Neometals (NMT) H1 2025 earnings summary

Executive summary

• Focused on commercializing sustainable processing solutions for critical materials recovery, with a preference for plant supply and technology licensing models.

• Core projects include LiB recycling (Primobius JV), lithium chemicals (ELi™ process), and vanadium recovery, with significant progress in each.

• Barrambie titanium/vanadium asset is in divestment, and a maiden gold exploration program is planned for March Q 2025.

Financial highlights

• Loss after tax from continuing operations: $11.3M (vs. $20.8M loss in prior year period).

• Loss from discontinued operations: $90K (vs. $239K prior year).

• Basic and diluted loss per share from continuing operations: (1.61) cents (vs. (3.68) cents prior year).

• Cash and term deposits at 31 Dec 2024: $10.4M; investments: $8.6M; net receivables: $2.3M.

• Net cash outflows from operating and investing activities: $9.8M (vs. $15.9M prior year).

• Total equity at 31 Dec 2024: $36.2M.

Outlook and guidance

• Directors believe the group will continue as a going concern, but a minimum funding requirement of A$3M is needed from Dec 2025 to meet cashflow and strategic objectives.

• Additional funding may be required if further capital contributions to Primobius are made.

• Directors are confident additional liquidity will be generated from asset divestments.