8,188 | 1,634 |
FY2025 current provisions include A$16.000m legal settlement and A$0.800m deferred consideration. Non-current provisions are rehabilitation.
Current income tax payable emerged alongside FY2025 taxable profit; do not treat it as the tax expense.
Basis and presentation notes (1)
- Income tax payable, current / FY2024 — 0 (nil): Source statement shows a dash for this liability.
Source: Catalyst Metals FY2025 consolidated balance sheet and Note 24.
FINANCIAL REVIEW / 03
Cash generation, investment and financing
Operating cash increased as Plutonic contributed a full year, while mine and exploration investment continued. FY2025 investing cash includes acquisition and disposal components, and the May placement was a financing inflow rather than revenue.
Net operating cash flow
A$000
Net cash from operating activities
AI-generated presentation · values from Operating activities – receipts, payments and net cash; no missing values plotted as zero.
Operating activities – receipts, payments and net cash
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Receipts from customers / suppliers (incl. GST from FY2023)A$000 | 29,825.353 | 63,632.509 | 64,000 | 317,468 | 450,730 |
| Payments to suppliers, contractors and employees (incl. GST from FY2023)A$000 | -16,917.625 | -54,991.164 | -56,305 | -244,597 | -252,088 |
| Payments for exploration and evaluation (operating classification)A$000 | -4,223.995 | -2,254.482 | -67 | -1,332 | -2,311 |
| Other income (operating cash flow)A$000 | 342.158 | 391.976 | 172 | 143 | 441 |
| Interest receivedA$000 | 88.535 | 58.486 | 171 | 549 | 2,220 |
| Research and development tax offsets receivedA$000 | 438.919 | 154.052 | 0 (nil) | Not separate | Not separate |
| Interest and other finance costs paidA$000 | Not separate | 0 (nil) | -112 | -1,525 | -2,909 |
| Net cash from operating activitiesA$000 | 9,553.345 | 6,991.377 | 7,859 | 70,706 | 196,083 |
Operating receipts and payments are cash flows; revenue and cost of sales are accrual results. Source wording and GST inclusions changed; see row qualifiers.
FY2021–FY2022 whole-dollar records are displayed in A$000 alongside FY2023–FY2025 records already stated in thousands.
Basis and presentation notes (5)
- Research and development tax offsets received / FY2023 — 0 (nil): Source row reports a dash or nil.
- Research and development tax offsets received / FY2024 — Not separate: The selected annual cash-flow line set does not present a separate R&D offset in this year; no zero is inferred.
- Research and development tax offsets received / FY2025 — Not separate: The selected annual cash-flow line set does not present a separate R&D offset in this year; no zero is inferred.
- Interest and other finance costs paid / FY2021 — Not separate: FY2021 operating cash-flow statement has no separately labelled finance-costs-paid line. This describes presentation, not a zero cash payment.
- Interest and other finance costs paid / FY2022 — 0 (nil): FY2023 statement explicitly shows a dash for interest and other finance costs paid in its FY2022 comparative.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Investing activities – capex, exploration, acquisitions and disposals
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Payments for property, plant and equipment (capex)A$000 | -3,429.024 | -1,241.172 | -3,768 | -13,168 | -61,656 |
| Payments for mine development assetsA$000 | -4,461.057 | -8,535.02 | -14,488 | -9,254 | -21,620 |
| Exploration/evaluation investing cash (FY2025 includes acquisition)A$000 | -5,884.621 | -5,816.312 | -6,950 | -10,321 | -76,309 |
| Acquisition-related net cash flow (signed)A$000 | -5,444.682 | -5,205 | 8,259 | 0 (nil) | Included in combined line |
| Payments for security depositsA$000 | Restated only | 0 (nil) | Not separate | -4,984 | -4,794 |
| Proceeds from disposal of property, plant and equipment / businessA$000 | Not separate | 0 (nil) | 650 | 0 (nil) | 17,232 |
| Net cash used in investing activitiesA$000 | -19,219.384 | -20,797.504 | -16,889 | -37,727 | -141,464 |
Cash payments are period flows, not closing PP&E, exploration or mine development assets.
FY2024 PP&E investing payments differ between the FY2024 original statement and the FY2025 comparative (A$13.168m versus A$30.730m). The table retains the FY2024 original and flags this classification change; do not calculate a like-for-like PP&E cash trend across that break.
