FY2021
Balama restarts; Vidalia offtake agreed
Balama restarted production in March. Syrah also executed a Tesla AAM offtake agreement in December 2021.
ASX: SYR · Five-year financial review
Syrah Resources Limited (ASX: SYR) - Five-Year Financial Review FY2021-FY2025
Syrah Resources reports in US dollars and operates Balama natural graphite and Vidalia active anode material. The tables compare five calendar financial years, show the FY2023 borrowing reclassification separately, and keep operating volumes apart from financial statement units.
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.
FY2025 revenue
US$33.4m
Continuing operations, rounded from US$33.381m.
FY2025 loss after tax
US$100.7m
Consolidated continuing operations loss.
FY2025 operating cash flow
US$56.4m outflow
Net operating cash outflow.
Cash at 31 Dec 2025
US$77.1m
Cash and cash equivalents; includes restricted cash.
Five years in context
Balama restarted in 2021 and reached its five-year production high in 2022. Later campaign operation and the 2024 access disruption reduced output; production resumed in mid-2025. Vidalia completed its initial expansion in 2024 and sold AAM for customer qualification in 2024–2025. The operating table distinguishes graphite tonnes, AAM tonnes and graphite selling price.
All five years reported statutory losses and operating cash outflows. Equity issues, convertible notes and US government loan drawdowns supported the investment and operating program. Annual auditors flagged a going-concern material uncertainty from FY2023 onward; the FY2025 report also describes unresolved DOE and DFC loan defaults. The financial tables show the cash, borrowing and current-liability profile.
Events behind the numbers
FY2022
Vidalia investment and funding
The Vidalia Initial Expansion final investment decision was approved. Syrah completed an A$250m equity raising and closed a US$102m DOE loan facility; Balama achieved record production and sales.
FY2023
Campaign operations and DOE funding
Balama operated in campaign mode amid weaker Chinese graphite demand. Syrah fully drew US$98m of DOE loan advances for Vidalia during 2023.
FY2024
Vidalia begins AAM production; Balama interrupted
Vidalia completed construction in February and produced AAM for qualification. Balama access was constrained by protests from late September, with force majeure declared in December.
FY2025
Balama resumes; tax-credit cash received
Balama production recommenced in June. Vidalia qualification production and sales continued, and Syrah received US$11.696m of tax credit cash in its operating cash flows.
FINANCIAL REVIEW / 01
Statutory performance
FY2022 was the only year in this span with gross profit; FY2023–FY2025 returned to gross losses. FY2025 other income includes Section 45X production tax credits. FY2024 separately recognised US$9.957m of other expenses, reflecting a write-off of costs previously capitalised for Vidalia construction; its other-income and other-expense lines are shown separately in the table.
Revenue and loss after tax
US$'000
RevenueLoss after income tax for the year
AI-generated presentation · values from Consolidated profit or loss, continuing operations; no missing values plotted as zero.
Consolidated profit or loss, continuing operations
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 29,044 | 106,180 | 47,712 | 31,516 | 33,381 |
| Cost of sales | -61,663 | -92,876 | -72,492 | -103,364 | -95,210 |
| Gross profit/(loss) | -32,619 | 13,304 | -24,780 | -71,848 | -61,829 |
| Distribution costs | -7,158 | -33,438 | -16,946 | -8,471 | -7,002 |
| Administrative expenses | -9,546 | -12,043 | -14,113 | -12,361 | -13,923 |
| Other income/(expense) source line | 2,671 | 11,853 | -994 | 1,855 | 22,172 |
| Other expenses, separately presented | Not separately presented | Not separately presented | Not separately presented | -9,957 | 0 (nil) |
| Write-down of inventories | -1,296 | -6,078 | -13,225 | -2,619 | -3,696 |
| Loss before net finance and income tax | -47,948 | -26,402 | -70,058 | -103,401 | -64,278 |
| Net finance costs/(income) | -6,215 | -3,008 | -12,055 | -20,806 | -35,413 |
| Loss before income tax | -54,163 | -29,410 | -82,113 | -124,207 | -99,691 |
| Income tax (expense)/benefit | -2,707 | 2,565 | -3,167 | -1,084 | -972 |
| Loss after income tax for the year | -56,870 | -26,845 | -85,280 | -125,291 | -100,663 |
US$ thousands. Costs, losses and expenses are negative. FY2024 also reported US$9.957m of other expenses separately; the other-income row is shown as its own source line, not a netted amount.
