Consolidated Australian-dollar financial statements and 100% Renison mine operating measures for five reported periods. FY2022 is a six-month transition, and balance dates shift from June to December; compare its flows with full years only with that duration in mind.
Reading the tables: 0 (nil) is a supported zero. Other text distinguishes an amount included in another line, a non-applicable item, a separately unavailable component and an unresolved value. These are not interchangeable. Period-specific detail is labelled; complete year-by-year detail remains available.
Continuing operations; year to 31 December 2025.
Statutory profit attributable to members.
Consolidated cash and cash equivalents.
Tin in concentrate, 100% operation basis.
Metals X reports its 50% interest in the Bluestone Mines Tasmania joint venture, whose Renison tin operation supplies its main revenue. The issuer identifies Australian dollars as the Group’s functional and presentation currency in its FY2023 and FY2025 reports; the physical mine table below is a 100% operation measure.
The June 2021 report precedes a change to a December year-end. The transition result covers July–December 2022 and compares in its own source with the twelve months to June 2022. The five columns here therefore show actual reporting periods, leaving out that June 2022 comparative as a separate reporting period.
FY2021 parent profit includes a A$64.274m discontinued-operation result. Later earnings reflect Renison performance and material investment fair-value movements; changes in tin prices, one-off remeasurements and the 2022 short period limit a simple five-point trend reading.
For the year ended 30 June 2021, A$64.274m of profit came from discontinued operations. The investing cash-flow statement separately shows A$26.768m proceeds from disposal of a subsidiary; profit and cash proceeds are different measures.
The year-end changed to 31 December to align with the Renison joint-venture manager. The reported period is six months; the source comparative is the preceding twelve months to June 2022.
The first full calendar-year result includes a write-down of the Cyprium convertible notes to A$14.0m and a deferred tax asset recognised at year end.
Renison produced 11,006 tonnes of tin in concentrate on a 100% basis. Metals X repurchased and cancelled 20,874,529 shares for A$8.308m.
Renison revenue rose with stronger tin prices despite slightly lower production. Rentails advanced through engineering and approvals during 2025; later FEED and investment-decision dates are issuer targets, not achieved outcomes.
Revenue and gross profit rose in the full calendar years to 2025, while FY2022 is a six-month result. The FY2021 difference between continuing profit and parent profit is explained by discontinued operations.
The Cyprium convertible-note valuation fell in FY2023, then rose in FY2024 and FY2025. Those fair-value effects are included in statutory earnings and should be read separately from the mine’s operating gross profit.
$'000
AI-generated presentation · values from Consolidated income and comprehensive result; no missing values plotted as zero.
A$'000, except EPS
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue$'000 | 93,834 | 66,682 | 153,781 | 218,820 | 284,999 |
| Cost of sales$'000 | -75,145 | -50,400 | -105,155 | -123,558 | -158,275 |
| Gross profit$'000 | 18,689 | 16,282 | 48,626 | 95,262 | 126,724 |
| Other income$'000 | 1,945 | 1,453 | 9,597 | 14,932 | 13,300 |
| General and administrative expenses$'000 | -5,775 | -1,564 | -3,804 | -2,744 | -4,212 |
| Finance costs$'000 | -2,999 | -228 | -877 | -566 | -980 |
| Fair value movement on financial assets$'000 | 2,337 | -2,005 | -23,637 | 20,179 | 5,686 |
| Profit before tax$'000 | 22,925 | 13,949 | 26,819 | 120,227 | 138,275 |
| Income tax (expense)/benefit$'000 | nil | -3,983 | -12,234 | -17,878 | -33,670 |
| Profit from continuing operations$'000 | 22,925 | 9,966 | 14,585 | 102,349 | 104,605 |
| Profit from discontinued operationsA$'000 | 64,274 | N/P | N/P | N/P | N/P |
| Profit attributable to parent members, total$'000 | 87,199 | 9,966 | 14,585 | 102,349 | 104,605 |
| Total comprehensive income attributable to parent members$'000 | 87,199 | 9,966 | 14,585 | 101,849 | 104,759 |
| Basic and diluted EPS, continuing operationsAustralian cents/share | 2.53 | 1.1 | 1.61 | 11.34 | 11.8 |
FY2021 ended 30 June 2021; FY2022 transition covers only 1 July–31 December 2022; FY2023–FY2025 each cover twelve months to 31 December. The omitted twelve months to 30 June 2022 is a comparative in the transition annual report, not the FY2022 transition result.
FY2021 total parent profit includes A$64.274m from discontinued operations. Later statements in this selected scope do not present a separate discontinued-operation result. Selected expense rows do not purport to reconcile every component of pre-tax profit.
Parent profit and total comprehensive income differ in FY2024 and FY2025 due to other comprehensive items. Costs and tax are negative outflows/expenses.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
Cash and equity expanded through the calendar-year reports. Interest-bearing liabilities remain on the statement, while the issuer describes its position as having no corporate debt; those are different claims. The issuer identifies A$ as presentation currency in FY2023 and FY2025, despite USD tags on some extracted liability and asset records; no currency conversion has been applied.
