Berkeley Energia Limited LSE:BKY
- Incorporated
- Australia
- Chief executive
- Robert Behets
- Reports in
- AUD
Read straight from the annual reports
27.5c at close on 5 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201506/15 | FY201606/16 | FY201706/17 | FY201806/18 | FY201906/19 | FY202006/20 | FY202106/21 | FY202206/22 | FY202306/23 | FY202406/24 | FY202506/25 | FY2026unreported |
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| Revenue | — | — | — | — | — | — | — | — | — | |||
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| Net finance cost | — | — | ||||||||||
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| EBITDA | — | — | ||||||||||
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| Dividend per share | — | — | — | — | — |
AUD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
2 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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No operating revenue; income consists solely of interest earned on cash reserves ($3,024k in FY2025 vs $3,546k in FY2024, reflecting lower interest rates on the US$48m cash balance)
Note 2 Revenue: Interest income $3,024,000 (2024: $3,546,000)
page 35Exploration and evaluation expenditure (Conchas drilling/metallurgical test work)
Exploration and evaluation expenses increased to $4,153,000 (2024: $3,825,000) due to policy of expensing exploration expenditure incurred after acquisition of rights until a decision to develop is made
page 11Arbitration expenses against Spain
Arbitration expenses of $2,164,000 (2024: $925,000) relating to the ongoing ICSID proceedings against Spain
page 11A$742k charge: Deferred tax liability/expense on unrealised FX movements on US$48m cash
page 36Berkeley's strategic objective is to create long-term shareholder value with the Company's primary focus continuing to be on progressing the approvals required to commence construction of the Salamanca mine and bring it into production.
page 12Subsequent to year end, the ICSID Tribunal established the timetable and arbitration rules for the dispute with Spain, with the Company's Statement of Claim due to be filed in early 2026
page 4No dividends have been declared, provided for or paid in respect of FY2025 (2024: nil). The Company does not currently have a policy for dividends or capital returns while in the exploration/development phase and anticipates retaining future earnings and cash resources for development of the business
page 16Financial statements prepared on a going concern basis; audit opinion is unqualified/unmodified — Ernst & Young state the financial report gives a true and fair view and complies with the Corporations Act 2001 and IFRS. The single Key Audit Matter identified was the recognition and measurement of cash and cash equivalents ($73,594,000), given its significance to net assets
page 52- Litigation/arbitration risk — ICSID proceedings against Spain seeking ~US$1bn compensation, with no certainty of success, which may materially impact the Company's securitiesp.12
- Mining licences and government approvals risk — NSC II construction authorisation was rejected and remains contested; AEUL and UL permits were annulled by the Castilla y León High Court; further permits (e.g. waste water discharge) also face adverse rulings and appealsp.12
- The Company may not successfully acquire new projects to build shareholder value alongside the arbitration processp.14
- Regulatory risk — a 2021 Spanish law restricts new radioactive-mineral exploration/exploitation concessions, creating uncertainty for any future proceedings at Salamanca or elsewherep.14
Read from C000166-AR-2025-website.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: FCA NSM (4), Company website (6)
FY2026Next report expected 1 Sept 2026