Basis and presentation notes (4)
- Other expenses, separately presented / FY2021 — Not separately presented: FY2021 profit or loss presents a single other income/(expense) source line, without a second separately presented other-expenses line; this is presentation, not zero.
- Other expenses, separately presented / FY2022 — Not separately presented: FY2022 profit or loss presents a single other income/(expense) source line, without a second separately presented other-expenses line; this is presentation, not zero.
- Other expenses, separately presented / FY2023 — Not separately presented: FY2023 profit or loss presents a single other income/(expense) source line, without a second separately presented other-expenses line; this is presentation, not zero.
- Other expenses, separately presented / FY2025 — 0 (nil): FY2025 profit or loss presents the other-expenses line as an explicit dash, separate from other income.
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
Comprehensive loss and attribution
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Other comprehensive income/(loss), net of tax | 354 | -7,017 | -3,902 | 10,855 | -6,539 |
| Total comprehensive loss | -56,516 | -33,862 | -89,182 | -114,436 | -107,202 |
| — attributable to equity holders of Syrah Resources Limited | -53,560 | -31,969 | -87,804 | -112,821 | -104,337 |
| — attributable to non-controlling interest | -2,956 | -1,893 | -1,378 | -1,615 | -2,865 |
| Basic loss per sharecents | -10.79 | -4.95 | -13.02 | -12.27 | -9.12 |
Comprehensive attribution includes non-controlling interests. Basic loss per share is US cents per share, rather than US$ thousands.
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
FINANCIAL REVIEW / 02
Assets, borrowings and liquidity
Total assets increased as Vidalia investment was capitalised, while borrowings and current liabilities grew. The FY2023 report and FY2024 comparative classify US$107.818m of the same FY2023 borrowings differently; the bridge makes that presentation change visible without treating it as a cash movement.
The issuer treated market capitalisation below book net assets as an impairment indicator in FY2024 and FY2025. The FY2025 Balama cash-generating unit recoverable amount was assessed at US$475m using assumptions sensitive to prices, exchange rates, discount rates and operating performance; this is an assessment value, not reported revenue or cash.
Cash and total assets
US$'000
Cash and cash equivalentsTotal assets
AI-generated presentation · values from Consolidated assets at 31 December; no missing values plotted as zero.
Current and non-current borrowings
US$'000
Borrowings (current)Borrowings (non-current)
AI-generated presentation · values from Consolidated liabilities and net assets at 31 December; no missing values plotted as zero.
Consolidated assets at 31 December
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 52,914 | 90,376 | 84,889 | 87,467 | 77,087 |
| Trade and other receivables (current) | 7,865 | 20,918 | 5,269 | 6,838 | 19,104 |
| Inventories | 20,385 | 25,194 | 34,897 | 28,482 | 29,038 |
| Total current assets | 81,559 | 136,488 | 125,055 | 122,787 | 125,229 |
| Trade and other receivables (non-current) | 7,955 | 10,252 | 3,379 | 8,707 | 9,322 |
| Property, plant and equipment | 180,520 | 274,456 | 425,199 | 414,235 | 397,172 |
| Mining assets | 132,764 | 119,869 | 119,379 | 115,686 | 112,218 |
| Intangible assets | 129 | 44 | 27 | 14 | 8 |
| Deferred tax assets | 25,961 | 28,861 | 27,009 | 30,679 | 67,236 |
| Total non-current assets | 347,329 | 433,482 | 574,993 | 569,321 | 585,956 |
| Total assets | 428,888 | 569,970 | 700,048 | 692,108 | 711,185 |
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
