Cash flow S2 Resources Ltd

Equities

S2R

AU000000S2R9

Gold

Delayed Australian S.E. Other stock markets 03:32:30 13/05/26 pm AEST			5-day change	1st Jan Change
0.0630 ^AUD	+3.28%		+5.00%	-8.70%

11/03	S2 Resources Ltd Reports Earnings Results for the Half Year Ended December 31, 2025	CI
14/02	Agnico Eagle Mines Limited Provides Update on 2026 Exploration Plans	CI

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Published financial data: S2 RESOURCES LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Other Revenues, Total	56.31K	167K	130K	469K	202K
Total Revenues	56.31K	167K	130K	469K	202K
Gross Profit	56.31K	167K	130K	469K	202K
Selling General & Admin Expenses, Total	1.26M	1.29M	1.45M	1.52M	1.02M
Exploration / Drilling Costs, Total	5.29M	4.72M	4.6M	5.18M	4.25M
Stock-Based Compensation (IS)	1.16M	1.36M	780K	1.24M	1.07M
Depreciation & Amortization - (IS)	152K	139K	148K	139K	104K
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses, Total	7.86M	7.51M	6.98M	8.08M	6.44M
Operating Income	-7.81M	-7.35M	-6.85M	-7.61M	-6.24M
Interest Expense, Total	-10.74K	-8.22K	-5.78K	-5.7K	-3.61K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-10.74K	-8.22K	-5.78K	-5.7K	-3.61K
Income (Loss) On Equity Invest.	-159K	-	-	-	-2.45M
Currency Exchange Gains (Loss)	-315K	-39.68K	51.09K	-7.13K	7.52K
Other Non Operating Income (Expenses)	-160K	-134K	-130K	-129K	-119K
EBT, Excl. Unusual Items	-8.45M	-7.53M	-6.94M	-7.76M	-8.81M
Gain (Loss) On Sale Of Investments	1.13M	-	-	-	27.75K
Gain (Loss) On Sale Of Assets	46.86K	162K	179K	35.73K	-
Other Unusual Items	36K	-	-	-	-
EBT, Incl. Unusual Items	-7.23M	-7.37M	-6.76M	-7.72M	-8.78M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-7.23M	-7.37M	-6.76M	-7.72M	-8.78M
Earnings Of Discontinued Operations	-	-	-	-470K	6.19M
Net Income to Company	-7.23M	-7.37M	-6.76M	-8.19M	-2.59M
Net Income - (IS)	-7.23M	-7.37M	-6.76M	-8.19M	-2.59M
Net Income to Common Incl Extra Items	-7.23M	-7.37M	-6.76M	-8.19M	-2.59M
Net Income to Common Excl. Extra Items	-7.23M	-7.37M	-6.76M	-7.72M	-8.78M
Per Share Items
Net EPS - Basic	-0.02	-0.02	-0.02	-0.02	-0.01
Basic EPS - Continuing Operations	-0.02	-0.02	-0.02	-0.02	-0.02
Basic Weighted Average Shares Outstanding	309M	349M	374M	434M	454M
Net EPS - Diluted	-0.02	-0.02	-0.02	-0.02	-0.01
Diluted EPS - Continuing Operations	-0.02	-0.02	-0.02	-0.02	-0.02
Diluted Weighted Average Shares Outstanding	309M	349M	374M	434M	454M
Normalized Basic EPS	-0.02	-0.01	-0.01	-0.01	-0.01
Normalized Diluted EPS	-0.02	-0.01	-0.01	-0.01	-0.01
Supplemental Items
EBITDA	-7.65M	-7.21M	-6.7M	-7.47M	-6.14M
EBITA	-7.81M	-7.35M	-6.85M	-7.61M	-6.24M
EBIT	-7.81M	-7.35M	-6.85M	-7.61M	-6.24M
EBITDAR	-7.53M	-7.11M	-6.61M	-7.36M	-6.02M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-5.28M	-4.7M	-4.33M	-4.85M	-5.5M
