FY2022
Cash funded preparation
Net financing exceeded operating and investing outflows, supporting the pre-merger cash base.
ASX: DYL · Five-year financial review
(ASX: DYL) Deep Yellow Financial Review - FY2022~26
Deep Yellow’s FY2022-FY2026 record moves from a smaller explorer to a larger uranium-development group after the Vimy acquisition. Strong financing, deposit movements and impairment reversals explain the accounts more directly than any assumption of current uranium production.
Reading the figures: Units are stated above each table or beside the metric. Brackets denote negative amounts. Supported nil is shown as zero; unlike reporting bases remain separately labelled.
FY2026 cash
A$159.634m
Cash and equivalents only.
Profit
A$13.332m
Includes impairment reversal.
Tumas construction
A$142.256m
Accounting carrying amount.
FID status
Not yet made
As described in FY2026 report.
Five years in context
The August 2022 Vimy acquisition added Australian projects and a substantial asset base. It was accounted for as an asset acquisition using shares, so the jump in assets is not simply five years of cash exploration spending.
At the FY2026 report date Tumas still had no final investment decision. Engineering and early works progress is development activity, not evidence that future study production or revenue has already been achieved.
Events behind the numbers
FY2023
Vimy expands the group
The August transaction adds Mulga Rock and Alligator River; comparability of the asset base changes.
FY2024
Large financing and deposit allocation
A major financing inflow supported the cash balance, with A$80m separately invested in term deposits.
FY2025
Tumas moves into construction assets
Exploration assets were reclassified and earlier impairment reversed. Term deposits matured back into cash.
FY2026
Development proceeds before FID
Early works and engineering advanced while FID remained conditional. Omahola impairment was reversed.
FINANCIAL REVIEW / 01
A larger balance sheet with a development boundary
The cash balance fell in FY2026 as investment outflows exceeded new financing. The enlarged exploration and construction base should not be read as immediately available cash or as a market valuation.
Closing cash
A$ million
Cash and equivalents
AI-generated presentation · values from Group cash and capital; no missing values plotted as zero.
Assets and equity
A$ million
Total assetsTotal equity
AI-generated presentation · values from Group cash and capital; no missing values plotted as zero.
Group cash and capital
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cash and equivalents | 64.924 | 40.770 | 177.503 | 217.369 | 159.634 |
| Total assets | 120.916 | 391.668 | 625.079 | 645.869 | 679.203 |
| Total equity | 115.177 | 374.642 | 614.636 | 633.183 | 660.845 |
FY2022 equity uses the FY2023 comparative A$115.177m rather than the conflicting original extraction A$115.117m. The Vimy acquisition materially changes the group from FY2023.
Cash equivalents exclude the separate A$80m term-deposit investment in FY2024. Its maturity in FY2025 changes cash classification, not total wealth by itself.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Deposit maturity is not operating revenue
FY2025 positive investing cash is strongly affected by the A$80m deposit return, while interest receipts supported positive operating cash. In FY2026 operating cash was negative despite a positive statutory profit.
Profit and operating cash
A$ million
Profit / (loss) after taxNet operating cash flow
AI-generated presentation · values from Group result and operating cash; no missing values plotted as zero.
Financing and investing cash
A$ million
Net financing cash flowNet investing cash flow
AI-generated presentation · values from Investing and financing cash; no missing values plotted as zero.
Group result and operating cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Profit / (loss) after tax | (6.825) | (10.116) | (10.636) | 7.157 | 13.332 |
| Net operating cash flow | (3.741) | (5.230) | (3.583) | 4.604 | (4.022) |
Group result includes impairment reversals in FY2025-FY2026; it is not uranium-production profit.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Investing and financing cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Net investing cash flow | (8.610) | (18.042) | (102.004) | 33.503 | (59.428) |
| Net financing cash flow | 24.869 | (0.226) | 242.280 | 1.481 | 4.882 |
FY2024 includes A$80m placed into term deposits; FY2025 includes A$80m returned. Neither flow is mine revenue. Foreign-exchange movements also affect cash.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Reversals and reclassification explain accounting growth
FY2025 Tumas and FY2026 Omahola reversals are separate accounting events. The Tumas construction balance also reflects a transfer from exploration; counting both as new investment would double count that transfer.
Recent impairment reversals
A$ million
Reversal of exploration impairment
AI-generated presentation · values from Recent income components; no missing values plotted as zero.
Exploration and Tumas construction assets
A$ million
Exploration and evaluation assetsTumas assets under construction
AI-generated presentation · values from Exploration and construction carrying values; no missing values plotted as zero.
Recent income components
A$ million
| Metric | FY2025 | FY2026 |
|---|---|---|
| Interest and other income | 11.591 | 7.427 |
| Reversal of exploration impairment | 11.244 | 25.209 |
| Exploration impairment expense | (0.074) | (0.056) |
Reversals are non-cash accounting income. Interest and other income is an accrual measure and differs from cash interest received.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Exploration and construction carrying values
A$ million
| Metric | FY2025 | FY2026 |
|---|---|---|
| Exploration and evaluation assets | 325.975 | 364.775 |
| Tumas assets under construction | 89.755 | 142.256 |
FY2025 included an A$72.122m transfer from exploration into construction. The transfer is not new expenditure or a cash receipt. Carrying values are not project NPV.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- FY2022 equity differs by A$60,000 between stored extracts; the later consolidated comparative is selected and the discrepancy preserved.
- Engineering, FID timing and future output remain issuer project statements, not realised financial results.
- July-September 2026 contracts, shareholding arrangements and Cooper Creek completion are subsequent events and are not moved into June balance-date ownership or cash.
- 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
- Deep Yellow - 2022 Annual Report and Full Year Financial StatementsExisting annual extraction, including separately identified historical comparatives.
- Deep Yellow - 2023 Annual Report and Full Year Financial StatementsExisting annual extraction, including separately identified historical comparatives.
- Deep Yellow - 2024 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Deep Yellow - 2025 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Deep Yellow - 2026 Annual ReportExisting annual extraction, including separately identified historical comparatives.
Prepared solely from the existing year-by-year extraction datasets. No raw annual-report body, PDF, new database lookup or financial web research was used. Review is against those stored extractions, not a new independent original-document audit.
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