American Battery Technology Company (ABAT) investor relations material

Executive summary

• FY 2025 revenue surged 1,149% year-over-year to $4.3 million, with Q4 revenue up 183% sequentially to $2.8 million, driven by increased operations at the first battery recycling plant near Reno.

• Operational costs increased at a much slower rate than revenue, with total operating expenses down 30% year-over-year to $31.4 million.

• Successfully ramped up battery recycling throughput by 70% in Q4 over Q3, and completed all requirements for major government contracts.

• Advanced commercialization of the Tonopah Flats Lithium Project, including pilot facility demonstration and progress toward a 30,000 tonne/year refinery.

• Added to the Russell 2000 and 3000 indices, increasing market visibility, trading volume, and institutional ownership.

Financial highlights

• FY 2025 revenue reached $4.3 million, up from $0.3 million in FY 2024; Q4 revenue nearly tripled from Q3.

• Cash cost of goods sold rose 483% to $10.5 million, well below the rate of revenue growth.

• Total operating expenses decreased 30% year-over-year to $31.4 million.

• Cash and restricted cash totaled $25.4 million as of September 15, 2025.

• Net loss narrowed to $46.8 million in FY 2025 from $52.5 million in FY 2024, with net loss per share improving to $(0.58) from $(1.02).

Outlook and guidance

• Accelerating commercialization of the Tonopah Flats Lithium Project and development of a second recycling facility, supported by a $144 million DOE grant.

• Long-term commercial offtake agreements for lithium hydroxide are under negotiation.

• Continued focus on operational efficiency and scaling of recycling and lithium manufacturing businesses.

• Anticipate increased revenue from new projects and ongoing government grant funding.

• FY 2025 earnings call scheduled for September 22, 2025.