The FY2025 investing line combines exploration/evaluation and acquisition payments. It must not be presented as pure exploration capital.
Acquisition-related amounts change direction and meaning: FY2021–FY2022 are purchase payments, while FY2023 is positive net cash acquired with subsidiaries. The FY2025 combined exploration/acquisition payment remains in its own line.
The FY2022 restated FY2021 comparative identifies a A$3m security-deposit outflow associated with a cash reclassification. FY2021 investing lines and net cash shown here retain the original FY2021 statement basis; the restated payment is identified without adding it to that original-basis subtotal.
FY2025 acquisition payments are included in the single exploration/evaluation-and-acquisition investing outflow (R004278); the separate acquisition row identifies that combined presentation without repeating its value.
Basis and presentation notes (8)
- Acquisition-related net cash flow (signed) / FY2024 — 0 (nil): Source row reports a dash or nil.
- Acquisition-related net cash flow (signed) / FY2025 — Included in combined line: FY2025 R004278 combines exploration/evaluation and acquisition payments in the reported A$76.309m investing line above; a separate acquisition amount cannot be extracted without double counting.
- Payments for security deposits / FY2021 — Restated only: FY2022 restated FY2021 comparative shows A$3m security-deposit payment and cash reclassification. The original FY2021 investing statement and subtotal used here do not show that separate line, so the restated outflow is not inserted into the original-basis subtotal.
- Payments for security deposits / FY2022 — 0 (nil): Source row reports a dash or nil.
- Payments for security deposits / FY2023 — Not separate: FY2023 investing statement has no separate security-deposit payment line; no nil amount is inferred.
- Proceeds from disposal of property, plant and equipment / business / FY2021 — Not separate: FY2021 investing statement has no separate proceeds-from-disposal line; no nil amount is inferred.
- Proceeds from disposal of property, plant and equipment / business / FY2022 — 0 (nil): FY2023 investing statement explicitly shows a dash for FY2022 comparative proceeds from PP&E disposal.
- Proceeds from disposal of property, plant and equipment / business / FY2024 — 0 (nil): Source row reports a dash or nil.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
FY2025 investing statement with FY2024 recast comparative
A$000
| Metric | FY2024 | FY2025 |
|---|---|---|
| PP&E cash payments | -30,730 | -61,656 |
| Exploration/evaluation and acquisition cash payments | -10,321 | -76,309 |
| Security deposits paid | -4,984 | -4,794 |
| Mine development cash payments | -9,254 | -21,620 |
| Business disposal proceeds, net | 0 (nil) | 17,232 |
| PP&E disposal proceeds | 0 (nil) | 1,315 |
| Security deposits released | 0 (nil) | 4,368 |
| Net investing cash | -55,289 | -141,464 |
The FY2025 report presents FY2024 PP&E payments of A$30.730m and net investing outflow of A$55.289m, versus A$13.168m and A$37.727m in the original FY2024 annual report. Both views are retained on their labelled bases.
Business-disposal proceeds and PP&E proceeds are separate cash flows; the Henty share consideration is not a cash proceed.
Basis and presentation notes (3)
- Business disposal proceeds, net / FY2024 — 0 (nil): Source table shows a dash for this row.
- PP&E disposal proceeds / FY2024 — 0 (nil): Source table shows a dash for this row.
- Security deposits released / FY2024 — 0 (nil): Source table shows a dash for this row.
Source: Catalyst Metals FY2025 consolidated cash-flow statement.
