Q2 and H1 2025 Financial Results

Name	Role	Maximum number of shares awarded	Grant date	Vesting schedule
Alberto Lavandeira	Chief Executive Officer	218,000	23/04/2025	Vesting of 3 years, subject to performance
César Sánchez	Chief Financial Officer (PDMR)	113,091	23/04/2025	Same as above
Enrique Delgado	GM Riotinto (PDMR)	112,431	23/04/2025	Same as above
		443,522

Companies

Atalaya Mining (ATYM)

UK 100

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Period ended 30 June	Unit	Q2 2025	Q2 2024	H1 2025	H1 2024
Revenues from operations	€k	124,082	92,208	254,750	162,146
Operating costs	€k	(69,004)	(65,781)	(147,158)	(125,468)
EBITDA	€k	55,078	26,427	107,592	36,678
Profit for the period	€k	29,597	14,520	60,064	16,147
Basic earnings per share	€ cents/share	21.1	10.8	42.7	12.2
Interim dividend declared per share ⁽¹⁾	€/share	n/a	n/a	0.0440	0.0362
Cash flows from operating activities	€k	52,238	30,126	78,277	28,389
Cash flows used in investing activities	€k	(19,374)	(17,054)	(41,773)	(34,931)
Cash flows from financing activities	€k	1,294	(18,862)	14,889	(35,671)
Net cash position ⁽²⁾	€k	70,078	53,361	70,078	53,361
Working capital surplus	€k	92,246	63,408	92,246	63,408
Average realised copper price (excluding QPs)	US$/lb	4.27	4.54	4.27	4.26
Copper concentrate produced	tonnes	77,088	60,623	157,258	113,308
Copper production	tonnes	13,175	11,583	27,466	22,249
Cash Costs	US$/lb payable	2.21	2.88	2.23	2.93
All-In Sustaining Costs ("AISC")	US$/lb payable	2.81	3.20	2.78	3.19

	Unit	Q2 2025	Q2 2024	H1 2025	H1 2024
Ore mined	tonnes	3,512,257	3,797,923	7,223,300	7,499,752
Waste mined ⁽¹⁾	tonnes	12,648,006	7,507,378	23,959,290	13,047,055
Ore processed	tonnes	3,996,573	4,086,408	8,218,464	7,826,501
Copper grade	%	0.43	0.33	0.42	0.33
Copper concentrate grade	%	17.09	19.11	17.47	19.64
Copper recovery	%	76.75	85.81	78.90	85.30
Copper concentrate produced	tonnes	77,088	60,623	157,258	113,308
Copper production	tonnes	13,175	11,583	27,466	22,249
Payable copper production	tonnes	12,404	10,976	25,894	21,116
Cash Costs	US$/lb payable	2.21	2.88	2.23	2.93
All-in Sustaining Costs	US$/lb payable	2.81	3.20	2.78	3.19

US$/lb Cu payable	Q2 2025	Q2 2024	H1 2025	H1 2024
Mining	0.88	1.04	0.86	1.01
Processing	0.77	0.83	0.79	0.87
Other site operating costs	0.69	0.63	0.59	0.65
Total site operating costs	2.33	2.50	2.24	2.53
By-product credits	(0.40)	(0.23)	(0.32)	(0.19)
Freight, treatment charges and other offsite costs	0.29	0.61	0.31	0.58
Total offsite costs	(0.12)	0.38	(0.01)	0.40
Cash Costs	2.21	2.88	2.23	2.93

Cash Cost	2.21	2.88	2.23	2.93
Corporate costs	0.06	0.12	0.09	0.11
Sustaining capital (excluding tailings expansion)	0.02	0.05	0.04	0.03
Capitalised stripping costs ⁽¹⁾	0.41	0.06	0.33	0.03
Other costs	0.10	0.09	0.09	0.08
AISC	2.81	3.20	2.78	3.19

Event	Date
Ex-dividend date	11 September 2025
Record date	12 September 2025
Estimated payment date	10 October 2025

SEC Newgate UK	Elisabeth Cowell / Tom Carnegie / Gwen Samuel	+44 20 3757 6882
Atalaya Mining	Michael Rechsteiner	+34 959 59 28 50

