May 2025 Trading Update
| Stock | Chrysos Corporation Ltd (C79.ASX) |
|---|---|
| Release Time | 5 May 2025, 8:52 a.m. |
| Price Sensitive | Yes |
Chrysos Corporation Reports Q3 FY25 Trading Update
- Q3 FY25 unaudited revenue of $16.2m, up 5% QoQ and 25% YoY
- Q3 FY25 sample volumes up 7% QoQ and 57% YoY
- Two additional PhotonAssay units contracted with ALS, total now 58
Chrysos Corporation Ltd (ASX:C79) has provided a trading update for Q3 FY25, reporting unaudited revenue of $16.2m, reflecting a 5% increase quarter-on-quarter (QoQ) and a 25% increase year-on-year (YoY). Q3 FY25 sample volumes totalled 1.7m, reflecting 7% growth QoQ and 57% growth YoY, demonstrating ongoing conversion of gold mining projects, supported by existing and newly deployed units. The company has also contracted two additional PhotonAssay units with ALS, taking the total number of contracted units to 58. Chrysos is currently deploying five PhotonAssay units, including the third unit in support of Barrick's Nevada Gold Mines operation. The company remains well-funded to continue PhotonAssay unit growth, with $35.1m in cash and $77.1m in undrawn debt available as of 31 March 2025.
The company is on track to achieve its FY25 Guidance, with revenue tracking at the lower end of the $60m to $70m guidance range and EBITDA tracking below the midpoint of the $9m to $19m guidance range.