Financing flows and net change in cash
A$000 unless a row specifies otherwise
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Proceeds from issue of shares and other equity securitiesA$000 | 25,081.781 | 1.041 | 21,600 | 0 (nil) | 150,000 |
| Share issue transaction costs / expensesA$000 | -719.208 | 0 (nil) | -1,378 | 0 (nil) | -7,756 |
| Proceeds from borrowingsA$000 | 802.595 | 0 (nil) | 3,730 | 8,428 | 6,865 |
| Borrowings repayment line (FY2022 source shows positive amount)A$000 | Proceeds as reported | 706.671 | -3,212 | -37,783 | -17,692 |
| Repayment of lease liabilitiesA$000 | 0 (nil) | -477.028 | -631 | -2,133 | -559 |
| Net joint venture exploration advances (received less expended)A$000 | -316.108 | 1,299.473 | -531 | 646 | 162 |
| Joint venture exploration advances receivedA$000 | 5,614.506 | 9,019.797 | Included in combined line | 1,780 | 2,786 |
| Joint venture exploration advances expendedA$000 | -5,930.614 | -7,720.324 | Included in combined line | -1,134 | -2,624 |
| Net cash from / (used in) financing activitiesA$000 | 24,849.06 | 1,530.157 | 19,578 | -30,842 | 132,558 |
| Effects of exchange rate changes on cashA$000 | Not separate | Not separate | 0 (nil) | -33 | 52 |
| Net increase / (decrease) in cash and cash equivalentsA$000 | 15,183.021 | -12,275.97 | 10,548 | 2,137 | 187,177 |
| Cash and cash equivalents at beginning of yearA$000 | 18,335.52 | 30,518.541 | 18,243 | 28,791 | 30,895 |
| Cash and cash equivalents at end of yearA$000 | 33,518.541 | 18,242.571 | 28,791 | 30,895 | 218,124 |
The year-end cash bridge reconciles operating, investing and financing activity with exchange movements. Named JV advances and borrowing repayments are retained.
FY2025 share proceeds include the A$150m May placement; proceeds and share issue costs are separate cash lines.
The FY2022 annual cash-flow table labels a positive A$0.707m line “Repayment of borrowings”; the sign and subtotal agree, but the label conflicts with the cash direction. It is retained as reported and not recast as a negative repayment. FY2021 closing cash differs from the FY2022 restated opening comparative by A$3m, associated with security-deposit reclassification.
FY2023 presents JV exploration advances as one A$531 thousand net outflow, without separate receipts and spending. FY2021's A$802,595 positive borrowing flow is labelled proceeds in its original statement but repayment in the FY2022 comparative; it is shown once on the original basis.
Net JV advances combine the signed receipts and spending rows in FY2021, FY2022, FY2024 and FY2025; FY2023 is the directly reported net A$531 thousand outflow (R002152). The FY2023 gross cells are marked Included in combined line and are not zero.
Basis and presentation notes (11)
- Proceeds from issue of shares and other equity securities / FY2024 — 0 (nil): Source row reports a dash or nil.
- Share issue transaction costs / expenses / FY2022 — 0 (nil): Source row reports a dash or nil.
- Share issue transaction costs / expenses / FY2024 — 0 (nil): Source row reports a dash or nil.
- Proceeds from borrowings / FY2022 — 0 (nil): FY2023 financing statement explicitly shows a dash for FY2022 borrowing proceeds. FY2022 has a separately labelled positive repayment line; its anomalous label/sign is retained as reported.
- Borrowings repayment line (FY2022 source shows positive amount) / FY2021 — Proceeds as reported: FY2021 original financing statement labels A$802,595 as borrowing proceeds; FY2022 comparative relabels that same positive flow repayment. The original-year flow remains in proceeds and is not duplicated as repayment.
- Repayment of lease liabilities / FY2021 — 0 (nil): FY2022 financing statement displays a dash for restated FY2021 lease payments.
- Joint venture exploration advances received / FY2023 — Included in combined line: FY2023 R002152 reports one A$531 thousand net JV advances outflow; gross received and expended components cannot be separated, and the amount is shown in the new comparable net row.
- Joint venture exploration advances expended / FY2023 — Included in combined line: FY2023 R002152 reports one A$531 thousand net JV advances outflow; gross received and expended components cannot be separated, and the amount is shown in the new comparable net row.
- Effects of exchange rate changes on cash / FY2021 — Not separate: FY2021 cash-flow statement does not present a separate exchange-effect line; no zero is inferred.
- Effects of exchange rate changes on cash / FY2022 — Not separate: FY2022 cash-flow statement does not present a separate exchange-effect line; no zero is inferred.
- Effects of exchange rate changes on cash / FY2023 — 0 (nil): FY2024 cash-flow statement explicitly shows a dash for FY2023 comparative exchange effects on cash.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
FINANCIAL REVIEW / 04
Shareholder capital and distributions
No dividends were paid or declared in the source periods reviewed. Equity issuance funded acquisitions and the FY2025 placement; noncash acquisition scrip must be distinguished from cash share proceeds.
Ordinary shares at each 30 June
shares
Ordinary shares – fully paid
AI-generated presentation · values from Ordinary fully paid shares on issue and listed options; no missing values plotted as zero.