Consolidated liabilities and net assets at 31 December
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Trade and other payables (current) | 18,062 | 25,671 | 26,780 | 12,916 | 25,004 |
| Borrowings (current) | Not separately presented | 0 (nil) | 279,922 | 146,436 | 160,079 |
| Lease liabilities (current) | 3,229 | 2,007 | 2,178 | 2,301 | 187 |
| Provisions (current) | 2,173 | 2,302 | 3,023 | 3,283 | 2,399 |
| Total current liabilities | 23,464 | 29,980 | 311,903 | 164,936 | 187,787 |
| Trade and other payables (non-current) | 1,496 | 1,588 | 1,687 | 1,783 | 4,026 |
| Borrowings (non-current) | 69,852 | 70,925 | 0 (nil) | 109,983 | 132,757 |
| Lease liabilities (non-current) | 12,980 | 12,641 | 13,743 | 11,190 | 211 |
| Deferred tax liabilities | 3,622 | 3,958 | 5,272 | 10,026 | 47,437 |
| Provisions (non-current) | 24,960 | 12,701 | 13,839 | 11,965 | 13,226 |
| Total non-current liabilities | 112,910 | 101,813 | 34,541 | 144,947 | 197,657 |
| Total liabilities | 136,374 | 131,793 | 346,444 | 309,883 | 385,444 |
| Net assets (= total equity) | 292,514 | 438,177 | 353,604 | 382,225 | 325,741 |
FY2023 current and non-current borrowing classification uses the FY2023 report as first issued. The FY2024 report reclassified its FY2023 comparative; the bridge below shows both presentations. Total borrowings and total liabilities did not change in that reclassification.
Basis and presentation notes (3)
- Borrowings (current) / FY2021 — Not separately presented: FY2021 financial-position statement separately reports non-current borrowings but no current-borrowings line; no numeric current amount is inferred from omission.
- Borrowings (current) / FY2022 — 0 (nil): FY2023 comparative current-borrowings line shows a dash for 31 December 2022; non-current borrowings remain separately reported.
- Borrowings (non-current) / FY2023 — 0 (nil): Original FY2023 balance sheet reports non-current borrowings as a dash; the later FY2024 restated comparative reclassifies US$107.818m and is retained separately.
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
FY2023 borrowing classification: original versus FY2024 restated comparative
US$'000
| Metric | FY2023 original | FY2023 restated in FY2024 |
|---|---|---|
| Current borrowings | 279,922 | 172,104 |
| Non-current borrowings | 0 (nil) | 107,818 |
| Total current liabilities | 311,903 | 204,085 |
| Total non-current liabilities | 34,541 | 142,359 |
The FY2024 annual report moved US$107.818m of FY2023 borrowings from current to non-current following legal review. The source marks restated comparative borrowing rows with an asterisk. This is a presentation bridge, not a 2024 movement.
Basis and presentation notes (1)
- Non-current borrowings / FY2023 original — 0 (nil): Original FY2023 non-current borrowings are explicitly dashed; FY2024 restated comparative is US$107.818m, a classification change rather than new debt.
Source: FY2023 annual report statement of financial position and FY2024 annual report restated FY2023 comparative; selected table text and row interpretations retained.
FINANCIAL REVIEW / 03
Operating cash, investment and financing
Operating cash flow remained negative throughout. Property, plant and equipment cash payments peaked during Vidalia construction in FY2023 and were much lower in FY2025. The cash-flow table separates receipts from customers from the FY2025 tax-credit receipt and separates historical lease interest from later combined lease payments.
Operating, investing and financing cash flow
US$'000
Net cash from operating activitiesNet cash from investing activitiesNet cash from financing activities
AI-generated presentation · values from Consolidated cash flow; no missing values plotted as zero.
