Evion Group (EVG) Q4 2026 TU earnings summary

Executive summary

• Secured exclusive option to acquire the CARP Fluorspar Project in Nevada, expanding to 59 claims over 493 hectares.

• Maniry Graphite Project in Madagascar granted Mining Permits, transitioning to development phase and securing long-term tenure.

• Panthera Graphite Technologies JV in India delivered first full-year EBITDA of US$530,000 on US$1.72 million revenue, with strong gross margins and growing production.

• Raised A$7.24 million via two-tranche placement to fund acquisitions and project development.

• Board and management strengthened with key appointments, including a new Non-Executive Chair and Strategic Advisor.

Financial highlights

• Cash balance of $4.705 million at quarter end.

• Net cash used in operating activities for the quarter was $866,000, mainly for marketing, corporate, and consulting costs.

• Panthera JV achieved 54.5% gross margin and reduced on-site debt facility through operating cash flows.

• No mine production or development expenditure during the quarter.

Outlook and guidance

• Maniry Project to accelerate financing, strategic partnerships, and offtake agreements, targeting Final Investment Decision and construction.

• Panthera JV expects production to exceed 250–300mt and sales revenue near US$800,000 for September 2026 quarter.

• CARP Project to advance exploration, regulatory approvals, and metallurgical test work.

• Continued engagement with EU and international financiers for Maniry development.