Dividends declared or recommended
Units as labelled
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Dividends paid, recommended or declaredAUD | 0 (nil) | 0 (nil) | 0 (nil) | 0 (nil) | 0 (nil) |
Basis and presentation notes (5)
- Dividends paid, recommended or declared / FY2021 — 0 (nil): No dividend was paid during the financial year ended 30 June 2021, and none is recommended.
- Dividends paid, recommended or declared / FY2022 — 0 (nil): No dividend was paid during or recommended for the financial year ended 30 June 2022.
- Dividends paid, recommended or declared / FY2023 — 0 (nil): No dividends were paid, recommended or declared during the current or previous financial year.
- Dividends paid, recommended or declared / FY2024 — 0 (nil): There were no dividends paid, recommended or declared during the current or previous financial year.
- Dividends paid, recommended or declared / FY2025 — 0 (nil): In May 2025 Catalyst divested the Henty Gold Mine to Kaiser Reef Limited, becoming Kaiser's largest shareholder with a 19.99% shareholding; no dividends were paid or declared in the year.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
FINANCIAL REVIEW / 05
Mining activity and gold inventory
Plutonic production and realised price provide the operating setting for the earnings rise. Henty physicals are shown only for ownership periods, and the resource snapshots cross the Henty divestment boundary.
Plutonic gold produced
oz
Plutonic — Gold produced
AI-generated presentation · values from Mining physicals by operation (annual, as disclosed); no missing values plotted as zero.
Mining physicals by operation (annual, as disclosed)
Units as labelled
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Henty — Gold produced (ownership-period measure)oz | 11,677 | 25,199 | 23,051 | 24,962 | 21,634 |
| Henty — Gold sold (ownership-period measure)oz | Not available in checked reports | 24,771 | 23,279 | 24,177 | 21,530 |
| Plutonic — Gold producedoz | Not applicable | Not applicable | Not separate | 84,823 | 86,384 |
| Plutonic — Gold soldoz | Not applicable | Not applicable | Not separate | 81,121 | 85,506 |
| Plutonic realised gold price$/oz | Not applicable | Not applicable | Not separate | 2,993 | 4,249 |
| Plutonic — AISC$/oz | Not applicable | Not applicable | Not separate | 2,461 | 2,317 |
Plutonic operated throughout FY2024–FY2025 under Catalyst ownership. Henty FY2021 began with the January acquisition and FY2025 ended with the May disposal, so these are unequal ownership periods.
AISC is an issuer-disclosed non-IFRS operating measure, not the statutory cost-of-sales line. Gold price is per ounce sold.
FY2023 Plutonic ownership began on 29 June 2023 (R001733). FY2023 claims identify the selected production, sales, realised price and AISC values as Henty's (R001730, R001731); no separate Plutonic ownership-period scalar is resolved in the selected evidence. FY2021 Henty gold sold is not available after the final parsed-body check; FY2022 sales are not assigned to FY2021.
FY2021 source wording differs: the general operating review reports revenue of $28.5 million and 5 months 12 days; the Henty subsection reports $28.3 million and 5 months 11 days. The consolidated statement reports revenue from continuing operations of A$28,508,849. Both narrative figures are preserved as source wording; no unexplained adjustment between them or sales-volume calculation is asserted.
Basis and presentation notes (13)
- Henty — Gold sold (ownership-period measure) / FY2021 — Not available in checked reports: The FY2021 parsed operating review reports 11,677 ounces produced for 20 January–30 June 2021 and revenue, but no corresponding ownership-period ounces sold was established. Production and revenue are not converted into a sales-volume estimate. Final search closed on 28 September 2026; this is a limit of the checked parsed reports, not proof of issuer non-disclosure and not a zero.
- Plutonic — Gold produced / FY2021 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2021 operation was outside group ownership.
- Plutonic — Gold produced / FY2022 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2022 operation was outside group ownership.
- Plutonic — Gold produced / FY2023 — Not separate: Catalyst acquired Plutonic on 29 June 2023. The FY2023 claim explicitly identifies the selected 23,051oz annual production as Henty's; no separate Plutonic ownership-period production scalar is resolved in the selected evidence.
- Plutonic — Gold sold / FY2021 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2021 operation was outside group ownership.
- Plutonic — Gold sold / FY2022 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2022 operation was outside group ownership.
