Altech Batteries (ATC) Q3 2026 TU earnings summary

Executive summary

• CERENERGYⓇ battery project in Saxony, Germany, secured conditional binding funding approval for up to €46.11M under the German federal STARK program, covering about 30% of eligible project CAPEX and supporting a planned 120 MWh battery manufacturing facility.

• The Silumina AnodesTM R&D laboratory was relocated from Perth to Germany to support the pilot plant, aiming for operational and cost efficiencies, and a new CTO with significant battery industry experience was appointed.

• The Kerrigan Exploration License was surrendered as a non-core asset to reduce operating costs.

Financial highlights

• Cash and cash equivalents at 31 March 2026 were $1.4M, down from $2.4M in the previous quarter.

• Net cash used in operating activities for the quarter was $(926)k; for the nine months, $(6.0)M.

• Net cash from investing activities for the quarter was $35k; for the nine months, $(1.2)M.

• Net cash from financing activities for the quarter was $(102)k; for the nine months, $8.2M.

• Market capitalization as of 31 March 2026 was $48.0M.

Outlook and guidance

• Financial close for the CERENERGYⓇ project and grant is required by 30 June 2026, with ongoing discussions with potential partners to secure full project financing.

• The company is focused on advancing CERENERGYⓇ technology toward commercial deployment for stationary energy storage in Europe.

• Efforts to secure strategic partners for both CERENERGYⓇ and Silumina AnodesTM projects are ongoing.