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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Tlou Energy

TLOU · Botswana Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Tlou Energy Limited
Listing
TLOU on the Botswana Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2026 · annual report, signed / final · source

Read with these figures

  • Going-concern warning. The auditor's report for the year ended 30 June 2026 states a material uncertainty about whether the company can continue as a going concern.
Full wording and sources

  • Auditor's report, year to 2025-06-30: material uncertainty related to going concern

    Material uncertainty related to going concern: We draw attention to Note 1 in the financial report which describes the events and/or conditions which give rise to the existence of a material uncertainty that may cast significant doubt about the group's ability to continue as a going concern and therefore the group may be unable to realise its assets and discharge its liabilities in the normal course of business. Our opinion is not modified in respect of this matter. (PDF p63)

    Source: Tlou Energy Limited – Annual Report 2025, p63 (dated 2025-09-30)

  • Auditor's report, year to 2026-06-30: material uncertainty related to going concern

    Material uncertainty related to going concern: We draw attention to Note 1 in the financial report which describes the events and/or conditions which give rise to the existence of a material uncertainty that may cast significant doubt about the group's ability to continue as a going concern and therefore the group may be unable to realise its assets and discharge its liabilities in the normal course of business. Our opinion is not modified in respect of this matter. (PDF p56)

    Source: Tlou Energy Limited ABN 79 136 739 967 Annual Report for the year ended 30 June 2026, p56 (dated 2026-09-30)

  • Revenue

    Not reported in this filing

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    −AUD 60.0 million

    (59,960,699) AUD units · p28

    Change not shown.

  • Total assets

    AUD 23.0 million

    22,972,830 AUD units · p29

    −71.9% vs 2025

  • Total equity

    −AUD 3.07 million

    (3,071,950) AUD units · p29

    −105.0% vs 2025

  • Cash from operations

    −AUD 2.33 million

    (2,325,493) AUD units · p31

    Change not shown.

Large amounts are rounded for reading (AUD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in AUD units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Jun 2026 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2025 — annual report, signed / final; comparative in the FY to 30 Jun 2026 filing · source
    • Auditor's report, year to 2025-06-30: material uncertainty related to going concern. Material uncertainty related to going concern: We draw attention to Note 1 in the financial report which describes the events and/or conditions which give rise to the existence of a material uncertainty that may cast significant doubt about the group's ability to continue as a going concern and therefore the group may be unable to realise its assets and discharge its liabilities in the normal course of business. Our opinion is not modified in respect of this matter. (PDF p63)
  • FY to 30 Jun 2024 — annual report, signed / final; comparative in the FY to 30 Jun 2025 filing · source

Income statement

Income statement, AUD units. Columns: FY to 30 Jun 2026 — annual report (signed / final), as reported for the year; FY to 30 Jun 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingsource limitationsFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Interest income 249 2,237 13,339
Other income 13,974 –1 Not reported in this filing2
Employee benefits expense (734,972) (958,116) (1,322,923)
Depreciation expense (95,191) (107,288) (108,850)
Impairment - exploration and evaluation assets3 (56,292,624) –1 Not reported in this filing4
Foreign exchange gain/(loss) 341,283 (213,135) (8,799)
Interest expense (2,225,867) (2,257,784) (1,087,946)
Share-based payment expense56 –1 (7,897) (45,821)
Professional fees7 (303,397) (413,115) (326,358)
Occupancy costs8 (32,201) (13,747) (17,346)
Other expenses (633,765) (915,860) (1,329,453)
Fair value gain/(loss) on financial instruments9 1,812 104,907 (17,450)
LOSS BEFORE INCOME TAX (59,960,699) (4,779,798) (4,251,607)
Income tax –10 –10 –10
LOSS FOR THE PERIOD (59,960,699) (4,779,798) (4,251,607)
Exchange differences on translation of foreign operations11 (4,482,372) 2,555,254 (1,422,107)
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) (4,482,372) 2,555,254 (1,422,107)
TOTAL COMPREHENSIVE INCOME/(LOSS) (64,443,071) (2,224,544) (5,673,714)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (9)
  1. Not reported in this filing: Not reported: the FY2025 Consolidated Statement of Comprehensive Income (p28, text layer) prints no 'Other income' line; income is 'Interest income' 13,339 only for June 2024. 'Other income' first appears in the FY2026 statement.
  2. “Impairment - exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Note 9: impairment of exploration and evaluation assets.
  3. Not reported in this filing: Not reported: the FY2025 Consolidated Statement of Comprehensive Income (p28, text layer) prints no impairment of exploration and evaluation assets line; its expense lines are employee benefits, depreciation, foreign exchange, interest, share based payment, professional fees, occupancy, other expenses and fair value gain/(loss).
  4. “Share-based payment expense” is an issuer-specific line, not mapped to a shared definition: Expense line.
  5. Printed under different labels across filings: “Share based payment expense”; “Share-based payment expense”.
  6. “Professional fees” is an issuer-specific line, not mapped to a shared definition: Expense line.
  7. “Occupancy costs” is an issuer-specific line, not mapped to a shared definition: Expense line.
  8. “Fair value gain/(loss) on financial instruments” is an issuer-specific line, not mapped to a shared definition: Note 15: derivatives (convertible-note features).
  9. “Exchange differences on translation of foreign operations” is an issuer-specific line, not mapped to a shared definition: OCI, items that may be reclassified.

