Quantum Graphite (QGL) H1 2026 earnings summary

Executive summary

• Uley 2 project integrated into a scalable graphite supply chain, with site selection and stakeholder negotiations underway for the Southern Eyre Peninsula Graphite Hub.

• Sunlands Pure secured a site in Oman for a graphite refinery, with an MOU signed for expedited development and initial capacity over 100,000 tonnes.

• Loss for the half-year ended 31 December 2025 was $2,165,391, a reduction from $4,360,701 in the prior corresponding period, due to higher resource commitments for exploration.

Financial highlights

• Revenue (other income) for the half-year was $235,923, up from $178,702 year-over-year.

• Net loss for the period was $2,165,391, compared to a loss of $4,360,701 in the prior year.

• Basic and diluted loss per share was 0.62 cents, improved from 1.26 cents per share year-over-year.

• Cash and cash equivalents at period end were $1,702,524, up from $1,583,575 at 30 June 2025.

• Net cash used in operating activities was $1,534,229; net cash used in investing activities was $346,822; net cash from financing activities was $2,000,000.

Outlook and guidance

• Directors concluded there are reasonable grounds to believe the Group will continue as a going concern, supported by undrawn funding capacity of $5,000,000 under new facilities.

• No significant operational commitments outstanding; exploration and evaluation activities can be varied at management's discretion.