**Summary of Cloudbreak Discovery PLCs Final Results for the Year Ended 30 June 2025**
Cloudbreak Discovery PLC, a London-listed royalty company and natural resources project generator, announced its final results for the year ended 30 June 2025. The company has undergone significant strategic repositioning, focusing on near-revenue projects, stable jurisdictions, and a balance between income-generating assets and high-upside exploration. Key highlights include
1. **Strategic Repositioning**
Shifted focus to near-revenue or value-pivot projects, stable regulatory environments, and a mix of income-generating assets (royalties) and high-upside exploration.
Appointed new leadershipPeter Huljich as Chairman and Tom Evans as Managing Director, both with extensive industry experience.
2. **Portfolio Management**
Divested non-core assets, including the sale of US oil assets (Masten Unit) to G2 Energy Corp for £100,000, eliminating £75,000 in liabilities.
Raised £300,000 via a share placing to strengthen cash position and fund exploration in Western Australia.
3. **Exploration Focus**
Pivoted to gold and base-metal exploration in Western Australia, initiating the Darlot West gold project and expanding landholdings.
Raised £600,000 post-year-end to accelerate Darlot West exploration and secure options for additional projects, including an 888 km² Au/Cu project and the Crofton Gold Project.
4. **Financial Performance**
Reported a loss for the year of £2.7 million, primarily due to impairments and exploration expenses.
Improved liquidity through asset sales and equity placements, with cash and cash equivalents at £53,197 as of 30 June 2025.
5. **Challenges and Risks**
Faces capital constraintsexecution riskspermitting delaysand commodity price fluctuations.
Exploration outcomes remain uncertain, and not all projects may yield discoveries or be economically viable.
6. **Outlook and Priorities**
Focus on executing exploration campaigns at Darlot West and advancing options for other projects.
Seek to monetize or spin off non-core assets and maintain financial discipline.
Cultivate partnerships to leverage royalty/earning rights with limited capital outlay.
The company believes its strategic repositioning places it in a stronger position to create value for shareholders, with a focus on active exploration and project generation rather than passive royalty holdings.
**Post-Year Events**
Completed the sale of US oil assets and raised £900,000 through equity placements.
Commenced exploration at Darlot West and acquired the Paterson Gold-Copper-Molybdenum Project in Western Australia.
Overall, Cloudbreak Discovery is transitioning from a passive royalty holder to an active explorer, with a strengthened balance sheet and a focus on high-potential projects in stable jurisdictions.
| Financial Metric | 30 June 2025 (£) | 30 June 2024 (£) | Change (£) |
|---|---|---|---|
| Total Assets | 261,404 | 2,489,509 | (2,228,105) |
| Total Liabilities | 614,342 | 1,542,186 | (927,844) |
| Net (Liabilities)/Assets | (352,938) | 947,323 | (1,299,261) |
| Cash and Cash Equivalents | 53,197 | 195,157 | (141,960) |
| Total Debt (Convertible Loan Notes) | 48,048 | 43,248 | 4,800 |
| Loss for the Year | (2,707,587) | (1,627,519) | (1,080,068) |
| Total Equity | (352,938) | 947,323 | (1,299,261) |