Meteoric Resources NL (MEI) H1 2026 earnings summary

Executive summary

• Transitioned financial year-end to 31 December, reporting a six-month period to align with Brazilian operations.

• Advanced Caldeira Rare Earth Ionic Clay Project in Brazil, achieving key milestones: PFS completion, pilot plant commissioning, and preliminary environmental license approval.

• Raised $42.5 million in equity, strengthening the balance sheet for project development and feasibility studies.

Financial highlights

• Net loss for the half year ended 31 December 2025: $13.9 million (vs. $36.5 million loss for full year ended 30 June 2025).

• Net assets at 31 December 2025: $53.9 million (vs. $20.5 million at 30 June 2025).

• Cash assets at 31 December 2025: $32.4 million (vs. $11.0 million at 30 June 2025).

• Share-based payments reversal of $2.2 million due to non-vesting performance rights.

Outlook and guidance

• Focus for 2026: secure Installation Licence, complete Definitive Feasibility Study (DFS), finalize offtake agreements, and advance project financing.

• Final Investment Decision (FID) targeted for 2026, with project positioned as a globally significant rare earths source.