FY2021
Equity funding and exploration programs
The Group completed exploration across its assets and completed placements and option exercises during the year.
ASX: KTA · Five-year financial review
(ASX: KTA) Krakatoa Resources Limited Financial Review - FY2021~25
Krakatoa Resources’ FY2021-FY2025 record is that of an exploration-stage Group funded principally through equity. Statutory losses reflect exploration and corporate costs, while the cash-flow statement shows changing program outlays, explicit nil investing years and equity financing rather than operating revenue.
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 statutory loss
(A$2.522m)
Reported Group loss after income tax.
FY2025 closing cash
A$1.545m
Reported Group cash at 30 June.
FY2025 financing inflow
A$2.554m
Reported net financing cash inflow.
FY2025 Group net assets
A$1.961m
Reported Group net asset position.
Five years in context
The Group’s principal activity is acquiring and exploring resource-based projects. Its policy expenses exploration and evaluation expenditure, including tenement-acquisition costs, as incurred; cash spending and profit-or-loss expense should therefore be read separately from project value.
All figures are Australian dollars and tables use Group consolidated measures. FY2025 adds Australia and Georgia geographic segments while retaining one operating segment, mineral exploration and development.
Events behind the numbers
FY2022
Mt Clere drilling and capital raise
A$5.0m was raised before costs through an April 2022 share issue while Mt Clere air-core drilling and resource work continued.
FY2023
Lower financing inflow and cash drawdown
The Group raised A$0.560m before costs through an April 2023 share issue; closing cash fell to A$0.952m.
FY2024
Placements and non-cash drilling credits
A December 2023 placement included A$0.600m of non-cash Top Drill exploration-service credits, so the placement amount is not wholly cash funding.
FY2025
Georgia option and Stone Tank drilling
The Group commenced Stone Tank drilling and advanced access for Zopkhito drilling after executing the Zopkhito option agreement.
FINANCIAL REVIEW / 01
Statutory losses and exploration-stage cost base
FY2025’s A$2.522m statutory loss was smaller than FY2024’s A$3.206m loss. It includes A$0.309m of share-based payment expense for Zopkhito project payments and employee/director performance rights; that is an accounting expense, not cash operating expenditure.
Expensed exploration and project evaluation was the principal selected cost line in FY2021-FY2024, while the large FY2021 and FY2022 share-based charges were non-cash. FY2025 exploration cash payments are not used as a P&L replacement.
Statutory loss after income tax
A$ million
Loss after income tax
AI-generated presentation · values from Consolidated statutory outcome and selected cost drivers; no missing values plotted as zero.
Selected statutory cost lines
A$ million
Administration expenseEmployee benefits expenseShare-based payment expenseDepreciation expense
AI-generated presentation · values from Consolidated statutory outcome and selected cost drivers; no missing values plotted as zero.
Consolidated statutory outcome and selected cost drivers
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Other income | 0.013 | 0.051 | 0.021 | 0.039 | 0.059 |
| Administration expense | (0.131) | (0.197) | (0.435) | (0.130) | (0.259) |
| Employee benefits expense | (0.283) | (0.398) | (0.307) | (0.350) | (0.296) |
| Share-based payment expense | (1.136) | (0.505) | (0.009) | 0.000 | (0.309) |
| Depreciation expense | 0.000 | (0.004) | (0.040) | (0.102) | (0.092) |
| Compliance and regulatory expense | (0.280) | (0.245) | (0.244) | (0.391) | N/D |
| Exploration and project-evaluation expense | (1.902) | (3.020) | (2.453) | (2.273) | N/D |
| Loss after income tax | (3.719) | (4.319) | (3.466) | (3.206) | (2.522) |
A$ million. Consolidated statutory measures. Parentheses denote expenses or losses.
FY2025 note rows record expense magnitudes; selected cost cells are sign-normalised. FY2025 exploration expense is not replaced by operating cash payments because the bases differ.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Cash movements: program spend, investing and equity funding
Operating cash outflows included separately identified exploration and evaluation payments under the issuer’s operating classification. The FY2023 drawdown followed lower financing inflow alongside program cash use; later equity funding supported a recovery in closing cash through FY2025.
