FITZROY QLD RESOURCES LIMITED

• ◆

  Material uncertainty over going concern

  While the Directors remain confident that the pledged support will be forthcoming there remains a material uncertainty in relation to the ability and willingness of the parties to provide this support throughout the going concern period. These material uncertainties may cast significant doubt on the Group's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from AU$ at 0.518 per AU$ (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the Directors remain confident that the pledged support will be forthcoming there remains a material uncertainty in relation to the ability and willingness of the parties to provide this support throughout the going concern period. These material uncertainties may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. FITZROY QLD RESOURCES LIMITED · parent
   1. Fitzroy Australia Resources Pty Ltd 100% · QLD, Australia
   2. Fitzroy Equipment Pty Ltd 100% · QLD, Australia
   3. J.A. Engineering Group Pty Ltd 75% · QLD, Australia
   4. Fitzroy (CQ) Pty Ltd 100% · QLD, Australia
   5. Broadlea Coal Management Pty Ltd 100% · QLD, Australia
   6. Fitzroy Coal Management Pty Ltd 100% · QLD, Australia
   7. Fitzroy Coal Sales Pty Ltd 100% · QLD, Australia
   8. Ironbark No.1 Pty Ltd 100% · QLD, Australia
   9. Nebo Central Coal Pty Ltd 100% · QLD, Australia
   10. Fitzroy Coal Exploration Pty Ltd 100% · QLD, Australia

Significant events

• “On 17 November 2025, it was announced that one of the current shareholders, AMCI, has agreed to sell its 70% controlling stake in Fitzroy to Argo QLD.”
• “On 14 November 2025 a sale and purchase agreement was executed between the Company and a Third Party to transfer 70% of the shares in the Company's wholly owned subsidiary Fitzroy (CQ) Pty Ltd to the Third Party.”
• “As part of the reorganisation process the Third Party and IMEA Fitzroy Pty Ltd have agreed to purchase the senior loan notes due to OCP Asia and AMCI of US$184m, in equal proportion.”
• “By mid-February 2025, mining in the final longwall panel at Carborough Downs successfully concluded with equipment extracted aboveground, overhauled, and moved to the new Ironbark site. Longwall mining operations at the Ironbark No.1 site commenced in early March 2025.”
• “The Group disposed of its 75% interest in J.A. Engineering Group Pty Ltd on 28 March 2025.”
• “In January 2025, the senior debt arrangement with OCP Asia and AMCI lender consortium was modified and the limit of the facility was extended to US $184,000,000.”
• “In the first half of the 2025 year, AMCI Group LLC Series 23 and ITOCHU Corporation IMEA Fitzroy Pty Ltd. shareholders provided support funds to the Group of US$10.0 million and US$17.3 million respectively.”
• “Subsequent to the reporting date, the Group did not comply with the OCP/AMCI senior loan covenant to maintain a minimum cash equivalent balance of $5.0 million.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

15

last 12 months

Capital events

3

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.