Link: https://links.sgx.com/1.0.0/corporate-announcements/9FDUW8Z4A61L8TF6/1102b7c10e9cd8113a8e8265aae81ac5898516ec97950acff72688fee555d30c

Summary:

• Alita Resources reported net profit after tax of A$3.18 million for FY2025, reversing a prior-year group loss from continuing operations and lifting net assets to A$62.4 million.

• The company holds A$161.9 million in current assets, largely A$102.5 million in funds held on trust and A$58.2 million in receivables linked to tax exposures of former subsidiaries, against A$99.3 million in tax provisions.

• A key uncertainty is an A$58.1 million provision for an unresolved Australian Tax Office dispute over an offtake pricing arrangement, with the ultimate tax outcome still subject to objection and negotiation.

• Alita’s turnaround follows exit from liquidation in April 2024 and the A$150.2 million sale of its lithium business in FY2024, with the board now focused on resolving legacy tax matters and defining a new strategic direction.

• Liquidity remains tight with only A$0.64 million in cash at 30 June 2025, supported by a post-year-end A$2 million funding deed from Mineral Resources to cover ongoing compliance and management costs.