American Battery Technology Company (ABAT) investor relations material

Executive summary

• Achieved $0.94 million in revenue for the quarter ended September 30, 2025, a 364% year-over-year increase, driven by ramp-up of battery recycling operations, new contracts, and expanded production capacity.

• Secured a historic battery recycling contract with potential proceeds of $30 million and completed major facility enhancements.

• Completed major capital investments, transitioned recycling plant to fully operational status, and published a PreFeasibility Study for the Tonopah Flats Lithium Project.

• Secured significant government grants and tax credits, including a $144 million DOE grant and $60 million in tax credits, though a $57.7 million DOE grant was terminated post-quarter.

• Extinguished all outstanding debt and convertible notes, resulting in zero long-term debt.

Financial highlights

• Revenue rose to $0.94 million from $0.2 million year-over-year; cost of goods sold increased to $4.5 million.

• Net loss narrowed to $10.3 million from $11.8 million year-over-year.

• Cash and restricted cash increased to $30.9 million at quarter-end, further rising to $55.6 million post-quarter due to equity raises.

• Weighted average shares outstanding increased to 112.2 million from 69.5 million year-over-year due to equity issuances and debt conversions.

• Gross margin remained negative due to high cost of goods sold relative to early-stage revenue.

Outlook and guidance

• Management anticipates operating losses will lessen in the near term due to revenue growth and ongoing cost efficiencies.

• Cash and anticipated revenues are expected to fund operations for at least the next 12 months.

• Pre-Feasibility Study for Tonopah Flats Lithium Project projects after-tax NPV of $2.57 billion, 21.8% IRR, and 7.5-year payback, with targeted production of 30,000 tonnes per year over a 45-year mine life.

• Continued focus on scaling production, commercializing new technologies, and leveraging government support.