Atome (ATOM) H1 2025 earnings summary

Executive summary

• Secured Hy24 as anchor equity investor for the Villeta project with a $115 million investment and signed a $465 million EPC contract with Casale, initiating detailed engineering work.

• Created ATOME POWER division to develop up to 400MW solar generation in Paraguay, expanding the project pipeline and future income streams.

• Villeta project expected to become the world's largest low-carbon fertiliser facility, with offtake agreement negotiations and project finance club formation underway.

Financial highlights

• Recorded a loss before tax of $2.5 million for H1 2025, compared to $2.54 million in H1 2024.

• Net cash used by operating activities was $1.43 million, down from $1.55 million in H1 2024.

• $6.6 million of costs capitalised for the Villeta project as of 30 June 2025, up from $6.2 million a year earlier.

• Cash balance at 30 June 2025 was $361,000, up from $77,000 at 30 June 2024.

• Issued 2.45 million new shares in May 2025, raising $1.6 million, with $1.1 million offset against payables to directors and employees.

Outlook and guidance

• Final Investment Decision (FID) and construction commencement for Villeta targeted before year-end 2025.

• Growing project pipeline, including ATOME POWER, positions the group for future expansion and increased confidence in outlook.

• Shareholders can expect increased market announcements as Villeta approaches FID.