	Unit	Guidance 2025
Ore mined	million tonnes	15 - 16
Waste mined ⁽¹⁾	million tonnes	47 - 50 ⁽²⁾
Ore processed	million tonnes	15.8 - 16.0 ⁽²⁾
Copper grade	%	0.39 - 0.41 ⁽²⁾
Copper recovery	%	78 - 80 ⁽²⁾
Copper production	tonnes	49,000 - 52,000 ⁽²⁾
Cash Costs	US$/lb payable	US$2.60 - 2.80 ⁽²⁾
All-in sustaining cost	US$/lb payable	US$3.10 - 3.30 ⁽²⁾

(Euro 000's)	Three month period ended 30 Jun 2025	Three month period ended 30 June 2024	Six month period ended 30 Jun 2025	Six month period ended 30 Jun 2024

Revenues	124,082	92,208	254,750	162,146
Costs of sales	(67,889)	(60,207)	(140,232)	(116,964)
Corporate expenses	(1,461)	(3,076)	(4,055)	(5,003)
Exploration expenses	(95)	(1,091)	(3,430)	(1,946)
Care and maintenance expenditures	2	(1,609)	(7)	(2,041)
Other income	439	202	566	486
EBITDA	55,078	26,427	107,592	36,678
Depreciation/amortisation	(12,901)	(10,984)	(25,795)	(20,590)
Net foreign exchange (loss)/gain	(3,875)	672	(5,956)	2,243
Net finance (cost)/income	-	(1)	(81)	(91)
Tax	(8,705)	(1,594)	(15,696)	(2,093)
Profit for the period	29,597	14,520	60,064	16,147

(Euro 000's)	30 Jun 2025	31 Dec 2024

Unrestricted cash and cash equivalents at Group level	83,747	43,184
Unrestricted cash and cash equivalents at Operation level	19,266	9,694
Consolidated cash and cash equivalents	103,013	52,878
Net cash position ⁽¹⁾	70,078	35,091
Working capital surplus	92,246	44,728

(Euro 000's)	Three month period ended 30 Jun 2025	Three month period ended 30 Jun 2024	Six month period ended 30 Jun 2025	Six month period ended 30 Jun 2024
Average rates for the periods
GBP - EUR	0.8490	0.8563	0.8423	0.8707
USD - EUR	1.1338	1.0858	1.0927	1.0833
Spot rates as at
GBP - EUR	0.8555	0.8551	0.8555	0.8551
USD - EUR	1.1720	1.0811	1.1720	1.0811

(Euro 000's)	Note	Three month period ended 30 Jun 2025	Three month period ended 30 Jun 2024	Six month period ended 30 Jun 2025	Six month period ended 30 Jun 2024
		(Unaudited and unreviewed)	(Unaudited and unreviewed)	(Unaudited)	(Unaudited)
Revenue	4	124,082	92,208	254,750	162,146
Operating costs and mine site administrative expenses		(67,598)	(60,056)	(139,695)	(116,662)
Mine site depreciation and amortisation		(12,901)	(10,984)	(25,795)	(20,590)
Gross profit		43,583	21,168	89,260	24,894
Administration and other expenses		(1,461)	(3,076)	(4,055)	(5,003)
Share-based benefits	16	(291)	(151)	(537)	(302)
Exploration expenses		(95)	(1,091)	(3,430)	(1,946)
Care and maintenance expenditure		2	(1,609)	(7)	(2,041)
Other income		439	202	566	486
Operating profit		42,177	15,443	81,797	16,088
Net foreign exchange (loss)/gain		(3,875)	672	(5,956)	2,243
Net finance income/(costs)	5	-	(1)	(81)	(91)
Profit before tax		38,302	16,114	75,760	18,240
Tax	6	(8,705)	(1,594)	(15,696)	(2,093)
Profit for the period		29,597	14,520	60,064	16,147

Profit for the period attributable to:
- Owners of the parent	7	29,681	15,104	60,148	17,130
- Non-controlling interests		(84)	(584)	(84)	(983)
		29,597	14,520	60,064	16,147

Earnings per share from operations attributable to equity holders of the parent during the period:
Basic earnings per share (EUR cents per share)	7	21.1	10.8	42.7	12.2
Fully diluted earnings per share (EUR cents per share)	7	20.3	10.4	41.1	11.8

