Altech Batteries (ATC) Q3 2025 TU earnings summary

Executive summary

• CERENERGY battery project received the highest "Dark Green" environmental rating from S&P Global, supporting access to the green bond market and highlighting its low emissions and sustainable materials.

• Acquisition of additional stakes in CERENERGY (to 75%) and Silumina Anodes (to 100%) from Altech Advanced Materials AG, valued at A$23.3M, consolidates project ownership and streamlines decision-making.

• Environmental and construction approval (BimSch-G) secured for the 120 MWh CERENERGY GridPack project in Saxony, Germany, enabling site clearing and construction pending financing.

• Agreement to secure up to €2.5M in funding via Bearer Bonds from Deutsche Balaton AG, with repayment anticipated from the sale of Malaysian land.

Financial highlights

• Cash and cash equivalents at 31 March 2025 were $2.19M, down from $7.2M at the previous quarter end.

• Net cash used in operating activities for the quarter was $(3.06)M; net cash used in investing activities was $(1.99)M.

• Net cash from financing activities for the quarter was $(8)K; year-to-date financing inflow was $13.36M.

• Estimated quarters of funding available at current burn rate is 0.7; additional funding steps underway.

Outlook and guidance

• Steps are being taken to raise further cash, including a €2.5M Bearer Bond facility and the sale of Malaysian land, to support ongoing operations and project development.

• Management expects to continue operations and meet business objectives upon successful completion of these funding initiatives.