EcoGraf (EGR) Q4 2025 TU earnings summary

Executive summary

• Advanced development of vertically integrated battery anode materials business, focusing on upstream, midstream, and downstream graphite operations in Tanzania and globally.

• Significant progress on Epanko Graphite Mine funding, with KfW IPEX-Bank mandated for a US$105M UFK loan and positive preliminary review from the German government.

• Positive engagement with EU and US stakeholders, including site visits, infrastructure support, and favorable feedback on US Department of Defense funding application.

• Ongoing patent grants and IP protection for EcoGraf HFfree® purification technology in key jurisdictions.

Financial highlights

• Cash and cash equivalents at 30 June 2025 totaled $11.2 million.

• Quarterly net cash outflow from operating activities was $1.69 million; investing activities outflow was $1.56 million.

• Evaluation and exploration expenditure for the quarter was $1.6 million, mainly at Epanko.

• Payments to related parties during the quarter amounted to $187,000 for directors' remuneration.

Outlook and guidance

• Expansion studies underway for Epanko to increase production capacity, leveraging a substantial mineral resource base.

• Ongoing due diligence and lender engagement expected to progress UFK loan approval and project funding.

• Continued focus on securing offtake agreements and advancing downstream purification facilities in the US, Europe, and Asia.