Interest on Long-Term Debt	10.74K	8.22K	5.78K	5.7K	3.61K
Supplemental Operating Expense Items
Marketing Expenses	357K	258K	182K	510K	-
Selling and Marketing Expenses	357K	258K	182K	510K	-
General and Administrative Expenses	188K	159K	255K	214K	-
Exploration/Drilling Costs	5.29M	4.72M	4.6M	5.18M	4.25M
Net Rental Expense, Total	125K	92.79K	93.39K	119K	115K
Imputed Operating Lease Interest Expense	48.86K	40.91K	30.74K	43.56K	45.07K
Imputed Operating Lease Depreciation	76.54K	51.87K	62.66K	75.82K	69.88K
Stock-Based Comp., Other (Total)	1.16M	1.36M	780K	1.24M	1.07M
Total Stock-Based Compensation	1.16M	1.36M	780K	1.24M	1.07M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.32M	5.41M	5.77M	5.32M	3.79M
Short Term Investments	6.25M	2.11M	753K	76.08K	38.04K
Total Cash And Short Term Investments	13.56M	7.52M	6.52M	5.4M	3.83M
Accounts Receivable, Total	101K	86.87K	130K	304K	170K
Other Receivables	-	-	-	-	-
Total Receivables	101K	86.87K	130K	304K	170K
Prepaid Expenses	-	-	-	-	-
Restricted Cash	323K	311K	340K	399K	302K
Other Current Assets, Total	-	-	-	991K	-
Total Current Assets	13.99M	7.92M	6.99M	7.09M	4.3M
Gross Property Plant And Equipment	2.67M	2.59M	2.7M	1.89M	1.8M
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	2.67M	2.59M	2.7M	1.89M	1.8M
Long-term Investments	-	-	-	-	3.96M
Other Intangibles, Total	-	-	-	-	-
Total Assets	16.66M	10.51M	9.69M	8.99M	10.07M
Liabilities
Accounts Payable, Total	757K	282K	503K	615K	704K
Accrued Expenses, Total	-	-	-	-	-
Current Portion of Leases	74.72K	87.8K	74.67K	46.52K	55.03K
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	92.19K	107K	68.01K	110K	165K
Total Current Liabilities	924K	477K	646K	772K	924K
Long-Term Leases	102K	33.59K	85.14K	43.7K	1.9K
Other Non Current Liabilities	-	61.84K	73.44K	82.8K	22.85K
Total Liabilities	1.03M	572K	805K	898K	949K
Common Stock, Total	61.18M	65.83M	71.91M	78.73M	81.35M
Retained Earnings	-52.45M	-58.97M	-65.63M	-73.02M	-74.1M
Comprehensive Income and Other	6.9M	3.08M	2.6M	2.38M	1.88M
Total Common Equity	15.64M	9.94M	8.88M	8.09M	9.12M
Total Equity	15.64M	9.94M	8.88M	8.09M	9.12M
Total Liabilities And Equity	16.66M	10.51M	9.69M	8.99M	10.07M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	315M	356M	410M	453M	493M
ECS Total Common Shares Outstanding	315M	356M	410M	453M	493M
Book Value / Share	0.05	0.03	0.02	0.02	0.02
Tangible Book Value	15.64M	9.94M	8.88M	8.09M	9.12M
Tangible Book Value Per Share	0.05	0.03	0.02	0.02	0.02
Total Debt	177K	121K	160K	90.22K	56.92K
Net Debt	-13.39M	-7.4M	-6.36M	-5.31M	-3.77M
Debt Equivalent Oper. Leases	1M	742K	747K	955K	920K
Equity Method Investments, Total	-	-	-	-	3.96M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	-	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-7.23M	-7.37M	-6.76M	-8.19M	-2.59M
