Celsius Resources loss widens as exploration expenditure weighs
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 A$2.2 million, about $1.5 million, widened from A$1.3 million in 2024.
The company reported no revenue, flat on-year, but saw other income rise to A$1,653 from A$77.
The wider loss is therefore attributed to rising costs, as exploration expenditure multiplied to A$1.0 million from A$281,874.
Directors’ and employee benefits expense grew 65% to A$260,154 from A$157,518, while travel and accommodation costs more than doubled to A$44,204 from A$17,568.
However, legal and professional fees fell 32% to A$282,320 from A$417,046.
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.
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