FY2021
Final operating year
Production ceased in the first quarter and the group retained positive operating cash flow.
ASX: KRM · Five-year financial review
(ASX: KRM) Kingsrose Mining Limited Financial Review - FY2021~25
Kingsrose Mining moved from its final Way Linggo operating year into an exploration-led portfolio. The FY2025 policy change retrospectively restated FY2024 profit, equity and cash-flow classification, so this review presents that comparison separately.
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$27.287m
Includes identified BHP advances not yet spent.
FY2025 loss after tax
(A$4.817m)
Consolidated result.
FY2025 operating cash flow
(A$1.700m)
Statutory reconciliation total.
FY2025 total equity
A$26.335m
Consolidated closing equity.
Five years in context
FY2021 marked the final operating year: production ceased in the first quarter and the Way Linggo disposal completed in December 2022, creating the later discontinued-operation boundary.
FY2025 expensed exploration and evaluation expenditure until technical feasibility and commercial viability, replacing prior capitalisation and restating FY2024.
Events behind the numbers
FY2022
Portfolio acquisition and write-off
Element 46 acquisitions added Penikat and Porsanger; the issuer attributed the group loss to a Way Linggo exploration write-off, corporate costs and share-based payments, partly offset by FX gain.
FY2023
Way Linggo disposal context
The Way Linggo sale completed on 16 December 2022.
FY2024
Alliance funding
Cash included unspent BHP advances with a corresponding liability.
FY2025
Funding scope and Råna
BHP ended Central Finland funding while continuing Norway/Finnmark; 51% Råna ownership was not a new control acquisition.
FINANCIAL REVIEW / 01
Operating exit and loss drivers
FY2022 losses were driven by the A$10.594m Way Linggo exploration write-off, corporate costs and share-based payments, partly offset by an A$6.692m unrealised FX gain. FY2023 then included the disposed operation; its sale loss reflected release of the foreign-currency translation reserve, not an equivalent cash outflow.
Consolidated loss after tax / net loss
A$ million
Loss after tax / net loss (Group total)
AI-generated presentation · values from Consolidated result after tax; no missing values plotted as zero.
Consolidated result after tax
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Loss after tax / net loss (Group total) | (6.626) | (10.741) | (6.876) | (7.755) | (4.817) |
A$ million; FY2022 is the consolidated continuing-operations total and FY2024 is restated.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Final operating year and FY2022 transition
A$ million
| Metric | FY2021 | FY2022 |
|---|---|---|
| Revenue from contracts with customers | 18.383 | 0.000 |
| Cost of sales | (11.657) | 0.000 |
| Other income | 0.136 | 7.229 |
| Administration expenses | (3.189) | (4.812) |
| Other expenses | (10.744) | (13.592) |
| Finance costs | (0.087) | (0.114) |
A$ million; expenses retain source signs.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FY2023: continuing costs and the disposed operation
A$ million
| Metric | FY2023 |
|---|---|
| Other income — continuing operations | 3.018 |
| Corporate and operational support expense | (5.280) |
| Finance costs | (0.059) |
| Loss after tax — continuing operations | (2.242) |
| Loss after tax — discontinued operations | (4.634) |
A$ million; explicit FY2023 comparatives in the FY2024 statement, before the FY2025 exploration-policy restatement. The last two rows together form the Group result.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Exploration-led expense profile — restated FY2024 and FY2025
A$ million
| Metric | FY2024 | FY2025 |
|---|---|---|
| Other income | 1.751 | 1.550 |
| Exploration and evaluation expenditure | (3.895) | (1.558) |
| Corporate and operational support expense | (5.402) | (4.782) |
| Finance costs | (0.011) | (0.021) |
A$ million; FY2024 is restated. Expenses retain source signs.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Consolidated balances and funding context
The balance sheet uses the latest FY2024 restated comparative. Cash must be read with the disclosure that it includes unspent BHP advances.
Consolidated closing cash
A$ million
Cash and cash equivalents
AI-generated presentation · values from Consolidated financial position — closing balances; no missing values plotted as zero.
Consolidated financial position — closing balances
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 30.571 | 27.627 | 33.840 | 28.867 | 27.287 |
| Total assets | 52.906 | 45.472 | 41.379 | 35.003 | 34.211 |
| Total liabilities | 2.762 | 3.595 | 1.437 | 3.991 | 7.876 |
| Total equity | 50.144 | 41.876 | 39.942 | 31.013 | 26.335 |
A$ million. FY2024 uses the FY2025 restated comparative; FY2024 assets are calculated as reported liabilities plus equity. Other asset totals are reported directly.
FY2024–FY2025 cash includes BHP advances not yet spent.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Cash-flow lanes and the policy boundary
The FY2024 policy restatement shifts exploration payments from investing to operating cash flow without changing their combined cash effect. The separate current-year table retains the available FY2025 subtotals.
Cash-flow lanes before reclassification
A$ million
Operating cash flowInvesting cash flowFinancing cash flow
AI-generated presentation · values from Statutory cash-flow history before FY2024 reclassification; no missing values plotted as zero.
Statutory cash-flow history before FY2024 reclassification
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| Operating cash flow | 9.943 | (4.287) | (3.901) | (0.762) |
| Investing cash flow | (0.068) | (1.132) | 9.088 | (4.048) |
| Financing cash flow | (0.077) | 0.135 | (0.051) | (0.068) |
A$ million; FY2024 is previously stated. FY2023 investing inflow includes disposal cash movements.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FY2024 exploration-policy cash-flow reclassification
A$ million
| Metric | Previously stated | Restated |
|---|---|---|
| Operating cash flow | (0.762) | (4.786) |
| Investing cash flow | (4.048) | (0.023) |
A$ million; two presentations of the same FY2024 flows.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FY2025 available statutory cash-flow totals
A$ million
| Metric | FY2025 |
|---|---|
| Operating cash flow | (1.700) |
| Financing cash flow | (0.081) |
A$ million. No matching FY2025 net investing subtotal was located in the saved packet.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 04
Project and alliance boundaries
Second Råna completion increased legal ownership, but the acquisition accounting states control existed below 50%. Central Finland funding ended in May 2025 while Norway/Finnmark funding continued.
Reading the figures
- FY2023 is represented by explicit FY2024 comparative observations because no standalone FY2023 source-period extraction is in the packet.
- FY2025 net investing cash flow is not displayed because a matching subtotal was not located in the saved packet.
- 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
- Kingsrose Mining Limited - 2021 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Kingsrose Mining Limited - 2022 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Kingsrose Mining Limited - Annual Report to ShareholdersExisting annual extraction, including separately identified historical comparatives.
- Kingsrose Mining Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Kingsrose Mining 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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