K2 Energy Limited reported audited consolidated earnings results for the year ended June 30, 2012. For the year, the company reported loss before income tax expense of AUD 1,052,250 compared to loss before income tax expense of AUD 1,843,101 for the same period a year ago. Loss was AUD 1,052,250 or 0.49 cents per basic share compared to AUD 1,843,101 or 0.95 cents per basic share last year.

Net cash flows used in operating activities was AUD 1,163,652 compared to AUD 1,640,720 last year.