American Battery Technology Company (ABAT) AGM 2026 summary

Opening remarks and agenda

• The meeting convened on November 12, 2026, with formal business first, followed by a fiscal-year update and shareholder Q&A.

• The agenda covered five proposals: director elections, auditor ratification, an advisory executive-compensation vote, the 2026 Equity Incentive Plan, and authority to adjourn to solicit proxies if needed.

Financial performance review

• FY26 revenue rose over 400% YoY to almost $22 million, driven by higher recycling throughput, more byproducts, and product pricing; cost of goods sold increased about 66% YoY.

• Adjusted gross profit was $1.7 million vs. a $6.2 million loss in FY25, the first annual adjusted gross profit; operating efficiencies and higher throughput lifted recycling margins.

• Cash reached about $49.5 million at FY26 year-end, up from $7.5 million at FY25 year-end; debt was zero after FY25 debt was repaid.

Board and executive committee updates

• Lavanya Balakrishnan, Rick Fezell, Elizabeth Lowery, Ryan Melsert, and Susan Yun Lee were nominated for election through the next AGM or until successors are elected and qualified.

• The meeting recognized directors Rick Fezell, Elizabeth Lowery, Susan Yun Lee, and Lavanya Balakrishnan, and executives Alex Flores (CFO), Steven Wu (COO), and Bret Meich (General Counsel and Secretary).