Altech Batteries (ATC) Q2 2026 TU earnings summary

Executive summary

• Achieved 88.5% capacity retention after 500 cycles with 5% Silumina Anodes™ addition, marking a breakthrough in silicon-enhanced lithium-ion battery technology.

• Board and management underwent significant changes, with a new Board appointed and a strategic reset initiated to focus on commercialising core battery technologies.

• Raised $6 million through a placement to fund battery projects and support near-term milestones, including project finance for CERENERGYⓇ and a 90kWh battery prototype.

Financial highlights

• Cash and cash equivalents at 31 December 2025 were $2.4 million.

• Net cash used in operating activities for the quarter was $(3.0) million; for the six months, $(5.1) million.

• Net cash from financing activities for the quarter was $5.6 million, including $6 million from equity placement and $2.7 million from borrowings.

• Market capitalisation as at 31 December 2025 was $69.4 million.

Outlook and guidance

• Strategic focus on commercialising Silumina Anodes™ and CERENERGYⓇ technologies through partnerships and capital mobilisation.

• Board prioritising access to up to €46.11 million in German STARK grant funding for CERENERGYⓇ, contingent on securing full project finance.

• Ongoing efforts to streamline operations, reduce costs, and monetise non-core assets.