Consolidated cash flow
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Receipts from customers | 25,361 | 98,233 | 56,327 | 32,104 | 28,359 |
| Tax credit received | Not separately presented | Not separately presented | Not separately presented | Not separately presented | 11,696 |
| Payments to suppliers and employees (incl. GST) | -60,564 | -131,165 | -118,254 | -113,776 | -98,650 |
| Interest received | 135 | 1,736 | 2,055 | 3,031 | 2,233 |
| Net cash from operating activities | -35,068 | -31,196 | -59,872 | -78,641 | -56,362 |
| Payments for property, plant and equipment | -21,622 | -99,117 | -145,998 | -24,071 | -5,814 |
| Payments for intangibles | -86 | 0 (nil) | -1,019 | 0 (nil) | Not separately presented |
| Net cash from investing activities | -19,345 | -103,477 | -138,586 | -24,071 | -5,814 |
| Proceeds from issue of shares | 13,733 | 180,777 | 0 (nil) | 64,145 | 45,524 |
| Proceeds from issue of convertible note(s) | 21,050 | 0 (nil) | 102,600 | 0 (nil) | Not applicable |
| Share issue transaction costs | -223 | -5,187 | 0 (nil) | -2,045 | -1,731 |
| Net proceeds from borrowings | 0 (nil) | 0 (nil) | 97,442 | 49,215 | 17,038 |
| Repayment of borrowings (principal + interest) | 0 (nil) | 0 (nil) | 0 (nil) | -2,207 | -9,350 |
| Lease interest paid | -1,215 | -986 | Included in combined line | Included in combined line | Included in combined line |
| Lease principal paid | -583 | -2,335 | Included in combined line | Included in combined line | Included in combined line |
| Lease principal and interest paid | -1,798 | -3,321 | -4,476 | -3,213 | -880 |
| Net cash from financing activities | 32,762 | 172,269 | 195,566 | 105,895 | 50,677 |
| Net change in cash and cash equivalents (pre-FX) | -21,651 | 37,596 | -2,892 | 3,183 | -11,499 |
| Effects of exchange rate changes | -427 | -134 | -2,595 | -605 | 1,119 |
| Cash and cash equivalents at end of year | 52,914 | 90,376 | 84,889 | 87,467 | 77,087 |
US$ thousands, cash basis. The FY2025 US$11.696m tax-credit receipt appears separately from customer receipts. Earlier years have no separately presented tax-credit receipt line. Finance proceeds and repayments are cash-flow categories, not debt carrying values.
Lease principal and interest were disclosed as separate financing cash lines in FY2021-FY2022; the comparable combined outflows of US$1.798m and US$3.321m are calculated from those exact components. From FY2023, issuer statements report one combined lease-payment line, so the component rows say Included in combined line and are not extra cash flows. FY2021 borrowing proceeds and repayment dashes are corroborated by explicit nil annual records and FY2022 comparatives.
Basis and presentation notes (23)
- Tax credit received / FY2021 — Not separately presented: FY2021 selected operating cash-flow statement has no separate tax-credit-received line. The FY2025 US$11.696m receipt is a separately identified later-year item, not a prior-year nil.
- Tax credit received / FY2022 — Not separately presented: FY2022 selected operating cash-flow statement has no separate tax-credit-received line. The FY2025 US$11.696m receipt is a separately identified later-year item, not a prior-year nil.
- Tax credit received / FY2023 — Not separately presented: FY2023 selected operating cash-flow statement has no separate tax-credit-received line. The FY2025 US$11.696m receipt is a separately identified later-year item, not a prior-year nil.
- Tax credit received / FY2024 — Not separately presented: FY2024 selected operating cash-flow statement has no separate tax-credit-received line. The FY2025 US$11.696m receipt is a separately identified later-year item, not a prior-year nil.
- Payments for intangibles / FY2022 — 0 (nil): FY2022 investing statement explicitly shows a dash for payments for intangibles.
- Payments for intangibles / FY2024 — 0 (nil): FY2024 investing statement explicitly shows a dash for payments for intangibles.
- Payments for intangibles / FY2025 — Not separately presented: FY2025 investing statement does not separately present payments for intangibles; no zero is inferred.
- Proceeds from issue of shares / FY2023 — 0 (nil): FY2023 financing statement explicitly shows a dash for cash proceeds from share issues; non-cash equity remuneration is distinct.
- Proceeds from issue of convertible note(s) / FY2022 — 0 (nil): FY2022 financing statement explicitly shows a dash for convertible-note issue proceeds.
