Goliath Resources Limited ( (GOTRF) ) has released its Q4 earnings. Here is a breakdown of the information Goliath Resources Limited presented to its investors.
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Goliath Resources Limited is a Canadian mineral exploration company primarily focused on exploring and developing mineral properties in British Columbia. The company is listed on the TSX Venture Exchange under the symbol GOT.V.
In its latest earnings report for the fiscal year ending June 30, 2025, Goliath Resources Limited reported a significant increase in its cash and cash equivalents, rising from $3.06 million in 2024 to $32.16 million in 2025. Despite this increase in liquidity, the company reported a net loss of $30.97 million, compared to a net loss of $25.08 million in the previous year.
Key financial highlights from the report include a substantial increase in total assets, which rose to $45.25 million from $4.65 million the previous year. This was primarily driven by a significant rise in investments and cash reserves. However, the company’s liabilities also increased, totaling $11.92 million, up from $1.25 million in 2024. The company’s equity improved to $33.32 million from $3.40 million, reflecting successful financing activities including proceeds from private placements and the exercise of warrants and stock options.
Looking ahead, Goliath Resources Limited’s management remains focused on securing additional financing to support its exploration and acquisition activities. With a working capital of $33.32 million, management believes the company is well-positioned to continue its operations and pursue its strategic objectives over the next twelve months.