Depreciation & Amortization - CF	152K	139K	148K	139K	104K
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	152K	139K	148K	139K	104K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-46.86K	-243K	-231K	-35.44K	-6.2M
(Gain) Loss on Sale of Investments - (CF)	-1.13M	-	-	-149K	-27.75K
(Income) Loss On Equity Investments - (CF)	159K	-	-	-	2.45M
Stock-Based Compensation (CF)	1.16M	1.36M	780K	1.24M	1.07M
Other Operating Activities, Total	310K	-34.38K	-55.37K	-59	-1
Change In Accounts Receivable	85.2K	-6.29K	-14.98K	-238K	-78.09K
Change In Accounts Payable	688K	-475K	222K	139K	88.23K
Change in Other Net Operating Assets	37.38K	76.86K	-27.6K	133K	22.54K
Cash from Operations	-5.83M	-6.54M	-5.94M	-6.96M	-5.17M
Capital Expenditure	-104K	-34.77K	-74.49K	-113K	-2.75K
Sale of Property, Plant, and Equipment	-	-	231K	36.93K	1.02K
Cash Acquisitions	-	-	-	-	-
Divestitures	-2.04K	-	-	-	1.08M
Investment in Marketable and Equity Securities, Total	-	-	173K	147K	-277K
Other Investing Activities, Total	-	144K	-	-	50K
Cash from Investing	-106K	110K	330K	70.8K	851K
Long-Term Debt Repaid, Total	-85.74K	-88.52K	-95.57K	-74.25K	-46.86K
Total Debt Repaid	-85.74K	-88.52K	-95.57K	-74.25K	-46.86K
Issuance of Common Stock	7.75M	4.98M	6.41M	7M	2.89M
Other Financing Activities, Total	-522K	-326K	-409K	-479K	-76.91K
Cash from Financing	7.14M	4.56M	5.91M	6.45M	2.77M
Foreign Exchange Rate Adjustments	-310K	-34.38K	53.35K	59	17.21K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	897K	-1.91M	356K	-445K	-1.53M
Supplemental Items
Cash Interest Paid	15.37K	13.52K	10.06K	11.4K	9.29K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-3.1M	-3.56M	-3.32M	-4.57M	-1.37M
Unlevered Free Cash Flow	-3.09M	-3.56M	-3.32M	-4.56M	-1.37M
Change In Net Working Capital	-585K	434K	-110K	1.07M	-1.37M
Net Debt Issued / Repaid	-85.74K	-88.52K	-95.57K	-74.25K	-46.86K

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-36.62	-33.79	-42.4	-50.97	-40.94
Return on Total Capital	-38.33	-35.49	-44.83	-55.27	-44.94
Return On Equity %	-57.85	-57.6	-71.8	-90.99	-102.03
Return on Common Equity	-57.85	-57.6	-71.8	-90.99	-102.03
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	2.24K	771.63	1.12K	323.97	507.61
EBITDA Margin %	-13.59K	-4.32K	-5.17K	-1.59K	-3.04K
EBITA Margin %	-13.86K	-4.4K	-5.29K	-1.62K	-3.09K
EBIT Margin %	-13.86K	-4.4K	-5.29K	-1.62K	-3.09K
Income From Continuing Operations Margin %	-12.85K	-4.41K	-5.21K	-1.65K	-4.35K
Net Income Margin %	-12.85K	-4.41K	-5.21K	-1.75K	-1.28K
Net Avail. For Common Margin %	-12.85K	-4.41K	-5.21K	-1.65K	-4.35K
Normalized Net Income Margin	-9.38K	-2.82K	-3.35K	-1.03K	-2.73K
Levered Free Cash Flow Margin	-5.5K	-2.13K	-2.56K	-973.9	-678.77
