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Toro Energy Limited (ASX:TOE)

ALERT: Price-sensitive ASX Announcement for TOE
Current share price for TOE : $0.550 0.07 (14.58%)+
Announcement
Release
31 Oct 2025 5:00PM
Price at Release
$0.480
Full Release
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Summary
Toro Energy Limited's Quarterly Activities and Cashflow Report for September 2025 highlights a net cash outflow of $1,595,000 primarily due to exploration and evaluation expenses. The company maintained its cash balance at $4,638,000 despite no customer receipts, new equity issues, or borrowings during the quarter. The report underscores ongoing activities in the Wiluna Uranium Project, which remains a key asset with significant resources under JORC 2012 standards. The cash position allows for an estimated 2.9 quarters of operations, and related party payments amounted to $379,000.
Key Points
  • Toro Energy Limited reported a net cash outflow of $1,595,000 from operating activities for the quarter ending 30 September 2025.
  • The company did not receive any receipts from customers and incurred expenses mainly from exploration, evaluation, staff costs, and administration.
  • Cash flow from investing activities resulted in a minor outflow of $11,000.
  • There were no new equity issues, debt securities, or borrowings reported in the financing activities.
  • The cash balance at the end of the period was $4,638,000, with a decrease from the beginning balance of $6,244,000.
  • The Wiluna Uranium Project is Toro’s primary focus, with significant resources estimated under JORC 2012 standards.
  • The company has estimated quarters of funding available at 2.9 based on the current cash outflows.
  • Payments to related parties totaled $379,000 during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.