ANNUAL Report June 2025 Consolidated Statement of Profit or Loss and Other Comprehensive Income 6 Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Year ended 30 June 2025 Note 2025 $ 2024 $ Revenue 2 66,082,006 26,838,757 Other income 2 1,706,650 3,488,333 Total revenue & other income 67,788,656 30,327,090 Administration expenses (2,653,131) (1,915,748) Consultancy expenses (542,468) (364,943) Depreciation 10 (10,182,356) (5,609,711) Amortisation – deferred exploration & evaluation 11 (1,854,950) (1,021,333) Impairment – deferred exploration & evaluation 11 (1,204,830) - Impairment – asset acquisition 3 (4,614,769) - Development and testwork costs (1,592,814) (1,027,001) Exploration expenses written-off (12,670) (16,063) ESG initiatives (28,990) (49,650) Finance costs (5,600,644) (2,624,813) Foreign exchange gains 180,102 93,968 Occupancy expenses (1,436,075) (796,179) Gain / (Loss) on disposal of fixed assets (620,151) 2,718 Loss on disposal of exploration permits 11 (320,835) - Production expenses (68,305,974) (37,758,776) Salaries and employee benefits expense - corporate (4,278,194) (3,191,388) Superannuation – corporate (191,988) (133,641) Share based payments 30 (3,735,807) (3,539,925) Travel and accommodation (99,191) (97,719) Total expenses (107,095,735) (58,050,204) Profit (Loss) before income tax expense (39,307,079) (27,723,114) Income tax expense 4 - - Profit (Loss) after income tax expense (39,307,079) (27,723,114) Other comprehensive income/(loss) Loss on revaluation of financial assets (773) (3,996) Loss on lease modification (604,898) - Loss on financial asset revaluation (1,006,729) 1,698,278 Gain on extinguishment of financial liability 13 1,691,128 - Bargain purchase gain 3 - 11,603,781 Total Comprehensive Profit / (Loss) Attributable to Owners of EQ Resources Limited (39,228,351) (14,425,051) Cents Cents Basic loss per share 16 (1.70) (0.85) Diluted loss per share 16 (1.48) (0.76) 72 EQ Resources Limited Annual Report 2025 For the year ended 30 June 2025 Consolidated Statement of Profit or Loss and Other Comprehensive Income
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