- Plutonic — Gold sold / FY2023 — Not separate: Catalyst acquired Plutonic on 29 June 2023. The FY2023 claim explicitly identifies the selected 23,279oz annual sales as Henty's; no separate Plutonic ownership-period sales scalar is resolved in the selected evidence.
- Plutonic realised gold price / FY2021 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2021 operation was outside group ownership.
- Plutonic realised gold price / FY2022 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2022 operation was outside group ownership.
- Plutonic realised gold price / FY2023 — Not separate: Catalyst acquired Plutonic on 29 June 2023. The FY2023 claim explicitly identifies the selected A$2,710/oz realised price as Henty's; no separate Plutonic ownership-period price is resolved in the selected evidence.
- Plutonic — AISC / FY2021 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2021 operation was outside group ownership.
- Plutonic — AISC / FY2022 — Not applicable: Catalyst acquired Plutonic on 29 June 2023 (R001733); the FY2022 operation was outside group ownership.
- Plutonic — AISC / FY2023 — Not separate: Catalyst acquired Plutonic on 29 June 2023. The FY2023 claim explicitly identifies the selected A$2,576/oz AISC as Henty's; no separate Plutonic ownership-period AISC is resolved in the selected evidence.
Source: Catalyst Metals annual reports FY2021–FY2025; exact source identities and rows in the evidence ledger.
Group Mineral Resources and Ore Reserves, disclosed FY2024 and FY2025 snapshots
Tonnes, grade and gold ounces as labelled
| Metric | FY2024 | FY2025 |
|---|---|---|
| Group Total Mineral Resource — TonnesMt | 38 | 41.5 |
| Group Total Mineral Resource — Gradeg/t Au | 2.9 | 3.2 |
| Group Total Mineral Resource — Ounceskoz | 3,473 | 4,240 |
| Group Total Ore Reserve — TonnesMt | 10.6 | 18.112 |
| Group Total Ore Reserve — Gradeg/t Au | 3 | 2.6 |
| Group Total Ore Reserve — Ounceskoz | 1,015 | 1,542 |
FY2024 group total Mineral Resources include Henty; FY2025 follows its disposal. This ownership boundary prevents a like-for-like resource growth inference.
FY2025 Ore Reserve is the Group Total Probable category; no Proven component is reported in the selected row.
FY2024 Ore Reserve amounts are transcribed from the issuer’s dated 30 June 2024 statement (R003009); FY2025 tonnes are converted from reported kt to Mt for a consistent row unit.
Source: Catalyst Metals FY2024 and FY2025 annual-report resource statements; see evidence ledger.
Reading the figures
- The frozen annual extraction and selected tables are supplemented by the authorised 28 September 2026 read-only parsed-body check. No PDF was downloaded or reparsed.
- FY2021 Henty ounces sold is not available from the checked parsed annual-report evidence. Production and revenue remain available; no sales volume is estimated from them. This is a closed availability limit, not a zero.
- FY2024 and FY2025 resource totals cross the Henty ownership boundary. FY2024 Ore Reserve tonnes, grade and ounces are populated from the issuer's dated 30 June 2024 statement (R003009); comparisons retain the ownership qualification.
- Final targeted check: existing parsed annual-report DB evidence was read on 28 September 2026. Not available in checked reports is a closed data-availability limit, never a numeric zero. Only the previously held cells and their directly related notes were changed; this is not a new full-report audit or publication approval.
- FY2021 source wording differs: the general operating review reports revenue of $28.5 million and 5 months 12 days; the Henty subsection reports $28.3 million and 5 months 11 days. The consolidated statement reports revenue from continuing operations of A$28,508,849. Both narrative figures are preserved as source wording; no unexplained adjustment between them or sales-volume calculation is asserted.
Annual-report source registry
- Catalyst Metals 2021 annual reportIssuer annual report; balance date 2021-06-30; document date 2021-09-30.
- Catalyst Metals 2022 annual reportIssuer annual report; balance date 2022-06-30; document date 2022-10-03.
- Catalyst Metals 2023 annual reportIssuer annual report; balance date 2023-06-30; document date 2023-10-13.
- Catalyst Metals 2024 annual reportIssuer annual report; balance date 2024-06-30; document date 2024-10-11.
- Annual Report to shareholdersIssuer annual report; balance date 2025-06-30; document date 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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AI-led method
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