Middle Island Resources H1 net loss narrows 42% to $0.8 million

Reuters
Mar 13
<a href="https://laohu8.com/S/MDI.AU">Middle Island</a> Resources H1 net loss narrows 42% to $0.8 million

Middle Island reported a net loss after tax of AUD 0.8 million for the half-year ended 31 December 2025, improving 42% from the prior corresponding period. Cash and cash equivalents were AUD 3.47 million at 31 December 2025, and cash plus liquid investments totalled AUD 4.71 million. Exploration and evaluation expenses were AUD 0.46 million, down 48%, while salaries and employee benefits expense rose 50% to AUD 0.54 million. Tenement acquisition costs were AUD 17.44 million, reflecting the acquisition of Konstantin, which added 14 licences in Serbia covering about 620 km2. Middle Island said no matters or circumstances have arisen since period end that will significantly affect the company’s future operations.

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