- Proceeds from issue of convertible note(s) / FY2024 — 0 (nil): FY2024 financing statement explicitly shows a dash for new convertible-note issue proceeds; note conversions into equity are non-cash and separate.
- Proceeds from issue of convertible note(s) / FY2025 — Not applicable: No new convertible-note issuance is separately reported in the FY2025 financing cash-flow statement; existing AustralianSuper notes were issued in FY2023 and remain liabilities, so no FY2025 issue-proceeds event is assigned.
- Share issue transaction costs / FY2023 — 0 (nil): FY2023 financing statement explicitly shows a dash for share issue transaction costs.
- Net proceeds from borrowings / FY2021 — 0 (nil): FY2021 original dash is corroborated by a second annual extraction R000475 that explicitly records nil proceeds and by the FY2022 comparative R002169.
- Net proceeds from borrowings / FY2022 — 0 (nil): FY2022 financing statement explicitly shows a dash for borrowing proceeds.
- Repayment of borrowings (principal + interest) / FY2021 — 0 (nil): FY2021 original dash is corroborated by annual extraction R000474 that explicitly records nil repayments and by FY2022 comparative R002167.
- Repayment of borrowings (principal + interest) / FY2022 — 0 (nil): FY2022 financing statement explicitly shows a dash for borrowing principal-and-interest repayments.
- Repayment of borrowings (principal + interest) / FY2023 — 0 (nil): FY2024 comparative financing statement explicitly shows a dash for FY2023 borrowing principal-and-interest repayments.
- Lease interest paid / FY2023 — Included in combined line: FY2023 issuer cash-flow statement combines lease principal and interest in one payment; the combined amount is shown in the row below and cannot be split reliably.
- Lease interest paid / FY2024 — Included in combined line: FY2024 issuer cash-flow statement combines lease principal and interest in one payment; the combined amount is shown in the row below and cannot be split reliably.
- Lease interest paid / FY2025 — Included in combined line: FY2025 issuer cash-flow statement combines lease principal and interest in one payment; the combined amount is shown in the row below and cannot be split reliably.
- Lease principal paid / FY2023 — Included in combined line: FY2023 issuer cash-flow statement combines lease principal and interest in one payment; the combined amount is shown in the row below and cannot be split reliably.
- Lease principal paid / FY2024 — Included in combined line: FY2024 issuer cash-flow statement combines lease principal and interest in one payment; the combined amount is shown in the row below and cannot be split reliably.
- Lease principal paid / FY2025 — Included in combined line: FY2025 issuer cash-flow statement combines lease principal and interest in one payment; the combined amount is shown in the row below and cannot be split reliably.
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
Capital expenditure commitments at year end
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total capital commitments | 20,598 | 108,913 | 41,027 | 29,022 | 23,057 |
Undiscounted commitments, not cash capex.
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
FINANCIAL REVIEW / 04
Equity funding and shareholder returns
Share issuance and convertible-note conversion expanded the ordinary share base over this period. Syrah reported no dividends paid, recommended or declared in any of the five financial years. The share-movement table shows major issue categories and the reported opening and closing balances; it does not imply the selected categories alone form the full roll-forward.
FINANCIAL REVIEW / 05
Balama and Vidalia operating drivers
Balama production and third-party graphite sales declined after the FY2022 peak, with the late-2024 access disruption and mid-2025 recommencement marking a clear operating boundary. Vidalia AAM volumes in 2024 and 2025 were qualification-related; the table keeps those tonnes separate from Balama kt and graphite price.
Balama production and third-party sales
kt
Balama natural graphite productionBalama third-party natural graphite sales
AI-generated presentation · values from Balama and Vidalia operating volumes and price; no missing values plotted as zero.
