EcoGraf (EGR) H1 2026 earnings summary

Executive summary

• Vertically integrated battery anode materials business advancing with upstream, midstream, and downstream projects in Tanzania and globally, focused on high-purity graphite for lithium-ion batteries and advanced manufacturing.

• Epanko Graphite Project positioned as a world-class, long-life, scalable operation with staged expansion plans and strong ESG compliance.

• Significant progress in project funding, technical due diligence, and community engagement, including completion of the Resettlement Action Plan and social responsibility initiatives.

Financial highlights

• Loss after income tax for the six months ended 31 December 2025 was $302,000, a significant improvement from $1,455,000 loss in the prior corresponding period.

• Total comprehensive income for the period was $1,021,000, compared to $4,263,000 in the prior period, driven by foreign currency translation gains.

• Cash and cash equivalents at 31 December 2025 were $8,084,000, down from $11,202,000 at 30 June 2025.

• No dividends declared or paid during the period.

Outlook and guidance

• Epanko Project expected to initially produce 73,000 tonnes of graphite per year, expanding to 390,000 tonnes within 10 years to meet global demand.

• Market outlook remains strong with an 8% CAGR in graphite demand forecast for 2025–2035, driven by EV and energy storage sectors.

• Strategic partnerships and government support in place to accelerate project development and integration into global supply chains.