Balance sheet

Balance sheet, AUD units. Columns: FY to 30 Jun 2026 — annual report (signed / final), as reported for the year; FY to 30 Jun 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingsource limitationsFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Cash and cash equivalents 129,746 210,581 2,517,135
Trade and other receivables 323,822 227,189 497,667
Other current assets1 1,385,425 1,382,4042 660,372
TOTAL CURRENT ASSETS 1,838,993 1,820,1743 3,675,174
Exploration and evaluation assets4 20,060,772 78,808,960 71,994,040
Property, plant and equipment 1,073,065 1,254,378 1,284,618
TOTAL NON-CURRENT ASSETS 21,133,837 80,063,3385 73,857,585
TOTAL ASSETS 22,972,830 81,883,512 77,532,759
Trade and other payables 5,711,395 4,334,756 1,434,675
Convertible notes6 13,332,691 13,229,130 8,417,722
Derivatives 32,736 34,548 139,455
Related party loan78 –9 2,470,000 480,000
Lease liabilities –9 19,370 18,822
Provisions 310,545 294,587 511,970
TOTAL CURRENT LIABILITIES 19,387,367 20,382,391 11,002,644
Related party loan 6,506,913 –10 Not reported in this filing11
Provisions 150,500 130,000 134,000
TOTAL NON-CURRENT LIABILITIES 6,657,413 130,000 3,938,134
TOTAL LIABILITIES 26,044,780 20,512,391 14,940,778
NET ASSETS / (LIABILITIES)1213 (3,071,950) 61,371,121 62,591,981
Contributed equity 131,011,488 131,011,488 130,015,701
Reserves (12,646,517) (8,164,145) (9,416,123)
Accumulated losses (121,436,921) (61,476,222) (58,007,597)
TOTAL EQUITY / (DEFICIT)14 (3,071,950) 61,371,121 62,591,981
Other non-current assets15 Not reported in this filing16 Not reported in this filing1617 578,927
Convertible notes18 Not reported in this filing19 Not reported in this filing1920 3,785,480
Lease liabilities Not reported in this filing21 Not reported in this filing2120 18,654
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (19)
  1. “Other current assets” is an issuer-specific line, not mapped to a shared definition: Note 8: deposits and well consumables (well consumables reclassified from non-current in the comparative).
  2. Annual report dated 2025-09-30 prints 780,695 (units, p29) for this line and year.
  3. Annual report dated 2025-09-30 prints 1,218,465 (units, p29) for this line and year.
  4. “Exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Note 9.
  5. Annual report dated 2025-09-30 prints 80,665,047 (units, p29) for this line and year.
  6. “Convertible notes” is an issuer-specific line, not mapped to a shared definition: Note 13: convertible notes (current).
  7. “Related party loan”: mapping to a shared definition is uncertain. Printed 'Short term loan' (note 15: unsecured facility from ILC BC Pty Ltd, controlled by the same party as substantial shareholder ILC Investments Pty Ltd); the FY2026 report prints this as 'Related party loan'.
  8. Printed under different labels across filings: “Related party loan”; “Short term loan”.
  9. Not reported in this filing: Not reported: the FY2025 Consolidated Statement of Financial Position (p29, text layer) prints no 'Related party loan' line; its non-current liabilities are 'Convertible notes' 3,785,480, 'Lease liabilities' 18,654 and 'Provisions' 134,000 for June 2024.
  10. “NET ASSETS / (LIABILITIES)” is an issuer-specific line, not mapped to a shared definition: Total assets less total liabilities, printed between liabilities and equity.
  11. Printed under different labels across filings: “NET ASSETS”; “NET ASSETS / (LIABILITIES)”.
  12. Printed under different labels across filings: “TOTAL EQUITY”; “TOTAL EQUITY / (DEFICIT)”.
  13. “Other non-current assets” is an issuer-specific line, not mapped to a shared definition: Note 10 (FY2025).
  14. Not reported in this filing: Not reported: the FY2026 Consolidated Statement of Financial Position (p29, text layer) prints no 'Other non-current assets' line in either column; its non-current assets are 'Exploration and evaluation assets' and 'Property, plant and equipment' (the June 2025 'Other current assets' is re-presented as 1,382,404 against 780,695 in the FY2025 document).
  15. Annual report dated 2025-09-30 presents this line for this year: 601,709 (p29). Not shown in this column, which follows one filing's presentation.
  16. “Convertible notes” is an issuer-specific line, not mapped to a shared definition: Note 14 (FY2025): convertible notes due after more than 12 months.
  17. Not reported in this filing: Not reported: the FY2026 Consolidated Statement of Financial Position (p29, text layer) prints 'Convertible notes' under current liabilities only; its non-current liabilities are 'Related party loan' and 'Provisions'.
  18. Annual report dated 2025-09-30 presents this line for this year: - (p29). Not shown in this column, which follows one filing's presentation.
  19. Not reported in this filing: Not reported: the FY2026 Consolidated Statement of Financial Position (p29, text layer) prints 'Lease liabilities' under current liabilities only; its non-current liabilities are 'Related party loan' and 'Provisions'.