Profit for the period		29,597	14,520	60,064	16,147
Other comprehensive income:		-	-	-	-
Other comprehensive income that will not be reclassified to profit or loss in subsequent periods (net of tax):
Change in fair value of financial assets through other comprehensive income 'OCI'		(1)	4	-	-
Total comprehensive income for the period		29,596	14,524	60,064	16,147

Total comprehensive income for the period attributable to:
- Owners of the parent	7	29,680	15,108	60,148	17,130
- Non-controlling interests		(84)	(584)	(84)	(983)
		29,596	14,524	60,064	16,147

(Euro 000's)	Note	Share capital	Share premium ⁽¹⁾	Other reserves	Accum. Profits	Total	NCI	Total equity
(Unaudited)		Share capital	Share premium ⁽¹⁾	Other reserves	Accum. Profits	Total	NCI	Total equity
At 1 January 2025		12,668	321,856	88,774	93,085	516,383	2,154	518,537
Profit for the period		-	-	-	60,148	60,148	(84)	60,064
Total comprehensive income		-	-	-	60,148	60,148	(84)	60,064
Recognition of share-based payments	16	-	-	537	-	537	-	537
Recognition of non-distributable reserve	16	-	-	1	(1)	-	-	-
Recognition of distributable reserve	16	-	-	13	(13)	-	-	-
Dividends	11	-	-	-	(3,871)	(3,871)	-	(3,871)
At 30 June 2025		12,668	321,856	89,325	149,348	573,197	2,070	575,267


(Euro 000's)	Note	Share capital	Share premium ⁽¹⁾	Other reserves	Accum. Profits	Total	NCI	Total equity
(Audited)		Share capital	Share premium ⁽¹⁾	Other reserves	Accum. Profits	Total	NCI	Total equity
At 1 January 2024		13,596	319,411	70,463	98,026	501,496	(9,104)	492,392
Profit for the period		-	-	-	17,130	17,130	(983)	16,147
Total comprehensive income		-	-	-	17,130	17,130	(983)	16,147
Issuance of share capital	15	74	2,448	-	-	2,522	-	2,522
Recognition of depletion factor	16	-	-	7,500	(7,500)	-	-	-
Recognition of share-based payments	16	-	-	302	-	302	-	302
Recognition of non-distributable reserve	16	-	-	142	(142)	-	-	-
Recognition of distributable reserve	16	-	-	9,297	(9,297)	-	-	-
Dividends	11	-	-	-	(5,244)	(5,244)	-	(5,244)
At 30 June 2024		13,670	321,859	87,704	92,973	516,206	(10,087)	506,119

Financial assets or liabilities (Euro 000's)	Level 1	Level 2	Level 3	Total
30 Jun 2025
Other financial assets
Financial assets at FV through OCI	23	-	1,101	1,124
Trade and other receivables	-	-	-	-
Receivables (subject to provisional pricing)	-	29,451	-	29,451
Total	23	29,451	1,101	30,575

31 Dec 2024
Other financial assets
Financial assets at FV through OCI	23	-	1,101	1,124
Trade and other receivables
Receivables (subject to provisional pricing)	-	10,769	-	10,769
Total	23	10,769	1,101	11,893

Revenue - from external customers	Three month period ended 30 Jun 2025	Three month period ended 30 June 2024	Six month period ended 30 Jun 2025	Six month period ended 30 Jun 2024
	€'000	€'000	€'000	€'000
Switzerland	78,210	76,805	184,835	127,042
Singapore	45,689	15,403	69,656	35,104
Spain	183	-	259	-
	124,082	92,208	254,750	162,146

Non-current assets	30 Jun 2025	31 Dec 2024
	€'000	€'000
Spain	493,116	479,241
	493,116	479,241

(Euro 000's)	Three months ended 30 Jun 2025	Three months ended 30 Jun 2024	Six months ended 30 Jun 2025	Six months ended 30 Jun 2024
Profit attributable to equity holders of the parent	29,681	15,104	60,148	17,130

Weighted number of ordinary shares for the purposes of basic earnings per share (000's)	140,759	140,196	140,759	140,044
Basic profit per share (EUR cents/share)	21.1	10.8	42.7	12.2

Weighted number of ordinary shares for the purposes of fully diluted earnings per share (000's)	146,430	145,000	146,306	144,821
Fully diluted profit per share (EUR cents/share)	20.3	10.4	41.1	11.8


Neil Gregson (Chair)	Alberto Lavandeira (CEO)

