10.3 Deferred Tax Assets  
The following deferred tax balances have not been recognised: 
 
2025 $ 
2024 $ 
Deferred Tax Assets 
 
 
Exploration expenditure 
30,625,267 
28,098,591 
Accrued expenses/ provisions 
11,900,904 
13,487,717 
Transaction costs relating to issue of capital 
187,295 
242,607 
Tax losses carried forward (net of tax losses utilised) 
25,344,781 
23,563,778 
Potential tax benefit 
68,058,247 
65,392,693 
The tax benefits of the above deferred tax assets will only be obtained if: 
 The Company derives future assessable income of a nature and of an amount sufficient to enable the benefit to be 
utilised; 
 The Company continues to comply with the conditions for the deductibility imposed by law; and  
 No changes in income tax legislation adversely affect the Company in utilising the benefits. 
Note 11. Dividends 
There were no dividends paid or declared during the period (2024: nil). 
Note 12. Earnings/(Loss) per Share 
12.1 Basic Loss per Share  
The calculation of basic and diluted earnings per share at 31 December 2025 was based on the loss attributable to ordinary 
shareholders of $14,308,070 (2024: $18,445,636) and a weighted average number of ordinary shares outstanding of 
520,174,759 (2024: 495,845,110), calculated as follows: 
12.2 Loss Attributable to Ordinary Shareholders 
 
2025 $ 
2024 $ 
Loss attributable to the shareholders 
(14,308,070) 
(18,455,636) 
12.3 Weighted Average Number of Ordinary Shares 
 
2025 $ 
2024 $ 
Issued ordinary shares at beginning of period 
496,701,213 
494,857,633 
Effect of shares issued 
23,473,546 
987,477 
Weighted average number of ordinary shares at the end of the period 
520,174,759 
495,845,110 
 
 
 
Loss per share (cents) 
(2.75) 
(3.72) 
Diluted loss per share (cents) 
(2.75) 
(3.72) 
12.4 Diluted Earnings per Share 
Potential ordinary shares were not considered to be dilutive as the Group made a loss for the year ended 31 December 2025 
and the exercise of potential shares would not increase that loss. 
Note 13. Cash and Cash Equivalents 
 
2025 $ 
2024 $ 
Cash at bank and on hand 
104,244 
218,612 
Deposits – short term 
24,472,937 
17,824,776 
 
24,577,181 
18,043,388 
The deposits are bearing floating and fixed interest rates between 4.10% & 4.12% in Australia and 11.26% & 15.48% in Brazil 
(2024: between 4.40% & 4.98% Australia and 10.83% & 11.40% Brazil). 
66
ANNUAL REPORT     CENTAURUS METALS LIMITED
CENTAURUS METALS ANNUAL REPORT 2025

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