FY2021
Liquidity included restricted cash
Closing cash totalled A$6.317m, including A$6.305m identified as restricted cash; the total is not presented as entirely freely deployable.
ASX: HAR · Five-year financial review
(ASX: HAR) Haranga Resources Limited Financial Review - FY2021~25
Haranga Resources’ five 31 December financial years show a capital-intensive exploration group: operating cash was negative in every year, while reported cash, equity and exploration carrying value changed materially with acquisitions, placements, borrowings and accounting adjustments. Monetary figures are presented in Australian dollars, the stated presentation currency of each annual report; source-data boundaries are disclosed in the report notes.
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 closing cash
A$12.387m
Statutory closing cash; up from A$0.010m in FY2024.
FY2025 operating cash use
A$(5.224)m
Operating outflow.
FY2025 financing inflow
A$17.685m
Financing cash flow; separate from operations.
FY2025 exploration asset
A$13.332m
Carrying value after Lincoln addition; not a resource value.
Five years in context
The annual reports state that Haranga’s financial statements are presented in Australian dollars. This supports a consolidated A$ view across the five reports, including records whose individual currency field is blank. A source-data discrepancy affecting one FY2021 cash-flow field is disclosed in the report limitations without applying a currency conversion.
Haranga is an explorer. Exploration expenditure is generally expensed as incurred, while acquisition costs may be carried where tenure and recoverability conditions are met. The exploration carrying-value and cash-payment rows therefore answer different questions.
Events behind the numbers
FY2022
Asset acquisitions and exploration impairment
Loropeni and Mandinga were accounted for as asset acquisitions; the issuer disclosed a A$4.041m impairment of capitalised exploration costs after technical review and inability to undertake planned Burkina Faso work.
FY2023
Placement funded exploration program
Haranga reported a A$2.86m placement to fund geochemistry, auger and RC drilling. This financing is not revenue or operating cash generation.
FY2024
Performance-rights error restated prior year
A performance-rights expense error was adjusted retrospectively. FY2023 loss and equity here use the FY2024 restated comparative where available.
FY2025
Seduli/Lincoln acquisition changed the balance sheet
Haranga completed acquisition of Seduli and its Lincoln Gold Project. It is recorded as an AASB 2 asset acquisition, alongside a A$14m placement before costs.
FINANCIAL REVIEW / 01
Five years in context: losses, cash and equity
The group recorded a loss in each reported year. The FY2023 restatement matters: this table deliberately uses the later restated FY2023 loss rather than mixing it with the originally extracted number. Losses are not a direct measure of annual cash burn because cash movements also include exploration payments, financing and foreign-exchange effects.
FY2021’s A$6.317m closing cash is materially qualified by A$6.305m restricted cash. The subsequent fall to A$0.010m at FY2024 and FY2025 increase occurred alongside a large financing inflow, not self-funded operating performance.
Closing cash and cash equivalents
A$ million
Closing cash and cash equivalents
AI-generated presentation · values from Consolidated five-year record — A$ million; no missing values plotted as zero.
Total equity / (deficiency)
A$ million
Total equity / (deficiency)
AI-generated presentation · values from Consolidated five-year record — A$ million; no missing values plotted as zero.
Consolidated five-year record — A$ million
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Loss after income tax | (1.185) | (8.006) | (3.106) | (2.893) | (7.138) |
| Closing cash and cash equivalents | 6.317 | 2.290 | 1.961 | 0.010 | 12.387 |
| Total equity / (deficiency) | (1.352) | 3.396 | 4.317 | 1.520 | 32.457 |
FY2023 loss and equity use the FY2024 restated comparative. FY2021 loss is the continuing-operations line; no discontinued line is disclosed.
R000288 is tagged USD, but the FY2021 statements state Australian-dollar presentation currency (R000039); it is retained as a metadata conflict, not converted.
Cash is not necessarily unrestricted: FY2021 includes A$6.305m restricted cash.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Cash use and funding were distinct
Operating cash was used in every year shown. Financing moved from the FY2022 outflow to inflows in FY2023, FY2024 and particularly FY2025. Investing cash flow was nil in FY2021, FY2023 and FY2024, with relatively small outflows in FY2022 and FY2025. Exploration payments appear within operating activities in the supplied statements, whereas the exploration asset is a separate balance-sheet carrying amount.
The FY2025 A$17.685m financing inflow exceeded the A$5.224m operating outflow, including A$3.724m of exploration payments recorded within operating activities. The table does not infer that all financing proceeds funded exploration.
Operating, investing and financing cash flow
A$ million
Net cash used in operating activitiesNet cash used in investing activitiesNet cash from / (used in) financing activities
AI-generated presentation · values from Operating cash use and financing — A$ million; no missing values plotted as zero.
Exploration cash payments
A$ million
Payments for exploration and evaluation
AI-generated presentation · values from Exploration cash payments — A$ million; no missing values plotted as zero.
