Altech Batteries (ATC) Q1 2027 TU earnings summary

Executive summary

• Malaysian leasehold land sale agreement signed for gross proceeds of MYR19.51M (AUD6.83M); CERENERGY project discontinued and German subsidiary entered insolvency.

• Cash was AUD42K at quarter-end; plans to fund operations rely on an expected AUD418K R&D rebate, subsidiary liquidation proceeds and asset sales.

Financial highlights

• Operating cash outflow was AUD622K for the quarter; investing cash inflow was AUD162K, including AUD161K from subsidiary liquidation.

• Cash and cash equivalents declined from AUD502K at quarter start to AUD42K at quarter-end.

Outlook and guidance

• December-quarter operating cash outflows are expected to fall, as September-quarter trade creditors were higher than anticipated for December and an AUD418K ATO R&D rebate is expected.

• Expected funding sources include the ATO rebate, further subsidiary liquidation proceeds and longer-term proceeds from Malaysian assets held for sale.

• Land-sale completion is expected within six months, subject to required regulatory and other approvals.