(Euro 000's)	Note	Three month period ended 30 Jun 2025	Three month period ended 30 Jun 2024	Six month period ended 30 Jun 2025		Six month period ended 30 Jun 2024
		(Unaudited and unreviewed)	(Unaudited and unreviewed)	(Unaudited)		(Unaudited)
Cash flows from operating activities
Profit before tax		38,302	16,114	75,760		18,240
Adjustments for:
Depreciation of property, plant and equipment	8	11,585	10,300	23,092		19,326
Amortisation of intangibles	9	1,316	685	2,703		1,264
Recognition of share-based payments	16	291	151	537		302
Interest income	5	(743)	(452)	(1,354)		(987)
Interest expense	5	505	445	960		956
Unwinding of discounting on mine rehabilitation provision	18	238	-	475		107
Net foreign exchange differences		3,875	(672)	5,956		(2,243)
Unrealised foreign exchange loss on financing activities		(30)	250	14		1,285
Cash inflows from operating activities before working capital changes		55,339	26,821	108,143		38,250
Changes in working capital:
Inventories	10	6,578	(2,560)	11,769		(4,804)
Trade and other receivables	12	66	2,684	(29,258)		5
Trade and other payables	17	(2,521)	3,695	(3,149)		(2,518)
Provisions	18	(283)	(60)	(520)		(331)
Cash flows from operations		59,179	30,580	86,985		30,602
Tax paid		(6,705)	-	(7,970)		(1,242)
Interest on leases liabilities	5	9	(8)	-		(15)
Interest paid	5	(245)	(446)	(738)		(956)
Net cash from operating activities		52,238	30,126	78,277		28,389

Cash flows from investing activities
Purchase of property, plant and equipment	8	(17,244)	(16,552)	(33,816)		(34,405)
Purchase of intangible assets	9	(2,423)	(622)	(4,752)		(894)
Payments for investments		563	-	(3,546)		-
Interest received	5	(270)	120	341		368
Net cash used in investing activities		(19,374)	(17,054)	(41,773)		(34,931)

Cash flows from financing activities
Lease payments	19	(131)	(123)	(259)		(333)
Proceeds from borrowings	18	3,129	-	19,733		-
Repayment of borrowings	18	(1,704)	(21,261)	(4,585)		(37,860)
Proceeds from issuance of shares	14	-	2,522	-		2,522
Net cash from/(used in) financing activities		1,294	(18,862)	14,889		(35,671)

Net increase/(decrease) in cash and cash equivalents		34,158	(5,790)	51,393	(42,213)

(Euro 000's)	Land and buildings	Right-of-use assets	Plant and machinery	Assets under construction ⁽¹⁾	Deferred mining costs ⁽²⁾	Other assets ⁽³⁾	Total
Cost
At 1 January 2024	83,517	7,076	319,129	70,601	64,072	951	545,346
Adjustments	-	-	5	-	-	-	5
Opening adjusted	83,517	7,076	319,134	70,601	64,072	951	545,351
Additions	151	-	561	32,388	1,310	-	34,410
Reclassifications	-	-	1,958	(1,958)	-	-	-
Increase in rehab. Provision	741	-	-	-	-	-	741
Write-off	-	(148)	(439)	-	-	-	(587)
At 30 June 2024	84,409	6,928	321,214	101,031	65,382	951	579,915
Additions	82	-	(229)	20,413	8,592	-	28,858
Increase in rehab. Provision	2,533	-	-	-	-	-	2,533
Reclassifications	-	-	19,092	(20,011)	-	29	(890)
Other transfers	(572)	-	-	(2,586)⁽⁶⁾	-	-	(3,158)
Write-off	-	-	439	-	-	-	439
Advances	-	-	-	1,601⁽⁴⁾	-	-	1,601
At 31 December 2024	86,452	6,928	340,516	100,448	73,974	980	609,298
Additions ⁽⁸⁾	392	-	-	16,570	17,178	-	34,140
Increase in rehab. Provision	116	-	-	-	-	-	116
Reclassifications	-	-	2,468⁽⁷⁾	(1,839)	-	19	648
Disposals	-	-	-	(14)	-	-	(14)
30 Jun 2025	86,960	6,928	342,984	115,165	91,152	999	644,188

