ANNUAL Report June 2024 Consolidated Statement of Profit or Loss and Other Comprehensive Income 15 Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Year ended 30 June 2024 Note 2024 $ 2023 $ Revenue 2 26,838,757 5,138,414 Other income 2 3,488,333 7,981,238 Total revenue & other income 30,327,090 13,119,652 Administration expenses (1,915,748) (1,077,473) Consultant expenses (364,943) (450,804) Depreciation 10 (6,145,479) (1,292,283) Amortisation – deferred exploration & evaluation 11 (1,021,333) (131,796) Development and testwork costs (1,027,001) (710,998) Exploration expenses written-off (16,063) (3,187) ESG initiatives (49,650) (45,540) Finance costs (2,624,813) (1,491,341) Foreign exchange gains (losses) 93,968 (221,964) Occupancy expenses (796,179) (276,104) Gain / (Loss) on disposal of fixed assets 2,718 (87,946) Production expenses (29,813,628) (4,547,603) Salaries and employee benefits expense (10,746,580) (5,248,052) Share based payments 29 (3,539,925) (674,837) Superannuation (523,597) (406,687) Travel and accommodation (97,719) (169,496) Total expenses (58,585,972) (16,836,111) Profit (Loss) before income tax expense (28,258,882) (3,716,459) Income tax expense 4 - - Profit (Loss) after income tax expense (28,258,882) (3,716,459) Other comprehensive income/(loss) Gain/(loss) on revaluation of financial assets (3,996) (387) Gain/(loss) on financial asset revaluation 1,698,278 - Bargain purchase gain 3 24,435,012 - Total Comprehensive Profit / (Loss) Attributable to Owners of EQ Resources Limited (2,129,588) (3,716,846) Cents Cents Basic profit (loss) per share 15 (0.13) (0.26) Diluted profit (loss) per share 15 (0.11) (0.24) Consolidated Statement of Profit or Loss and Other Comprehensive Income EQ Resources Limited Annual Report 2024 81
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