Unlevered Free Cash Flow Margin	-5.49K	-2.13K	-2.56K	-973.14	-677.65
Asset Turnover
Asset Turnover	0	0.01	0.01	0.05	0.02
Fixed Assets Turnover	0.03	0.06	0.05	0.2	0.11
Short Term Liquidity
Current Ratio	15.14	16.6	10.82	9.19	4.65
Quick Ratio	14.79	15.95	10.29	7.39	4.33
Operating Cash Flow to Current Liabilities	-6.31	-13.72	-9.19	-9.02	-5.59
Long Term Solvency
Total Debt/Equity	1.13	1.22	1.8	1.12	0.62
Total Debt / Total Capital	1.12	1.21	1.77	1.1	0.62
LT Debt/Equity	0.65	0.34	0.96	0.54	0.02
Long-Term Debt / Total Capital	0.65	0.33	0.94	0.53	0.02
Total Liabilities / Total Assets	6.16	5.45	8.31	9.99	9.42
EBIT / Interest Expense	-726.93	-893.48	-1.18K	-1.34K	-1.73K
EBITDA / Interest Expense	-712.79	-876.57	-1.16K	-1.31K	-1.7K
(EBITDA - Capex) / Interest Expense	-722.47	-880.79	-1.17K	-1.33K	-1.7K
Total Debt / EBITDA	-0.02	-0.02	-0.02	-0.01	-0.01
Net Debt / EBITDA	1.75	1.03	0.95	0.71	0.61
Total Debt / (EBITDA - Capex)	-0.02	-0.02	-0.02	-0.01	-0.01
Net Debt / (EBITDA - Capex)	1.73	1.02	0.94	0.7	0.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	196.4	-22.38	262.04	-57
Gross Profit, 1 Yr. Growth %	-	196.4	-22.38	262.04	-57
EBITDA, 1 Yr. Growth %	20.45	-5.4	-6.99	21.26	-17.91
EBITA, 1 Yr. Growth %	18.92	-5.46	-6.74	20.62	-18.04
EBIT, 1 Yr. Growth %	18.92	-5.46	-6.74	20.62	-18.04
Earnings From Cont. Operations, 1 Yr. Growth %	-3.22	1.81	-8.28	24.17	13.71
Net Income, 1 Yr. Growth %	-3.22	1.81	-8.28	21.24	-68.39
Normalized Net Income, 1 Yr. Growth %	4.82	-10.54	-7.87	21.25	13.55
Diluted EPS Before Extra, 1 Yr. Growth %	-22.39	-9.92	-14.23	7.02	8.51
Accounts Receivable, 1 Yr. Growth %	-43.03	-14.13	49.29	134.57	-43.95
Net Property, Plant and Equip., 1 Yr. Growth %	101.78	-3	3.89	-29.72	-4.72
Total Assets, 1 Yr. Growth %	66.92	-36.91	-7.86	-7.21	12.03
Tangible Book Value, 1 Yr. Growth %	66.75	-36.44	-10.65	-8.91	12.73
Common Equity, 1 Yr. Growth %	66.75	-36.44	-10.65	-8.91	12.73
Cash From Operations, 1 Yr. Growth %	2.45	12.32	-9.3	17.29	-25.79
Capital Expenditures, 1 Yr. Growth %	207.29	-66.55	114.24	52.35	-97.57
Levered Free Cash Flow, 1 Yr. Growth %	-3.26	15.86	-6.71	52.99	-70.03
Unlevered Free Cash Flow, 1 Yr. Growth %	-3.24	15.94	-6.67	53.06	-70.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	51.68	67.63	24.77
Gross Profit, 2 Yr. CAGR %	-	-	51.68	67.63	24.77
EBITDA, 2 Yr. CAGR %	6.03	6.5	-6.19	1.85	-0.23
EBITA, 2 Yr. CAGR %	5.82	5.79	-6.1	1.81	-0.57
EBIT, 2 Yr. CAGR %	5.82	5.79	-6.1	1.81	-0.57
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.58	-0.73	-3.37	2.38	18.83
Net Income, 2 Yr. CAGR %	-6.58	-0.73	-3.37	5.45	-38.09
Normalized Net Income, 2 Yr. CAGR %	5.22	-3.37	-9.21	1.51	17.33
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.34	-16.39	-12.1	-8.09	7.76
