Frontier Lithium (FL) Q2 2026 earnings summary

Executive summary

• Engaged in acquisition, exploration, and development of lithium mineral properties in Ontario, with the PAK Lithium Project as the flagship asset.

• No revenue generated to date; operations funded primarily through equity placements and recent joint venture investment.

• Net loss of $4,198 for the six months ended September 30, 2025, compared to $11,402 for the same period in 2024.

• Completed a $25,000 investment from Mitsubishi for a 7.5% stake in the PAK JV, with potential to increase up to 25%.

Financial highlights

• Cash and cash equivalents at September 30, 2025, were $14,949, down from $17,877 at March 31, 2025.

• Total assets decreased to $28,423 from $32,931 over the six-month period.

• Accumulated deficit increased to $128,426 from $124,440.

• Net loss per share for the six months was $(0.02), improved from $(0.05) year-over-year.

• General and administrative expenses for six months were $4,162, up from $2,461 year-over-year.

Outlook and guidance

• Sufficient funds anticipated to meet corporate and administrative expenses for at least the next twelve months.

• Management is actively pursuing additional financing and minimizing discretionary expenditures.