Depreciation
At 1 January 2024	24,702	2,531	113,547	-	19,063	764	160,607
Adjustments	-	-	1	-	-	-	1
Opening adjusted	24,702	2,531	113,548	-	19,063	764	160,608
Charge for the period⁽⁵⁾	3,387	244	13,201	-	2,530	21	19,383
Write-off	-	(57)	-	-	-	-	(57)
At 30 June 2024	28,089	2,718	126,749	-	21,593	785	179,934
Charge for the period	2,805	253	14,127	-	3,125	22	20,332
At 31 December 2024	30,894	2,971	140,876	-	24,718	807	200,266
Charge for the period	3,012	257	15,917	-	3,872	34	23,092
30 Jun 2025	33,906	3,228	156,793	-	28,590	841	223,358

Net book value
30 Jun 2025	53,054	3,700	186,191	115,165	62,562	158	420,830
At 31 December 2024	55,558	3,957	199,640	100,448	49,256	173	409,032

Description	Caption	Note	Amount (€k)
Pilot plant	Non-current receivables	13	2,976
Industrial Plant	Non-current Receivables (prepayments)	12	30,117
Industrial Plant	PPE	8	13,025
Convertible Loan	Current receivables	13	9,535
			55,356

(Euro 000's)	Permits ⁽¹⁾	Licences, R&D and software	Other intangible assets	Total
Cost
At 1 January 2024	81,199	8,758	-	89,957
Additions	894	-	-	894
At 30 June 2024	82,093	8,758	-	90,851
Additions	(894)	-	17,771 ⁽²⁾	16,877
Reclassifications	(3,128)	(6,948)	10,076	-
At 31 December 2024	78,071	1,810	27,847	107,728
Additions	-	-	4,752	4,752
Reclassification	-	28	-	28
30 Jun 2025	78,071	1,838	32,599	112,508
Amortisation
At 1 January 2024	32,080	8,480	-	40,560
Charge for the period	1,249	15	-	1,264
At 30 June 2024	33,329	8,495	-	41,824
Charge for the period	2,629	14	-	2,643
Reversal of impairment losses	-	(6,948)⁽³⁾	-	(6,948)
At 31 December 2024	35,958	1,561	-	37,519
Charge for the period	2,687	16	-	2,703
At 30 June 2025	38,645	1,577	-	40,222
Net book value
At 30 June 2025	39,426	261	32,599	72,286
At 31 December 2024	42,113	249	27,847	70,209

(Euro 000's)	30 Jun 2025	30 Jun 2024	31 Dec 2024
Dividend payable	3,871	5,244	-

(Euro 000's)	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Jun 2024	31 Mar 2024
Unrestricted cash and cash equivalents at Group level	83,747	44,020	43,184	76,253	58,895
Unrestricted cash and cash equivalents at Operation level	19,266	25,641	9,694	4,784	27,260
Consolidated cash and cash equivalents	103,013	69,661	52,878	81,037	86,155

Issued and fully paid			Shares	Share Capital	Share premium	Total
Issue Date	Price (£)	Details	000's	€'000	€'000	€'000
31 December 2023/1 January 2024			139,880	13,596	319,411	333,007


9-Feb-24	3.090	Exercised share options ^(a)	20	3	71	74
7-May-24	2.015	Exercised share options ^(b)	67	6	151	157
22-May-24	2.015	Exercised share options ^(c)	600	53	1,368	1,421
27-Jun-24	4.160	Exercised share options ^(d)	120	11	570	581
27-Jun-24	3.575	Exercised share options ^(d)	36	3	149	152
27-Jun-24	3.270	Exercised share options ^(d)	36	3	136	139
26-Dec-24		Capital increase**	-	272	-	272
26-Dec-24		Capital decrease**	-	(1,279)	-	(1,279)
31-Dec-24			140,759	12,668	321,856	334,524
At 30-Jun-25			140,759	12,668	321,856	334,524

Grant date		Expiry date		Exercise price £		Share options
30 June 2020		29 June 2030		1.475		516,000
24 June 2021		23 June 2031		3.090		996,000
22 June 2022		30 June 2027		3.575		1,150,000
22 May 2023		21 May 2028		3.270		1,230,000
11 June 2024		10 June 2029		4.135		1,260,000
22 Dec 2024		21 Dec 2029		3.335		150,000
Total						5,302,000