Investing cash was nil in FY2021 and FY2024, negative for plant and equipment in FY2022-FY2023, and A$0.350m negative in FY2025 for a security bond. It is distinct from exploration spending.
Operating, investing and financing cash flows
A$ million
Net cash used in operating activitiesNet cash used in investing activitiesNet cash provided by financing activities
AI-generated presentation · values from Consolidated cash flows and funding; no missing values plotted as zero.
Closing cash and gross equity proceeds
A$ million
Cash and cash equivalents at 30 JuneGross proceeds from shares and options
AI-generated presentation · values from Consolidated cash flows and funding; no missing values plotted as zero.
Consolidated cash flows and funding
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net cash used in operating activities | (2.651) | (3.402) | (3.695) | (2.907) | (1.973) |
| Exploration and project-evaluation cash payments | (1.999) | (2.582) | (2.874) | (1.982) | (1.270) |
| Payments to suppliers and employees | (0.665) | (0.871) | (0.834) | (0.946) | (0.720) |
| Net cash used in investing activities | 0.000 | (0.156) | (0.078) | 0.000 | (0.350) |
| Net cash provided by financing activities | 4.307 | 5.437 | 0.504 | 3.269 | 2.554 |
| Gross proceeds from shares and options | 4.641 | 5.782 | 0.560 | 3.575 | 2.714 |
| Capital-raising transaction costs | (0.334) | (0.345) | (0.043) | (0.239) | (0.098) |
| Cash and cash equivalents at 30 June | 2.342 | 4.221 | 0.952 | 1.314 | 1.545 |
A$ million. Cash-flow totals are annual flows; closing cash is a balance at 30 June.
FY2021 and FY2024 investing totals are explicit issuer-reported nil. FY2025 investing cash is the security-bond payment; the plant-and-equipment cash-payment line was nil.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Group balance sheet, funding boundary and commitments
Closing cash rose to A$1.545m in FY2025 from A$1.314m in FY2024; Group net assets were A$1.961m and liabilities A$0.356m. The FY2025 assets cell is a transparent calculation from those Group values.
The Group identifies equity raisings as its primary funding source and reports no external borrowings at 30 June 2025, although lease liabilities remain separate. WA exploration commitments were A$0.621m, with ability to reduce tenure and commitments.
Group assets, liabilities and equity
A$ million
Total assets (reported FY2021-FY2024; calculated FY2025)Total liabilitiesTotal equity / net assets
AI-generated presentation · values from Consolidated financial position; no missing values plotted as zero.
Consolidated financial position
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets (reported FY2021-FY2024; calculated FY2025) | 2.464 | 4.704 | 1.387 | 1.793 | 2.318 |
| Total liabilities | 0.262 | 0.878 | 0.501 | 0.178 | 0.356 |
| Total equity / net assets | 2.203 | 3.826 | 0.886 | 1.615 | 1.961 |
A$ million at 30 June. All selected values are Group consolidated values.
FY2025 assets are calculated from reported Group net assets plus total liabilities (A$1.961m + A$0.356m); parent-only totals are not substituted.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 04
Exploration context and FY2025 geographic boundary
Stone Tank drilling and the Zopkhito option give context for exploration cash use, but do not establish production, reserve value, project economics or a forecast.
Energold is disclosed as a Georgian exploration-works contractor; the FY2025 geographic disclosure therefore broadens project context without creating an operating-revenue conclusion.
Reading the figures
- FY2025 exploration expense is not separately available in the supplied P&L/table records on the FY2021-FY2024 basis, so it remains N/D rather than being replaced by operating cash payments.
- FY2025 total assets are calculated from reported Group net assets and total liabilities; earlier assets are reported Group totals.
- The 12 September 2025 A$3.1m placement announcement is after the FY2025 balance date and is not treated as FY2025 financing cash.
- Project and commitment disclosures are context, not estimates of future cash flows, production, resources or value.
- 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
- Krakatoa Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Krakatoa Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Krakatoa Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Krakatoa Resources Limited - Annual Report to shareholdersExisting annual extraction, including separately identified historical comparatives.
- Krakatoa 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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