Gullewa Limited (ASX:GUL) Quarterly Cash Flow Update
Financial Performance Overview
Gullewa Limited has announced its consolidated cash flow report for the quarter ending December 31, 2024. The company reported a net cash increase of $655,000, concluding the quarter with cash and cash equivalents of $9,087,000.
Operating activities generated a positive cash flow of $116,000, with receipts from customers amounting to $1,168,000. Net cash from investing activities reported a deficit of $79,000, while financing activities saw a net influx of $618,000.
Operational Highlights
The company incurred $697,000 in exploration and evaluation costs during the quarter. It also received dividends totalling $23,000, contributing to its year-to-date cash flow of $2,384,000 from operating activities. Non-cash movements, such as interest received, amounted to $49,000 for the quarter.
Payments to related parties, including salaries and director fees, totalled $110,000 during the reporting period.
Statements from Management
David Deitz, the authorised representative of Gullewa Limited, stated that the results demonstrate a solid financial position, allowing the company to focus on upcoming operational opportunities and continued exploration efforts in Western Australia.
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