EcoGraf (EGR) H2 2026 earnings summary

Executive summary

• Advanced Epanko Graphite Project in Tanzania with updated BFS and expansion study, confirming robust economics and staged growth to 390,000 tpa, positioning it as Africa's largest planned graphite producer.

• Secured strategic partnerships and offtake agreements, including with Mitsubishi Chemical and a major German trader, doubling offtake to 40,000 tpa after five years.

• Developed and patented EcoGraf HFfree® purification technology, delivering 34% lower costs than Chinese methods and strong ESG credentials.

• Progressed project financing with KfW IPEX-Bank and received up to €2 million in technical assistance from the European Investment Bank.

• Expanded gold exploration portfolio in Tanzania, with AngloGold Ashanti farm-in and encouraging early results.

Financial highlights

• Net loss after tax for FY26 was $2.19 million, a significant improvement from $5.01 million loss in FY25, mainly due to lower administrative expenses and R&D tax credits.

• Cash reserves at 30 June 2026 were $3.82 million (FY25: $11.2 million); no debt.

• Exploration and evaluation assets increased to $39.9 million (FY25: $37.2 million).

• No dividends declared or paid.

Outlook and guidance

• Focus on finalising Epanko project financing, advancing strategic equity and offtake processes, and progressing midstream and downstream developments.

• Continued expansion of gold exploration and development of mechanical shaping and purification facilities in key battery markets.

• Ongoing engagement with global partners to secure long-term supply and investment.