Highlights

  • Cash rose to $14.5 million at 30 September 2026, from $11.7 million.
  • The company received $10.0 million in Misima consideration and $8.3 million in equity proceeds.
  • The quarter included about $10.1 million in one-off payments linked to the transition to care and maintenance.
  • Kingston expects future cash outflows to be materially lower and says it does not currently need additional funding.

Kingston Resources Limited (ASX:KSN) has released its Appendix 5B quarterly cash flow report for the quarter ended 30 September 2026. The report shows a higher cash balance despite substantial one-off payments during the period.

Cash Flow Summary

Net cash used in operating activities was $7.38 million. Customer receipts were $2.52 million, while production payments were $7.34 million and staff costs were $2.11 million.

Investing activities generated a net inflow of $3.38 million, mainly from $10.0 million in Misima consideration, partly offset by $5.47 million spent on underground development. Financing activities contributed $6.81 million, including $8.34 million from equity issues.

One-Off Transition Costs

The company said the September quarter included about $10.1 million of one-off and non-recurring payments linked to the transition to care and maintenance and settling historical obligations. These included about $6.1 million for legacy creditors, open pit closure costs and redundancies, $1.2 million of prior-period equipment creditor payments and $2.8 million of underground resource development spending.

Kingston expects future cash outflows to be materially lower now that most transition costs and legacy creditors have been settled.

Funding Position

Cash at quarter end was $14.5 million, with $4.6 million of fully drawn equipment loan facilities. After the quarter, the company sold an underground truck, reducing finance lease and loan commitments by about $1.33 million.

Kingston said it does not currently need additional funding and expects to continue operations and meet its business objectives. It plans to continue managing liquidity, reducing liabilities and optimising its asset portfolio.

Key Takeaways

  • Kingston's cash balance rose to $14.5 million during the quarter.
  • Misima proceeds and an equity raise offset significant one-off payments.
  • Most transition and legacy costs have now been settled.
  • The company expects materially lower outflows going forward.