Your Directors present their report on Sunstone Metals Ltd (“Sunstone” or “Company”) and the entities it controlled (“Consolidated Entity” or “Group”) for the financial year ended 30 June 2025. Directors The following persons were Directors of Sunstone Metals Ltd any time during the financial year and up to the date of this report: Mr Malcolm Norris Non-executive Chair (appointed 16 September 2024) Executive Director – Exploration (until 15 September 2024) Mr Graham Ascough Non-executive Chair (retired 16 September 2024) Mr Patrick Duffy CEO & Managing Director Mr Stephen Stroud Non-Executive Director Mr Neal O’Connor Non-Executive Director Principal activities During the period, the principal activities of the Group consisted of mineral exploration and evaluation. Dividends No dividends were paid or recommended to be paid to members during the financial period. Review of operations Refer to the Operating Review contained in the Annual Report for further discussion regarding the Company’s operations. A summary of consolidated other income and results is set out below: 2025 $ 2024 $ Interest and other income 104,628 125,798 Profit/(loss) before income tax (2,406,942) (2,293,242) Income tax expense – – Profit/(loss) attributable to members of Sunstone Metals Limited (2,406,942) (2,293,242) Profit/(loss) attributable to non-controlling interests – – Earnings per share 2025 cents 2024 cents Basic and diluted earnings per share (0.0) (0.1) Financial Performance During the year ended 30 June 2025 the Group incurred a loss of $2,406,942 (2024: loss of $2,293,242). The increase in the loss compared with prior year is largely due to a reduction in the amount of corporate costs capitalised with the reduction in exploration activity compared with prior year. Interest income also declined, with $67,661 earned in the current year (2024: $125,798), with the reduction attributable to lower cash balances held during the year compared with prior year. Employee benefits expense reduced to $1,315,441 (2024: $1,380,280) with the absence of a bonus accrued for FY2025 offset by a decrease in salaries capitalised as a result of the reduction in exploration activities compared with prior year. Financial Position The Company’s non-current assets increased from $82,866,040 at 30 June 2024 to $91,896,094 at 30 June 2025, and the Company’s current assets were consistent at $3,168,636 (30 June 2024: to $3,121,402) at 30 June 2025. At the end of the financial year, the Group had cash balances of $2,674,579 (2024: $2,669,044) and net assets of $94,129,224 (2024: $83,915,712). Total liabilities amounted to $935,506 (2024: $2,071,730) and included trade, other payables, and provisions. Directors’ Report 24 Sunstone Metals Limited Annual Report 2025
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