Accounts Receivable, 2 Yr. CAGR %	-	-30.05	13.22	87.13	14.66
Net Property, Plant and Equip., 2 Yr. CAGR %	50.54	39.9	0.39	-14.55	-18.17
Total Assets, 2 Yr. CAGR %	-0.3	2.62	-23.76	-7.53	1.96
Tangible Book Value, 2 Yr. CAGR %	-1.23	2.95	-24.64	-9.78	1.34
Common Equity, 2 Yr. CAGR %	-1.23	2.95	-24.64	-9.78	1.34
Cash From Operations, 2 Yr. CAGR %	-6.47	7.27	0.93	3.15	-6.71
Capital Expenditures, 2 Yr. CAGR %	156.65	1.39	-15.34	80.66	-80.77
Levered Free Cash Flow, 2 Yr. CAGR %	-12.38	5.48	3.96	13.26	-32.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.47	5.53	4.02	13.3	-32.3
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	102.7	6.51
Gross Profit, 3 Yr. CAGR %	-	-	-	102.7	6.51
EBITDA, 3 Yr. CAGR %	-4.03	1.91	1.8	-0.63	-5.22
EBITA, 3 Yr. CAGR %	-7.58	1.76	1.44	-0.67	-5.29
EBIT, 3 Yr. CAGR %	-7.58	1.76	1.44	-0.67	-5.29
Earnings From Cont. Operations, 3 Yr. CAGR %	62.89	-3.86	-3.32	2.19	6.02
Net Income, 3 Yr. CAGR %	62.89	-3.86	-3.32	4.22	-29.42
Normalized Net Income, 3 Yr. CAGR %	-4.13	-0.46	-4.89	-2.68	5.37
Diluted EPS Before Extra, 3 Yr. CAGR %	51.34	-14.25	-15.67	-8.7	-2.86
Accounts Receivable, 3 Yr. CAGR %	-	-	-9.94	44.34	25.2
Net Property, Plant and Equip., 3 Yr. CAGR %	27.49	30.03	26.69	-10.86	-11.39
Total Assets, 3 Yr. CAGR %	-13.11	-14.41	-1	-18.6	-1.42
Tangible Book Value, 3 Yr. CAGR %	-14.22	-14.73	-1.8	-19.72	-2.83
Common Equity, 3 Yr. CAGR %	-14.25	-14.73	-1.8	-19.72	-2.83
Cash From Operations, 3 Yr. CAGR %	-9.53	-0.58	1.44	6.12	-7.58
Capital Expenditures, 3 Yr. CAGR %	244.83	30.13	30.1	2.97	-57.05
Levered Free Cash Flow, 3 Yr. CAGR %	-11.54	-4.06	1.25	14.12	-27.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	-11.61	-4.11	1.29	14.17	-27.29
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-5.27	-5.92	-4.99	1.89	-0.69
EBITA, 5 Yr. CAGR %	-5.05	-5.8	-7.08	1.78	-1
EBIT, 5 Yr. CAGR %	-5.05	-5.8	-7.08	1.78	-1
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.25	-5.97	32.19	-1.41	3.27
Net Income, 5 Yr. CAGR %	-6.25	-5.97	32.19	-0.24	-19.11
Normalized Net Income, 5 Yr. CAGR %	-3.29	-5.04	-6.28	0.32	1.78
Diluted EPS Before Extra, 5 Yr. CAGR %	-12.76	-12.34	21.78	-11.84	-8.51
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-0.81
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.09	-12.27	15.87	9.93	6.37
Total Assets, 5 Yr. CAGR %	-3.66	-15.41	-17.54	-11.72	0.17
Tangible Book Value, 5 Yr. CAGR %	-3.63	-15.74	-18.55	-12.78	-0.56
Common Equity, 5 Yr. CAGR %	-3.72	-15.78	-18.56	-12.78	-0.56
Cash From Operations, 5 Yr. CAGR %	1.58	-2.14	-5.48	0.89	-1.9
Capital Expenditures, 5 Yr. CAGR %	-31.29	-52.65	96.62	48.38	-39.45
Levered Free Cash Flow, 5 Yr. CAGR %	-	-6.86	-5.78	2.52	-15.62
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-6.89	-5.8	2.51	-15.61