Cash flow

Cash flow, AUD units. Columns: FY to 30 Jun 2026 — annual report (signed / final), as reported for the year; FY to 30 Jun 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingsource limitationsFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Payments to suppliers and employees (inclusive of GST and VAT)1 (1,777,556) (1,133,356) (2,866,938)
Interest received 249 2,237 13,343
Interest paid2 (548,186) –3 Not reported in this filing4
NET CASH USED IN OPERATING ACTIVITIES (2,325,493) (1,131,119) (2,853,595)
Payments for exploration and evaluation assets5 (2,147,745) (4,085,316) (12,605,710)
Payment for property, plant and equipment (128,139) (126,098) (5,552)
NET CASH USED IN INVESTING ACTIVITIES (2,275,884) (4,211,415) (13,314,502)
Proceeds from issue of shares6 –7 995,788 8,480,258
Proceeds from related party borrowings8 4,036,913 1,990,000 Not reported in this filing9
Proceeds from other borrowings1011 512,143 –712 3,480,000
Payments of lease liabilities13 (18,870) (21,799) (18,860)
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,530,186 2,963,989 11,853,516
Net (decrease)/increase in cash held (71,191) (2,378,545) (4,314,581)
Cash at the beginning of the period 210,581 2,517,135 6,848,717
Effects of exchange rate changes on cash (9,644) 71,991 (17,001)
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR14 129,746 210,581 2,517,135
Deposits for purchase of property, plant and equipment15 Not reported in this filing16 Not reported in this filing1617 (703,240)
Issue costs18 Not reported in this filing19 Not reported in this filing1917 (87,882)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (17)
  1. “Payments to suppliers and employees (inclusive of GST and VAT)” is an issuer-specific line, not mapped to a shared definition: Operating activities (direct method).
  2. “Interest paid”: mapping to a shared definition is uncertain. One line for interest paid (convertible notes and loans); whether lease interest is included is not stated on the face.
  3. Not reported in this filing: Not reported: the FY2025 Consolidated Statement of Cash Flows (p31, text layer) prints no 'Interest paid' line; its operating lines are 'Payments to suppliers and employees (inclusive of GST and VAT)' and 'Interest received'.
  4. “Payments for exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  5. “Proceeds from issue of shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  6. “Proceeds from related party borrowings” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 14).
  7. Not reported in this filing: Not reported under this line: the FY2025 Consolidated Statement of Cash Flows (p31, text layer) prints 'Proceeds from borrowings' 3,480,000 for June 2024 (transcribed under proceeds_borrowings) and no line identified as related party borrowings; the FY2026 statement relabels its June 2025 figure (1,990,000) 'Proceeds from related party borrowings'. Not moved between concepts.
  8. “Proceeds from other borrowings”: mapping to a shared definition is uncertain. One line for all borrowings, including the short-term loan from ILC BC Pty Ltd (note 15); the FY2026 report prints related-party borrowings on their own line.
  9. Printed under different labels across filings: “Proceeds from borrowings”; “Proceeds from other borrowings”.
  10. Annual report dated 2025-09-30 prints 1,990,000 (units, p31) for this line and year.
  11. “Payments of lease liabilities”: mapping to a shared definition is uncertain. Printed 'Payments of lease liabilities'; whether interest is included is not stated on the face.
  12. Printed under different labels across filings: “CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD”; “CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR”.
  13. “Deposits for purchase of property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  14. Not reported in this filing: Not reported: the FY2026 Consolidated Statement of Cash Flows (p31, text layer) prints no deposits-for-property-plant-and-equipment line; its investing lines are 'Payments for exploration and evaluation assets' and 'Payment for property, plant and equipment'.
  15. Annual report dated 2025-09-30 presents this line for this year: - (p31). Not shown in this column, which follows one filing's presentation.
  16. “Issue costs” is an issuer-specific line, not mapped to a shared definition: Financing activities: costs of issuing shares.
  17. Not reported in this filing: Not reported: the FY2026 Consolidated Statement of Cash Flows (p31, text layer) prints no 'Issue costs' line; its financing lines are 'Proceeds from issue of shares', 'Proceeds from related party borrowings', 'Proceeds from other borrowings' and 'Payments of lease liabilities'.