			Weighted average exercise price £		Share options
	At 1 January 2025		3.343		5,423,666
	Options exercised during the year		3.423		(40,000)
Expired during the year			-		(81,666)
	Granted during the year		-		-
	30 June 2025		3.343		5,302,000

(Euro 000's)	Share option	Bonus share	Depletion factor ⁽¹⁾	FV reserve of financial assets at FVOCI ⁽²⁾	Non-Distributable reserve ⁽³⁾	Distributable reserve ⁽⁴⁾	Total
At 1 January 2024	11,026	208	37,778	(1,156)	8,316	14,291	70,463
Recognition of share- based payments	302	-	-	-	-	-	302
Recognition of non-distributable reserve	-	-	-	-	142	-	142
Recognition of distributable reserve	-	-	-	-	-	9,297	9,297
Recognition of depletion factor	-	-	7,500	-	-	-	7,500
At 30 June 2024	11,328	208	45,278	(1,156)	8,458	23,588	87,704
Recognition of depletion factor	-	-	1,449	-	-	-	1,449
Recognition of distributable reserve	-	-	-	-	-	(1,449)	(1,449)
Recognition of share-based payments	1,077	-	-	-	-	-	1,077
Change in fair value of financial assets at fair value through OCI	-	-	-	(7)	-	-	(7)
Other changes in reserves	464	-	-	-	-	(464)	-
At 31 December 2024	12,869	208	46,727	(1,163)	8,458	21,675	88,774
Recognition of share-based payments	537	-	-	-	-	-	537
Recognition of non-distributable reserve	-	-	-	-	1	-	1
Recognition of distributable reserve	-	-	-	-	-	13	13
At 30 June 2025	13,406	208	46,727	(1,163)	8,459	21,688	89,325

(Euro 000's)	Other provisions	Legal costs	Rehabilitation costs	Total costs
At 1 January 2024	750	227	26,691	27,668
Used of provision	-	(34)	(297)	(331)
Increase in provision	-	-	740	740
Finance cost	-	-	107	107
Transfer to other non-current payables	(750)	-	-	(750)
At 30 June 2024	-	193	27,241	27,434
Additions	-	230	-	230
Increase in provision	-	-	2,534	2,534
Use of provision	-	(28)	(647)	(675)
Finance cost	-	-	721	721
At 31 December 2024	-	395	29,849	30,244
Use of provision	-	(100)	(420)	(520)
Increase in provision	-	-	116	116
Finance cost	-	-	475	475
At 30 June 2025	-	295	30,020	30,315

Net cash (€'000)	30 Jun 2025	31 Dec 2024

Cash and cash equivalents	103,013	52,878
Borrowings - repayable within one year	(24,630)	(6,921)
Borrowings - repayable after one year	(8,305)	(10,866)
Lease - as per IAS 7	(3,561)	(3,801)
Net cash	66,517	31,290

€'000	Cash	Borrowings	Lease	Total
Net cash as at 1 Jan 2024	121,007	(66,687)	(4,378)	49,942
Financing cash flows	(38,937)	-	-	(38,937)
Proceeds from borrowings	-	(3,012)	-	(3,012)
Repayment of borrowings	-	42,027	210	42,237
Foreign exchanges adjustments	(1,033)	-	-	(1,033)
Other changes
Interest paid	-	956	-	956
Interest expense	-	(956)	(15)	(971)
Net cash as at 30 June 2024	81,037	(27,672)	(4,183)	49,182
Financing cash flows	(30,994)	-	-	(30,994)
Proceeds from borrowings	-	12	-	12
Repayment of borrowings	-	9,873	309	10,182
Foreign exchanges adjustments	2,835	-	-	2,835
Other changes
Interest paid	-	175	30	205
Interest expense	-	(175)	(15)	(190)
Other changes	-	-	58	58
Net cash as at 31 December 2024	52,878	(17,787)	(3,801)	31,290
Financing cash flows	51,393	-	-	51,393
Proceeds from borrowings	-	(19,733)	-	(19,733)
Repayment of borrowings	-	4,585	259	4,844
Foreign exchanges adjustments	(1,258)	-	-	(1,258)
Other changes
Interest paid	-	738	-	738
Interest expense	-	(738)	(19)	(757)
Net cash as at 30 June 2025	103,013	(32,935)	(3,561)	66,517