• Receipts from customers of $63.4 million in Q1 2025
• Net cash from operating activities of $8.6 million in Q1 2025
• $94.2 million cash and cash equivalents at end of quarter

Develop Global Limited (DVP) has released its Appendix 5B Quarterly Cash Flow Report for the quarter ended 31 March 2025. The key highlights include:Receipts from customers of $63.4 million in the current quarter, bringing the year-to-date total to $182.6 million. Net cash from operating activities was $8.6 million in the current quarter and $21.9 million for the year-to-date.Payments for production, staff costs, and other operating expenses totaled $54.9 million in the current quarter. Interest received was $813,000, while interest and other finance costs paid were $665,000.Investing activities used $20.1 million in net cash, primarily for payments for property, plant and equipment ($19.6 million) and exploration and evaluation ($551,000). Financing activities used $6.5 million in net cash, mainly for repayment of borrowings.The company had cash and cash equivalents of $94.2 million at the end of the quarter, down from $112.2 million at the start of the quarter. Unused financing facilities available at quarter-end were $57.5 million.The report also provides details on the company's loan facilities and equipment financing arrangements.