Renascor Resources (RNU) H2 2025 earnings summary

Executive summary

• Advanced the Battery Anode Material (BAM) project, focusing on both upstream mining and downstream processing, with key milestones achieved in engineering, site readiness, and regulatory approvals.

• Secured a $5 million government grant for a PSG demonstration facility and progressed construction, including successful equipment trials producing battery-grade graphite.

• Registered an Indigenous Land Use Agreement, completed bulk sampling, and advanced water treatment processes for HF-free purification.

• Maintained a strong exploration portfolio and entered new agreements to expand uranium exploration holdings post year-end.

Financial highlights

• Group profit after tax for FY2025 was $1,829,388, up from $1,707,664 in FY2024.

• Revenue was $5,061,165, primarily from interest income, with total expenses of $3,231,777.

• Basic and diluted EPS remained at 0.07 cents per share.

• Cash and cash equivalents at year-end were $15.4 million, with $90 million in term deposits.

• No dividends were paid or declared.

Outlook and guidance

• Priorities include commissioning the demonstration facility, progressing $185m government loan financing, converting customer engagement into binding offtake agreements, and maintaining project schedule discipline.

• Well positioned to benefit from global demand for ex-China graphite supply, leveraging low-cost feedstock and HF-free purification.