Annual Report

The report presents Ballance's year ended 31 May 2025, combining full financial statements with non-financial highlights. It highlights a revised purpose and vision, a new ESG plan built around three pillars, and six material topics aligned with GRI Standards. Operationally, it reports a revised safety plan and a separate 2025 Scope 1 and Scope 2 GHG Inventory Report, while the Kapuni write-down contributed to a loss before tax.