ANNUAL Report June 2025 Consolidated Statement of Cash Flows 8 Consolidated Statement of Cash Flows For the Year ended 30 June 2025 Note 2025 $ 2024 $ Cash Flows from Operating Activities Proceeds from sales to customers 70,308,480 28,416,570 Proceeds from R & D tax offset - 2,152,803 Proceeds from diesel fuel rebate 1,500,270 749,802 Proceeds from grants 133,290 651,411 Proceeds from other sources 92,491 9,242 Payment to suppliers and employees (85,936,331) (43,679,827) Interest paid (2,091,172) (911,428) Interest paid for lease liabilities (950,770) (150,111) Interest received 27,053 57,984 Net Cash Flows Used in Operating Activities 23(a) (16,916,689) (12,703,554) Cash Flows from Investing Activities Payments for the purchase of plant and equipment (2,002,351) (12,656,696) Payments for other non-current assets (7,908,302) - Payments for the capitalised exploration and evaluation expenditure (278,465) (1,880,376) Payments for the purchase of other entities (1,236,376) (2,198,705) Proceeds from the sale or disposal of plant and equipment 50,605 8,956 Payment of loan to other entities (unincorporated joint venture) - (2,122,550) Payments for the purchase of tenements (2,499) - Payments / proceeds for tenement security deposits - (50,000) Net Cash Flows Used in Investing Activities (11,377,388) (18,899,371) Cash Flows from Financing Activities Proceeds from the issue of shares 25,704,870 34,269,999 Proceeds from the issue of convertible notes 3,000,000 750,000 Proceeds from the issue of share options - 2,495,744 Payments for share / convertible note issue costs (1,231,075) (430,748) Proceeds from long-term loan facilities - 259,860 Proceeds from short-term loan facilities (unincorporated joint venture) - 1,932,500 Proceeds from short-term loan facilities (other related parties) 1,065,993 - Payments for lease liabilities (3,513,001) (787,582) Payments for loans and borrowings (9,425,138) (16,548,000) Payments for transaction costs of loans and borrowings (154,901) (383,739) Proceeds from offtake prepayments 11,310,493 - Net Cash Flows from Financing Activities 26,757,241 21,558,034 Net (decrease)/increase in cash held (1,536,836) (10,044,891) Add opening cash brought forward 3,489,532 5,335,596 Add opening cash from acquiring other entities - 8,280,498 Effect of movement in exchange rates on cash held (78,204) (81,671) Closing Cash Carried Forward 23(b) 1,874,492 3,489,532 74 EQ Resources Limited Annual Report 2025 For the year ended 30 June 2025 Consolidated Statement of Cash Flows
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