Berkeley Energia (BKY) Q4 2025 TU earnings summary

Executive summary

• Continued exploration at the Conchas Project with significant lithium and rubidium mineralisation intersected at shallow depths; preliminary metallurgical test work underway with results expected in September 2025.

• Ongoing international arbitration against Spain regarding the Salamanca Project, seeking US$1 billion in compensation for alleged Energy Charter Treaty violations.

• Strong financial position with A$74 million in cash reserves and no debt as of June 2025.

• Sustainability initiatives advanced, including carbon footprint reduction and maintenance of environmental certifications.

Financial highlights

• Cash and cash equivalents at quarter end: A$73.6 million.

• Net cash outflow from operating activities for the quarter: A$1.2 million.

• Payments for exploration and evaluation during the quarter: A$482,000.

• Payments to related parties during the quarter: A$148,000.

Outlook and guidance

• Results from preliminary metallurgical test work at Conchas expected in September 2025.

• Statement of Claim in arbitration against Spain due in early 2026; company remains open to dialogue for an amicable resolution.

• Continued focus on exploration of critical minerals and sustainability goals for 2025.