American Battery Technology Company (ABAT) investor relations material

Executive summary

• Operates two business lines: lithium-ion battery recycling and primary claystone-to-lithium hydroxide production.

• Achieved first positive gross profit in Q3 2026, with revenue growth driven by increased production, higher market prices, and operational effectiveness in battery recycling.

• Record quarterly revenue of $7.8 million, up 64% sequentially and from $1.0M in Q3 2025.

• Maintains a strong balance sheet with $38.5 million in cash and no debt as of March 31, 2026.

• Awarded significant government grants and tax credits, including $19.5M and $40.5M tax credits and a $144M DOE grant for new recycling facilities.

Financial highlights

• Q3 2026 revenue was $7.8M, up from $1.0M in Q3 2025; nine-month revenue reached $13.5M.

• Q3 2026 gross profit was $0.7M, marking the first positive gross margin; adjusted gross margin for the quarter was $2M.

• Operating expenses for Q3 2026 were $35.1M, mainly due to $24.5M in executive performance-based stock compensation.

• Net loss for Q3 2026 was $33.8M; nine-month net loss was $53.4M.

• Cash and cash equivalents as of March 31, 2026, were $38.5M; no new debt outstanding.

Outlook and guidance

• Anticipates continued ramp-up and stronger performance in the final quarter of the fiscal year.

• Management expects operating losses to lessen in the near term due to revenue growth and cost efficiencies.

• Cash and anticipated revenue are expected to fund operations for at least the next 12 months.

• Construction of a second recycling facility in the Southeast U.S. is underway.

• Definitive feasibility study in progress for the Tonopah Flats Lithium Project.