Graphjet Technology (GTI) Registration Filing summary

Company overview and business model

• Owns patented technology to manufacture high-quality artificial graphene and graphite from palm kernel shells, offering a sustainable, low-cost alternative to traditional sources.

• Technology developed in collaboration with leading universities and supported by a strong IP portfolio, including patents granted in 2022 and 2024.

• Positioned as the only mass producer using biomass for graphite/graphene, targeting energy storage, electronics, aerospace, and advanced manufacturing sectors.

• Production facility in Malaysia commenced operations in August 2025; initial revenues from side products began in June 2025.

• Business model focuses on sampling products to multinationals for market acceptance, aiming to displace high-cost, less sustainable suppliers.

Financial performance and metrics

• For the nine months ended June 30, 2025: revenue of $49,316, gross loss of $26,689, and net loss of $22.8 million.

• As of June 30, 2025, accumulated deficit was $48.6 million, with negative working capital of $15.7 million.

• General and administrative expenses decreased 82.4% year-over-year due to lower bonus provisions and professional fees.

• Share compensation expense increased by $19.2 million due to warrant issuance.

• Auditor's report expresses substantial doubt about ability to continue as a going concern due to recurring losses and working capital deficit.

Use of proceeds and capital allocation

• No proceeds from resale of shares by selling securityholders; up to $1.1 million may be received from warrant exercises, to be used for general corporate purposes.

• Operations funded primarily through equity investments, PIPE investment, and related-party loans.

• Ongoing need for additional capital to support operations, plant construction, and working capital.