Iondrive (ION) H1 2026 earnings summary

Executive summary

• Net loss after tax for the half year ended 31 December 2025 was $3,132,771, compared to a loss of $1,729,554 in the prior year period.

• Significant R&D expenditure of $2,893,622 focused on advancing IONSolv™ technology for urban mining applications, with $1,700,712 related to a pilot plant supported by a 50% government grant.

• Strategic focus on commercialising proprietary recycling technology across battery, e-waste, solar panel, and magnet sectors in Australia and internationally.

Financial highlights

• Revenue from continuing operations included $1,020,801 R&D tax offset and $834,795 in grant income for the half year.

• Total comprehensive loss for the period was $3,126,220, up from $1,729,475 year-over-year.

• Cash balance at 31 December 2025 was $8.4 million, up from $5.9 million at 30 June 2025.

• Net operating cash outflow was $848,087, with a net increase in cash of $2,562,279 for the half year.

Outlook and guidance

• Pilot plant commissioning and commercial engagement are expected to drive the next phase of development.

• Ongoing evaluation and scale-up planning for battery, solar, and magnet recycling applications.

• Participation in European benchmarking and battery recycling consortium to support market entry and validation.