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2026 — annual report (signed / final), as reported for the year; FY to 30 Jun 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingsource limitationsFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Earnings / (loss) per share (per share)3 (0.046)1 (0.004)2 (0.004)2
  1. Printed as (4.6) Cents; value converted to AUD at 100 Cents = 1 AUD.
  2. Printed as (0.4) Cents; value converted to AUD at 100 Cents = 1 AUD.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic loss per share”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Tlou Energy Limited ABN 79 136 739 967 Annual Report for the year ended 30 June 2026

    Year ended 30 June 2026 · Annual report · signed / final

    Audit: BDO Audit Pty Ltd, unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: BDO Audit Pty Ltd, R J Liddell, Director

    Final status: Independent auditor's report on the consolidated financial report (PDF pp56-59; opinion p56, unmodified with a material-uncertainty-related-to-going-concern paragraph) signed for BDO Audit Pty Ltd with a handwritten 'BDO' firm signature and the handwritten signature of R J Liddell, Director, Brisbane, 30 September 2026 (PDF p59, page image). Directors' declaration signed in accordance with a resolution of the directors by Ian Campbell, Director, Sydney, 30 September 2026 (PDF p55, page image).

    Document date
    30 Sep 2026
    Published
    2 Oct 2026
    Auditor's report
    30 Sep 2026
    Board approval
    30 Sep 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2026, FY to 30 Jun 2025
    Basis
    consolidated statements · AUD units (printed “$ (Australian dollars, rounded to the nearest dollar)”)
    • No revenue, gross-profit or operating-profit line is printed: interest and other income and expenses by nature run straight to loss before income tax. Income tax prints dashes for both years (nil confirmed by loss before income tax = loss for the period). No total equity and liabilities is printed; 'NET ASSETS / (LIABILITIES)' is printed instead (equal to total equity / (deficit)).
    • The comparative statement of financial position reclassifies well consumables from non-current to current assets (note 8, PDF p38: 'no impact on total assets, total equity, profit or loss, earnings per share or cash flows'); the June 2025 column is not headed restated and is not marked restated here.
    • Earnings per share is printed in cents (basic and diluted loss per share (4.6); 2025: (0.4), p28); stored in dollars with the printed figure and unit kept.
    • The auditor's report includes a 'Material uncertainty related to going concern' paragraph (opinion not modified, PDF p56).
    Technical details
    File
    74 pages, with a text layer
    SHA-256
    c4c9eb30b4a8b5b4e7fc03b6941ca871218ba67b73509c5fff8eeddf439f1bb3
    Entity as printed
    Tlou Energy Limited (the Company) and its subsidiaries (the Group)
    Exchange copy
    retrieved 2026-10-08T18:12:56Z

  • Tlou Energy Limited – Annual Report 2025

    Year ended 30 June 2025 · Annual report · signed / final

    Audit: BDO Audit Pty Ltd, unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: BDO Audit Pty Ltd, R J Liddell, Director

    Final status: Independent auditor's report on the consolidated financial report (PDF pp63-66; opinion p63, unmodified with a material-uncertainty-related-to-going-concern paragraph) signed for BDO Audit Pty Ltd with a handwritten 'BDO' firm signature and the handwritten signature of R J Liddell, Director, Brisbane, 30 September 2025 (PDF p66, page image). Directors' declaration signed in accordance with a resolution of the directors by Colm Cloonan, Director, Brisbane, 30 September 2025 (PDF p62, page image).

    Document date
    30 Sep 2025
    Published
    2 Oct 2025
    Auditor's report
    30 Sep 2025
    Board approval
    30 Sep 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2024
    Basis
    consolidated statements · AUD units (printed “$ (Australian dollars)”)
    • No revenue, gross-profit or operating-profit line is printed: interest income and expenses by nature run straight to loss before income tax. Income tax prints dashes for both years (nil confirmed by loss before income tax = loss for the period). No total equity and liabilities is printed; 'NET ASSETS' is printed instead (equal to total equity).
    • Earnings per share is printed in cents (basic and diluted loss per share (0.4); 2024: (0.4), p28); stored in dollars with the printed figure and unit kept.
    • The auditor's report includes a 'Material uncertainty related to going concern' paragraph (opinion not modified, PDF p63).
    Technical details
    File
    81 pages, with a text layer
    SHA-256
    a08af0c04e2f1c911c7cdfea4861f09aa31eb97d7a59146a097868f48a0c1c49
    Entity as printed
    Tlou Energy Limited (the Company) and its subsidiaries (the Group)
    Exchange copy
    retrieved 2026-10-08T18:14:20Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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