GEO Exploration Limited AIM:GEO
- Incorporated
- Australia
- Chief executive
- Omar Ahmad
- Reports in
- USD
Read straight from the annual reports
0.1c at close on 8 Oct 2026 · 10 reported years, 2016–2025
| Line | 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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USD 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.
10 years, at a glance
C000539-AR-2025-website
GEO Exploration Limited explores for gold in Western Australia and for oil off Namibia, and has no sales. In the year to 30 June 2025 its loss widened slightly to $1.1m, from $1.0m. Staff costs rose sharply as work on its new Juno gold project began. Much lower share-based pay, a one-off write-back of money set aside for staff holiday pay, and a currency gain partly offset this. It raised $2.9m from new shares, spent $885k on its projects and ended the year with $1.1m in cash, up from $193k. It owed $270k on an interest-free loan from its chief executive, which it repaid after the year end. No dividend was paid. Management pointed to a strong gold market and said talks with possible partners for the Namibian licence are advanced. After the year end it started its first drilling at Juno and raised a further £1,109,000. The report warns that there is serious doubt over whether the company can keep going, because this depends on raising more money or agreeing a Namibian deal.
Pre-revenue exploration-stage company; no production or sales
The Group has no source of operating revenue and settles its expenditure obligations from existing cash resources.
page 40Employee benefits expense increased
Employee benefits expense US$706,446 (2024: US$211,953)
page 35GEO's strategy is to maximise its exposure to exploration success... across high-impact projects in gold and oil exploration. Momentum positions GEO to capitalise fully on the buoyant gold market environment.
page 618 August 2025: Engaged DDH1 Drilling Pty Ltd to undertake maiden diamond drilling programme at Juno Project
page 22No dividends paid or declared during FY2025 (2024: Nil); Group does not expect to pay dividends while in exploration/development phase and does not have a dividend policy.
page 22Financial statements prepared on going concern basis but material uncertainty exists: Group incurred a loss of US$1,094,288 (2024: US$1,041,261) and net cash outflows from operations of US$1,208,044. Ability to continue as going concern depends on managing existing funds, raising further equity capital, or concluding a farm-out for PEL0094. Auditor Hall Chadwick WA Audit Pty Ltd issued an unmodified opinion with a 'Material Uncertainty Related to Going Concern' paragraph (opinion not modified). Key Audit Matter: Exploration and evaluation assets (US$3,589,780) given judgement required under AASB 6.
page 40- Going concern material uncertainty: Group dependent on raising further equity capital or concluding a farm-out of PEL0094; conditions outside Company's controlp.40
- Historic misappropriation of funds (2019-2023) by an external service provider identified; recovery quantum uncertain/undisclosedp.59
- Namibian farm-out execution risk for PEL0094 - financial position dependent on concluding value-accretive farm-out termsp.5
- Exploration risk - Juno Project drilling is pre-discovery (maiden drill programme only commenced post year-end); historical drilling in 1990s/2000s failed to reach target depthp.11
Read from C000539-AR-2025-website.
9 annual reports read, FY2017 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (9)
FY2026Next report expected 1 Nov 2026