Geo Exploration Ltd. (GEO.L), a mineral resource and hydrocarbon exploration company, Thursday reported wider pre-tax loss for fiscal year 2025, mainly with rise in Employee benefits expenses compared to last year.
Loss from continuing operations before tax was $1.09 million, wider than loss of $1.04 in the prior year.
For the full year, the company reported loss per share of 0.03 cents, compared to earnings per share of 0.07 cents a year ago.
Results from operating activities was negative $1.11 million, compared to negative $1.05 million a year earlier.
Employee benefits expense for the latest period was $0.71 million, higher than $0.21 million in the prior year. Meanwhile, administrative expense fell to $0.43 million from last year's $0.44 million.
The company did not report any income in fiscal 2025, while prior year's other income was $0.046 million, and write back of provision of annual leave was $0.26 million.
Looking ahead, GEO said it aims to maximize its exploration through high-impact projects in gold and oil exploration.
Omar Ahmad, Chief Executive Officer, said, "We enter the new financial year with strong momentum - debt free and strategically positioned to grow the Company."
On the London Stock Exchange, the shares were trading 1.1 percent higher, at 0.30 pence.
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