FY2022
IPO and listing
The A$7m gross IPO underpinned the first listed-year cash balance; net financing is lower after related cash costs.
ASX: E79 · Five-year financial review
(ASX: E79) E79 Gold Mines Financial Review - FY2022~26
E79 Gold’s FY2022-FY2026 financial history runs from its IPO-funded exploration programme to the acquisition of a 90% interest in Cue Metals. Tables distinguish cash spending from acquired project carrying values, and group losses from the minority interest introduced in the latest year.
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$2.447m
Consolidated cash balance.
Group loss
A$2.442m
Includes NCI.
Net financing
A$2.925m
Annual cash inflow.
Cue ownership
90%
Remaining 10% has free-carry terms.
Five years in context
The company listed in October 2021 after a A$7m IPO. Subsequent exploration consumed cash, while later funding supported new projects and replenished part of the cash base.
Cue Metals was acquired in December 2025 as an asset acquisition rather than a business combination. E79 owns 90%; the remaining interest is free-carried to the specified feasibility milestone.
Events behind the numbers
FY2023
Exploration spending increases
Exploration expense and operating cash outflow increased, reducing cash.
FY2024
Further cash use
Operating and investing outflows exceeded financing; cash closed near A$2.1m.
FY2025
Cash broadly stabilises
Funding approximately matched annual operating and investing outflows.
FY2026
Cue acquired with minority ownership retained
The 90% acquisition added carried project costs and non-controlling interests. The later August milestone is not a June share issue.
FINANCIAL REVIEW / 01
Assets grow through acquisition, not operating profit
The latest acquisition-cost balance is larger while cash rises only modestly. Share consideration and deferred terms help explain why growth in project carrying value is not the same as cash paid.
Closing cash
A$ million
Cash and equivalents
AI-generated presentation · values from Cash and accounting capital; no missing values plotted as zero.
Group assets and equity
A$ million
Total assetsTotal equity including NCI
AI-generated presentation · values from Cash and accounting capital; no missing values plotted as zero.
Cash and accounting capital
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cash and equivalents | 6.891 | 4.500 | 2.089 | 2.110 | 2.447 |
| Total assets | 10.456 | 8.409 | 5.883 | 5.915 | 7.785 |
| Total equity including NCI | 10.079 | 7.626 | 5.683 | 5.600 | 7.588 |
FY2026 equity includes the non-controlling interest in Cue Metals. Assets and equity are not available cash or a mineral valuation.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Operating cash carries the exploration programme
Under the stated policy, ongoing exploration is expensed and classified in operating cash flow. A low investing outflow therefore does not imply little exploration work.
Loss and operating cash
A$ million
Loss after tax, total groupNet operating cash flow
AI-generated presentation · values from Annual loss and operating cash; no missing values plotted as zero.
Financing and investing
A$ million
Net financing cash flowNet investing cash flow
AI-generated presentation · values from Investing and financing cash; no missing values plotted as zero.
Annual loss and operating cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Loss after tax, total group | (2.328) | (4.057) | (2.737) | (1.862) | (2.442) |
| Net operating cash flow | (1.825) | (3.354) | (3.005) | (1.647) | (2.417) |
The FY2026 result includes non-controlling interests; it is not the parent-attributable EPS numerator. Exploration incurred is expensed and included in operating cash flows.
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 | (0.241) | (0.319) | (0.105) | (0.007) | (0.171) |
| Net financing cash flow | 6.280 | 1.282 | 0.698 | 1.675 | 2.925 |
FY2022 investing is an outflow despite the summary label provided. Foreign-exchange movements also affect early closing cash.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Keep acquisition assets separate from current costs
Acquired exploration rights are capitalised subject to recoverability, while ongoing work is expensed. The going-concern disclosure explicitly depends on further financing; this is not resolved merely by the higher accounting asset balance.
Exploration costs and acquired asset balance
A$ million
Exploration expense, cost magnitudeCapitalised exploration acquisition costs
AI-generated presentation · values from Exploration expense versus acquired project costs; no missing values plotted as zero.
Exploration expense versus acquired project costs
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Exploration expense, cost magnitude | 1.252 | 3.256 | 2.007 | 1.301 | 1.630 |
| Capitalised exploration acquisition costs | 3.096 | 3.246 | 3.346 | 3.446 | 5.059 |
Expense is displayed below as a positive cost magnitude in all years. Acquisition carrying value is a stock, not current-year expenditure. Ongoing exploration is expensed rather than added automatically to the asset.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- Five selected years are FY2022-FY2026, not a fixed FY2021-FY2025 window.
- The Cue acquisition changes consolidation scope in FY2026; total equity and loss include NCI, not only E79 shareholders.
- August 2026 Cue milestone is subsequent to year-end; conditional payments and shares are not assumed to have been paid or issued at June.
- Going-concern material uncertainty remains disclosed.
- 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
- E79 Gold Mines - Annual Report - June 2022 RevisedExisting annual extraction, including separately identified historical comparatives.
- E79 Gold Mines - Annual Report 2023Existing annual extraction, including separately identified historical comparatives.
- E79 Gold Mines - Annual Report 2024Existing annual extraction, including separately identified historical comparatives.
- E79 Gold Mines - Annual Report to shareholders - June 2025Existing annual extraction, including separately identified historical comparatives.
- E79 Gold Mines - Annual Report to Shareholders - June 2026Existing 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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