Iondrive (ION) Q4 2025 earnings summary

Executive summary

• Finalised front-end engineering design for the Battery Recycling Pilot Plant, with construction pending board approval.

• Advanced European commercialisation via a consortium with battery OEMs and PEM Aachen University, targeting a €3.1 million EU grant.

• Launched e-waste recycling project for metal recovery from PCBs, supported by a $100,000 Green Industries SA grant.

• Commenced a CSIRO-funded project to upgrade recovered graphite to battery-grade anode material, aiming for a ~25% revenue uplift.

Financial highlights

• Net cash outflows from operating and investing activities totaled $1,175,000 for the quarter, with $714,000 spent on R&D.

• Cash outflows from financing activities were $18,000.

• Consolidated cash balance at 30 June 2025 was $5,867,000.

• Received $60,000 in exclusivity fees and $75,000 from a tenement sale.

• Estimated 4.5 quarters of funding available based on current cash and burn rate.

Outlook and guidance

• Awaiting outcome of a €3.1 million EU grant application, with a decision expected within three months.

• Additional grant applications in process could provide up to A$12 million in funding.

• Sale of South Korean exploration business expected to reduce annual costs by ~$600,000.