Operating cash use and financing — A$ million
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net cash used in operating activities | (0.483) | (3.194) | (3.018) | (2.268) | (5.224) |
| Net cash used in investing activities | 0.000 | (0.023) | 0.000 | 0.000 | (0.062) |
| Net cash from / (used in) financing activities | 6.713 | (0.811) | 2.672 | 0.327 | 17.685 |
FY2022–FY2025 cash-flow rows are consolidated; stated AUD presentation currency supports the A$ label where an individual row field is blank or contradictory.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Exploration cash payments — A$ million
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Payments for exploration and evaluation | (1.800) | (2.148) | (1.614) | (3.724) |
FY2021 is reported as a dash/nil, so the series begins FY2022. It is an operating-cash classification, not an exploration-asset addition.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Group financial position, exploration assets and obligations
Group total assets were A$6.985m in FY2021, A$4.461m in FY2022, A$4.493m in FY2023 and A$2.265m in FY2024. Total liabilities moved from A$8.337m to A$1.065m, A$0.176m and A$0.745m respectively. The saved packet does not provide a matching FY2025 total-assets/total-liabilities pair, so that column is intentionally not invented.
The exploration balance moved from A$2.012m in FY2022 to A$13.332m in FY2025. Most of the FY2025 step-up is the A$11.325m Lincoln acquisition addition, rather than a cash-payment series point.
At FY2025, current trade and other payables were A$2.109m and total financial liabilities A$1.986m, versus A$0.385m and A$0.350m respectively in FY2024. Assess these alongside—not netted against—the A$5.271m exploration commitments.
Group total assets and liabilities
A$ million
Total assetsTotal liabilities
AI-generated presentation · values from Group financial position available in saved statements — A$ million; no missing values plotted as zero.
Exploration and evaluation carrying value
A$ million
Exploration and evaluation asset
AI-generated presentation · values from Exploration balance and funding obligations — A$ million; no missing values plotted as zero.
Financial liabilities
A$ million
Total financial liabilities
AI-generated presentation · values from FY2024–FY2025 obligations — A$ million; no missing values plotted as zero.
Group financial position available in saved statements — A$ million
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| Total assets | 6.985 | 4.461 | 4.493 | 2.265 |
| Total liabilities | 8.337 | 1.065 | 0.176 | 0.745 |
FY2021–FY2024 only: the saved FY2025 packet selections do not provide a matching total-assets/total-liabilities pair, so no FY2025 value is inferred.
FY2021 uses the Group statement table rather than the separately extracted parent-entity table. FY2023 is the original reported financial-position observation; it is not represented as a universal restatement.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Exploration balance and funding obligations — A$ million
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Exploration and evaluation asset | 2.012 | 2.056 | 2.126 | 13.332 |
Exploration and evaluation is a carrying value, not a mineral-resource valuation, cash balance or project NPV.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FY2024–FY2025 obligations — A$ million
A$ million
| Metric | FY2024 | FY2025 |
|---|---|---|
| Trade and other payables (current) | 0.385 | 2.109 |
| Total financial liabilities | 0.350 | 1.986 |
| Exploration expenditure commitments | 1.441 | 5.271 |
FY2025 liabilities include amounts arising with the Seduli acquisition; commitments are obligations, not cash expenditure already incurred.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 04
FY2025 acquisition: accounting value and boundaries
The FY2025 Seduli acquisition produced A$17.926m of net assets acquired and equal consideration in the accounting table. Its A$11.325m Lincoln exploration-asset component explains most of the year-end exploration balance. Accounting consideration is not presented as realised economic value.
The acquired-net-assets table includes A$3.362m of borrowing at fair value. The issuer separately describes Dominus and Transamine-related royalty/offtake arrangements and contingent liabilities in US dollars; they are not converted or combined with the A$ financial-liability balance.
Seduli acquisition accounting components
A$ million
Net assets acquiredTotal considerationLincoln exploration-asset additionBorrowing assumed at fair value
AI-generated presentation · values from FY2025 Seduli/Lincoln acquisition accounting — A$ million; no missing values plotted as zero.
FY2025 Seduli/Lincoln acquisition accounting — A$ million
A$ million
| Metric | FY2025 |
|---|---|
| Net assets acquired | 17.926 |
| Total consideration | 17.926 |
| Lincoln exploration-asset addition | 11.325 |
| Borrowing assumed at fair value | (3.362) |
| Closing exploration asset | 13.332 |
The transaction was accounted for as an asset acquisition under AASB 2, not a business combination; these accounting values do not establish operating production, revenue or an economic reserve.
Borrowing assumed is shown as a signed negative acquired-net-assets component.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- One FY2021 cash-flow field has currency metadata inconsistent with the same annual report’s Australian-dollar presentation-currency statement; the report uses presentation-currency context and retains the discrepancy without conversion.
- FY2023 loss and equity are shown on the FY2024 restated comparative basis; other FY2023 figures retain their specifically labelled statutory/comparative bases.
- The saved packet does not provide a matching FY2025 Group total-assets/total-liabilities pair, so the Group financial-position table ends at FY2024.
- No revenue, production, reserve value, debt-netting, valuation, or economic-resource conclusion is inferred from acquisition accounting, exploration balances or mineral-resource disclosures.
- Acquisition liability terms include USD-denominated components; no FX conversion has been performed.
- Prepared from existing year-by-year extraction records only. No raw-source retrieval, database query, financial web research or MiniMax call. GPT review against saved extractions; not an independent original-document audit.
Annual-report source registry
- Haranga Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Haranga Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Haranga Resources Limited - Annual Report to ShareholdersExisting annual extraction, including separately identified historical comparatives.
- Haranga Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Haranga Resources Limited - 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.
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