Balama and Vidalia operating volumes and price
Mixed; row units shown
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Balama natural graphite productionkt | 72 | 163 | 94 | 35 | 67 |
| Balama third-party natural graphite saleskt | 54 | 162 | 85 | 50 | 55 |
| Weighted average graphite sales priceUS$/t CIF | 503 | 661 | 582 | 647 | 606 |
| Vidalia AAM productiont | Produced; volume not reported | Produced; volume not reported | 0 (nil) | 465 | 618 |
| Vidalia AAM qualification salest | Not applicable | Not applicable | Not applicable | 45 | 433 |
Balama production and sales values are rounded issuer narrative volumes in kt. Vidalia FY2023 production is stated as nil in the FY2024 annual comparative. FY2024–FY2025 Vidalia sales were qualification volumes, not commercial offtake sales.
Vidalia produced on-specification AAM for customer qualification in FY2021-FY2022, but no annual tonnes are resolved in selected evidence. The FY2024 report gives an explicit FY2023 nil production comparative. Qualification samples are not treated as qualification sales.
Basis and presentation notes (6)
- Vidalia AAM production / FY2021 — Produced; volume not reported: Vidalia commenced integrated on-specification AAM production after furnace commissioning in May 2021, but the selected annual evidence gives no FY2021 tonnage.
- Vidalia AAM production / FY2022 — Produced; volume not reported: FY2022 annual narrative says integrated on-specification AAM production continued for customer testing; it gives no annual tonnage.
- Vidalia AAM production / FY2023 — 0 (nil): FY2024 annual comparative explicitly states Vidalia AAM production was nil in 2023; first integrated production at the expanded facility occurred after FY2023.
- Vidalia AAM qualification sales / FY2021 — Not applicable: FY2021 Vidalia output was supplied for target-customer testing and qualification; the selected annual evidence does not describe commercial or qualification sales tonnage.
- Vidalia AAM qualification sales / FY2022 — Not applicable: FY2022 narrative describes iterative customer qualification testing, not a reported qualification-sales volume.
- Vidalia AAM qualification sales / FY2023 — Not applicable: FY2023 report says offtake sales would commence after product qualification and integrated production at the expanded facility occurred after year-end; no FY2023 qualification-sales volume is assigned.
Source: Annual operational records from the five selected Syrah annual report extractions.
Cost of sales components
US$'000
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Mining and production costs | 44,230 | 70,449 | 65,389 | 63,470 | 70,849 |
| Logistics costs | 11,860 | 18,163 | 14,002 | 13,855 | 10,157 |
| Government royalties | 433 | 1,716 | 903 | 260 | 554 |
| Depreciation and amortisation expense | 10,151 | 10,533 | 11,999 | 18,809 | 20,652 |
| Changes in inventories | -7,126 | -8,471 | -19,896 | 5,208 | -7,307 |
| Other costs | 2,115 | 486 | 95 | 1,762 | 305 |
| Total cost of sales | 61,663 | 92,876 | 72,492 | 103,364 | 95,210 |
US$ thousands. This note presents positive cost components; changes in inventories retain their reported sign. The FY2024 and FY2025 values use current-year columns, not later comparative columns.
Source: Syrah Resources annual reports FY2021–FY2025; exact records retained in the author evidence bundle.
Reading the figures
- This author edition uses the frozen annual extraction records and three selected same-issuer annual database tables. It has not been independently semantically reviewed or published.
- Cash and cash equivalents include restricted balances; the headline amount is not unrestricted liquidity.
- FY2023 borrowings are shown as originally issued in the five-year position series. The FY2024 annual report restated the FY2023 current/non-current split; both bases appear in the bridge.
- Vidalia AAM qualification sales are not presented as commercial offtake sales. No issuer forecast or valuation is included.
Annual-report source registry
- Syrah Resources Limited 31 December 2021 Annual ReportFinancial year ended 2021-12-31; annual report dated 2022-03-24.
- Syrah Resources Limited 31 December 2022 Annual ReportFinancial year ended 2022-12-31; annual report dated 2023-03-30.
- Syrah Resources Limited 31 December 2023 Annual ReportFinancial year ended 2023-12-31; annual report dated 2024-03-25.
- Syrah Resources Limited 2024 Annual ReportFinancial year ended 2024-12-31; annual report dated 2025-03-24.
- Syrah Resources Limited 2025 Annual ReportFinancial year ended 2025-12-31; annual report dated 2026-03-26.
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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AI-led method
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