PBT swung to a $2.2m loss as FY25's impairment reversal dropped out
Operating cash outflow widened to NZ$2.0m, showing a cash-hungry gold explorer behind a distorted profit swing.
New Talisman swung from a profit before tax of NZ$4.1m in FY25 to a loss before tax of NZ$2.2m in FY26 (-153.9%), with net profit after tax falling to -NZ$2.3m from NZ$4.0m (-155.8%). This is not a clean like-for-like comparison: FY25's result was lifted by a disclosed impairment reversal, so the headline swing overstates any deterioration in ongoing operations rather than reflecting a comparable operating collapse. Revenue rose to NZ$0.053m from NZ$0.024m (+120.8%), but the base is trivial for an exploration-stage miner and the percentage move carries a basis discontinuity from the near-zero prior-year denominator, so it should not be read as a clean like-for-like trend.
2 July 2026
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