Delta Lithium (DLI) H1 2026 earnings summary

Executive summary

• Completed demerger and IPO of Mt Ida Gold Project into Ballard Mining Limited, allowing focus on core lithium assets and providing shareholders exposure to gold exploration upside.

• Advanced exploration and resource definition at Mt Ida and Yinnetharra lithium projects, with significant drilling and updated mineral resource estimates.

• Ballard Mining IPO was oversubscribed, raising $30 million and resulting in a share price increase of over 150% since listing.

Financial highlights

• Profit after income tax for the half-year ended 31 December 2025 was $1,474,012, compared to a loss of $165,740 for the same period last year.

• Basic earnings per share were 0.21 cents, up from a loss of 0.02 cents per share year-over-year.

• Cash and cash equivalents at 31 December 2025 were $53,997,631, down slightly from $55,869,890 at 30 June 2025.

• Net assets stood at $224,460,596 as of 31 December 2025.

Outlook and guidance

• Focus remains on advancing feasibility studies at Mt Ida, including metallurgical studies for lithium, tantalum, and rubidium byproducts.

• Continued greenfields exploration and resource growth at Yinnetharra, with ongoing negotiations and approvals for mining lease applications at Malinda.

• Strategic goal to build and operate a mine, with disciplined capital management and potential acquisition opportunities.