Galilee Energy Ltd Quarterly Cashflow Report - June 2026
Key points
- Net cash used in operating activities was $4,271,000 for the quarter
- Net cash used in investing activities was $73,000 for the quarter
- Net cash provided by financing activities was $5,944,000 for the quarter
Full summary
Galilee Energy Ltd's Q2 2026 cash flow report shows a net cash outflow of $4,271,000 from operating activities, primarily due to exploration and evaluation costs. Investing activities used $73,000, while financing activities provided a net inflow of $5,944,000. The company expects to continue operations and meet objectives despite the current cash flow challenges.
Guidance
Net cash from operating activities: -$4,271,000 for Q2 2026
Outlook
Galilee Energy Ltd expects to continue its operations and meet its objectives, with ongoing monitoring of cash levels and potential further capital raising.
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