EAU Lithium (EAU) H2 2026 earnings summary

Executive summary

• Completed the 100% acquisition of EAU Lithium Pty Ltd in May 2026, bringing its Bolivian lithium strategy, management and Vulcan technology relationship into the listed entity.

• FY26 advanced VULSORB® brine testing toward pilot-scale evaluation; a €1.0m pilot plant purchase and engineering agreements established the next-stage framework.

• Reported net loss of $20.075m, with a $15.587m impairment of acquired contractual rights and $1.951m exploration asset impairment among the major items.

Financial highlights

• FY26 net loss after tax was $20.075m versus $4.419m in FY25; other income was $13,613 versus $4,108.

• Cash and cash equivalents rose to $3.759m from $681,511; net operating cash outflow was $1.184m versus $1.446m.

• Net assets increased to $3.539m from $3.243m; total assets were $4.389m and total liabilities $850,311 at 30 June 2026.

• Adjusted for non-cash impairments and share-based payments, the cash-flow reconciliation recorded operating cash outflow of $1.184m despite the $20.075m accounting loss.

Outlook and guidance

• Priorities include completing pilot plant acceptance and purchase, planning mobilisation to Bolivia, continuing process evaluation and reviewing test results.

• Further progress and timing depend on funding, successful negotiations, technical and commercial assessments, definitive agreements and applicable approvals.

• A post-year-end VULTEC agreement provides technology and engineering support for feasibility studies, process optimisation, potential geothermal integration, by-product evaluation and training.