13th Mar 2026 16:30
(Alliance News) - Celsius Resources Ltd on Friday posted a widened full-year loss as increases in an array of expenses hampered the bottom line.
The Philippines-focused gold and copper producer reported a pretax loss for continuing operations in 2025 of AUD2.2 million, about USD1.5 million, widened from AUD1.3 million in 2024.
The company reported no revenue, flat on-year, but saw other income rise to AUD1,653 from AUD77.
The wider loss is therefore attributed to rising costs, as exploration expenditure multiplied to AUD1.0 million from AUD281,874.
Directors' and employee benefits expense grew 65% to AUD260,154 from AUD157,518, while travel and accommodation costs more than doubled to AUD44,204 from AUD17,568.
However, legal and professional fees fell 32% to AUD282,320 from AUD417,046.
Shares in the company fell 5.8% to 0.73 pence on Friday afternoon in London.
Looking ahead, Celsius said Makilala Mining Company Inc, an affiliate based in the Philipinnes, is nearing completion of the front-end engineering design and definitive feasibility study to "support the development of its flagship Maalinao-Caigutan-Biyog Copper-Gold project in the Cordillera administrative region."
"With more than 90 percent of deliverables finalized, major components-including mine design, process plant layout, and surface infrastructure planning-are already in place," said Celsius Resources.
By Christopher Ward, Alliance News reporter
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