Delta Lithium (DLI) H2 2026 earnings summary

Executive summary

• Achieved significant milestones at Mt Ida and Yinnetharra, including updated resource estimates and successful demerger of gold assets into Ballard Mining Limited, returning over $16 million to shareholders.

• Maintained a strong balance sheet with $49.6 million in cash and substantial listed investments, including a 34.4% stake in Ballard Mining.

• Advanced rubidium strategy with successful metallurgical testwork, producing high-purity lithium and rubidium carbonate.

• Expanded land position and consolidated strategic tenure at Yinnetharra, enhancing future exploration potential.

Financial highlights

• Operating profit after tax from continuing operations was $13.16 million for FY2026, compared to a loss of $3.68 million in FY2025.

• Net operating cash outflows were $1.66 million, with $10.7 million invested in exploration.

• Cash and cash equivalents at year-end were $49.6 million.

• Total assets stood at $239.8 million, with equity of $236.8 million.

• No dividends declared or paid.

Outlook and guidance

• Focus for FY2027 includes advancing the Mt Ida Scoping Study, further resource growth at Yinnetharra, continued rubidium evaluation, and exploration of fluorite discoveries.

• Strong balance sheet and advanced project pipeline position the company for multiple value creation avenues.