FY2024 current and non-current asset subtotals use the FY2025 comparative presentation because a A$0.406m derivative was reclassified between them. The A$505.032m total-assets balance is unchanged.
A$'000
AI-generated presentation · values from Consolidated financial position at the actual balance dates; no missing values plotted as zero.
A$'000
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 13,472 | 113,929 | 143,042 | 220,644 | 293,606 |
| Trade and other receivables (current) | 23,427 | 16,331 | 15,686 | 8,666 | 36,473 |
| Inventories | 20,526 | 22,949 | 28,591 | 37,573 | 29,488 |
| Total current assets | 65,335 | 166,291 | 193,628 | 271,243 | 363,459 |
| Property, plant and equipment | 36,034 | 68,073 | 74,084 | 82,510 | 85,840 |
| Mine properties and development | 37,884 | 45,999 | 79,811 | 85,387 | 93,166 |
| Deferred tax asset | N/P | 38,541 | 26,307 | 8,429 | nil |
| Total non-current assets | 118,064 | 188,905 | 199,308 | 233,789 | 255,050 |
| Total assets | 183,399 | 355,196 | 392,936 | 505,032 | 618,509 |
| Trade and other payables (current) | 8,675 | 13,104 | 16,400 | 20,972 | 17,091 |
| Current interest-bearing liabilities | 17,364 | 1,930 | 4,030 | 3,645 | 2,849 |
| Total current liabilities | 29,613 | 19,563 | 26,837 | 43,857 | 51,679 |
| Non-current provisions | 12,456 | 14,576 | 27,539 | 30,893 | 32,101 |
| Non-current interest-bearing liabilities | 2,684 | 1,409 | 4,327 | 2,508 | 436 |
| Total non-current liabilities | 15,140 | 15,985 | 31,866 | 33,401 | 34,297 |
| Total liabilities | 44,753 | 35,548 | 58,703 | 77,258 | 85,976 |
| Net assets | 138,646 | 319,648 | 334,233 | 427,774 | 532,533 |
| Issued capital | 332,406 | 319,570 | 319,570 | 311,262 | 311,262 |
| Accumulated profit/(losses) | -221,597 | -27,737 | -13,152 | 89,197 | 221,617 |
| Total equity | 138,646 | 319,648 | 334,233 | 427,774 | 532,533 |
Columns are balance-sheet snapshots at 30 June 2021 and 31 December 2022–2025. There is an eighteen-month interval between the first two shown dates; the 30 June 2022 comparative is deliberately excluded.
The 31 December 2024 total assets and non-current assets are from the FY2025 statement comparative; its 31 December 2024 derivative asset was reclassified from current to non-current. Total assets remain A$505.032m; the current/non-current split therefore uses the FY2025 comparative for FY2024.
Interest-bearing liabilities include lease/hire-purchase and other finance liabilities. The issuer’s “no corporate debt” description does not mean these accounting balances are nil.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
FY2021 net investing cash was positive A$12.688m. A$26.768m proceeds from disposal of a subsidiary and A$6.521m release of a performance bond outweighed selected equipment and mine-development payments; the detail table is not a complete reconciliation.
Operating cash flow reached A$143.567m in FY2024 and A$128.323m in FY2025. The issuer attributes the decline to tin receivables and inventory timing and the non-recurrence of a Cyprium extension fee.
FY2025 investing cash flow includes both a A$28.000m deposit paid toward the Greentech Partial Offer and A$25.092m returned. The table preserves both cash directions.
A$'000
AI-generated presentation · values from Consolidated cash flow by reported period; no missing values plotted as zero.
A$'000
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net cash from operating activities | 4,404 | 11,558 | 64,860 | 143,567 | 128,323 |
| Net cash used in investing activities | 12,688 | -18,838 | -32,650 | -55,453 | -52,493 |
| Net cash from/(used in) financing activities | -17,715 | -1,039 | -3,097 | -10,512 | -2,868 |
| Net change in cash and cash equivalents | -623 | -8,319 | 29,113 | 77,602 | 72,962 |
| Closing cash and cash equivalents | 13,472 | 113,929 | 143,042 | 220,644 | 293,606 |
FY2022 transition is a six-month cash-flow period. FY2021 is a twelve-month period ending 30 June 2021; FY2023–FY2025 are twelve-month calendar years.
