Black Rock Mining (BKT) H2 2026 earnings summary

Executive summary

• Advanced Mahenge Graphite Project with significant progress on Early Works and pre-construction activities, positioning for a fully funded Final Investment Decision (FID).

• Secured strong stakeholder and government support, including a groundbreaking ceremony and successful capital raisings totaling AUD 14m.

• Maintained focus on responsible project delivery, environmental management, and community engagement.

Financial highlights

• Consolidated net loss after tax for FY26 was AUD 7.59m, an improvement from AUD 9.51m in FY25.

• Total income for the year was AUD 46,116; cash and cash equivalents at year-end were AUD 4.74m (FY25: AUD 1.88m).

• Net assets increased to AUD 60.29m (FY25: AUD 56.33m).

• No dividends declared or paid.

Outlook and guidance

• Focus remains on securing the remaining equity funding and achieving FID to commence full-scale construction.

• Project financing deadline for USD 204m debt facility extended to 30 November 2026.

• Anticipates transitioning into development phase and targeting entry into the battery materials supply chain.