Argosy Minerals (AGY) H1 2026 earnings summary

Executive summary

• Achieved a profit before tax of $2.96M for the half-year ended 30 June 2026, reversing a prior year loss of $6.26M, mainly due to impairment reversal on the Rincon Lithium Project and profit from Puna Mining S.A.

• No dividends declared or paid for the period.

• Continued development of the Rincon Lithium Project (Argentina) and exploration at Tonopah Lithium Project (USA).

Financial highlights

• Net profit after tax: $2.96M (vs. $6.26M loss in prior year period).

• Total comprehensive income: $7.73M (vs. $8.49M loss prior year), driven by foreign currency translation gains.

• Basic and diluted EPS: 0.19 cents (vs. -0.43 cents prior year).

• Cash and cash equivalents at 30 June 2026: $2.06M (down from $4.26M at 31 Dec 2025).

• Net assets: $94.06M (up from $86.19M at 31 Dec 2025).

Outlook and guidance

• Focused on progressing the 12,000tpa Rincon Lithium Project to construction-ready status and de-risking the project.

• Continued engagement with export credit agencies and other funding options for project financing.

• Strategic assessment of US-based Tonopah Lithium Project to leverage government support for critical minerals.