Cash change equals operating plus investing plus financing cash flows in the selected statement records. Closing cash is a balance, not a period flow.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
A$'000
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Payments for property, plant and equipment | -12,618 | -10,837 | -13,035 | -17,425 | -13,747 |
| Payments for mine properties and development | -8,500 | -8,001 | -21,891 | -22,511 | -22,211 |
| Payments for exploration and evaluation | -1,549 | nil | N/P | -999 | -1,391 |
| Payments for investment in associates | N/P | nil | -1,794 | -13,044 | -9,410 |
| Loan provided to BMTJV | N/P | N/P | N/P | -1,927 | -3,943 |
| FY2021 subsidiary disposal proceeds | 26,768 | Not applicable | Not applicable | Not applicable | Not applicable |
| FY2021 performance bond facility release | 6,521 | Not applicable | Not applicable | Not applicable | Not applicable |
| Greentech Partial Offer deposit paid, gross | Not applicable | Not applicable | Not applicable | Not applicable | -28,000 |
| Greentech Partial Offer deposit returned | Not applicable | Not applicable | Not applicable | Not applicable | 25,092 |
These are selected investing statement lines, not an exhaustive reconciliation to net investing cash flow. The FY2021 subsidiary disposal and performance-bond release are retained as specific one-off transactions; other years are not applicable to those FY2021 events. The FY2025 Greentech Partial Offer 1 deposit payment and return are likewise specific FY2025 transactions, so preceding years are not applicable. N/P means a recurring line is not separately presented in the selected period records; nil is source-supported.
The FY2025 deposit payment and A$25.092m return are shown separately; the A$28m payment is not treated as a net outflow.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
A$'000
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Payment of lease and hire purchase liabilities | -3,039 | -1,039 | -3,097 | -2,204 | -2,868 |
| Repayment of borrowings | -47,985 | nil | N/P | N/P | N/P |
| Proceeds from borrowings | 33,309 | N/P | N/P | N/P | N/P |
Lease/hire-purchase payment labels are reproduced as the issuer’s selected cash-flow line, without recasting them as principal-only or as all finance costs. FY2021 borrowing proceeds and repayments were separately presented.
The FY2024 share buy-back is shown in the separate shareholder-return table. N/P in another year is not an assertion that no transaction occurred; nil requires a source-supported dash.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
No cash dividend was paid or declared for FY2025, and the issuer reported none for the selected earlier periods. The material cash return in this scope was the FY2024 on-market buy-back.
Units by row
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Dividend paid per shareAustralian cents/share | nil | nil | nil | nil | nil |
| FY2024 share buy-back cash paymentA$'000 | Not applicable | Not applicable | Not applicable | -8,308 | Not applicable |
The specific FY2024 buy-back cash payment is shown here, separate from dividends. Other years are not applicable to that FY2024 transaction; this does not claim the issuer had no other buy-back activity. Equity balances and earnings per share are shown in the balance-sheet and income tables.
The FY2025 dividend-per-share extraction is not used because its value status is conflict; the issuer statement that no dividend was paid, declared or recommended supports nil paid per share. Not applicable in the buy-back row refers only to the specific FY2024 cash payment, not a zero for all buy-back activity.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
Renison produced 11,006 tonnes of tin in concentrate in FY2024 and 10,748 tonnes in FY2025 on a 100% mine basis. The issuer attributed higher FY2025 revenue despite lower tonnes to stronger realised tin prices.
The reserve reconciliation tables publish Renison Bell project rows of 8.210 Mt at 1.37% Sn and 112,200 tonnes of contained tin at 31 March 2024, then 7.505 Mt at 1.37% Sn and approximately 102,700 tonnes at 31 March 2025. The FY2025 issuer narrative gives the more precise 102,720-tonne update figure. Metals X owns 50% of the joint venture, and the table section heading says “50% MLX”, but the selected project rows do not explicitly establish whether these quantities are already reduced to its share. They are quoted as published project figures, without a conversion or a direct comparison to the 100% annual production series.
tonnes
AI-generated presentation · values from Renison physical production, 100% operation basis; no missing values plotted as zero.
Units by row
| Metric | FY2021 | FY2022 transition | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Underground ore minedtonnes | 405,379 | 380,186 | 778,638 | 801,193 | 751,645 |
| Underground grade mined% Sn | 1.3 | 1.38 | 1.65 | 1.91 | 1.74 |
| Ore processedtonnes | 326,750 | 307,043 | 649,548 | 665,334 | 668,422 |
| Head grade processed% Sn | 1.59 | 1.63 | 1.92 | 2.12 | 2.01 |
| Mill recovery% | 76.48 | 75.37 | 76.27 | 77.93 | 79.87 |
| Tin in concentrate producedtonnes | 3,974 | 3,773 | 9,532 | 11,006 | 10,748 |
Operating physicals are on a 100% Renison mine basis, not Metals X’s 50% joint-venture entitlement. FY2022 is a six-month observation; these production totals should not be read as five equal-duration annual points.
Underground and processed grades and recovery are percentages; production and ore movement are tonnes.
Source: Metals X annual reports in the consolidated source registry; exact record links retained in the author evidence.
Prepared from the existing annual extraction datasets, supplemented only by selected same-company annual-report tables and saved row interpretations. No new raw-document extraction or web financial research was used for this test.
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