Meteoric Resources NL (MEI) H1 2026 earnings summary

Executive summary

• Focused on exploration and evaluation of the Caldeira Rare Earths Project in Brazil, with significant progress in resource definition, pilot plant operations, and environmental licensing.

• Net loss after tax for the half-year ended 30 June 2026 was $27.1M, compared to a $20.2M loss in the prior year.

• No dividends declared or paid for the period.

Financial highlights

• Net loss after tax: $27,140,669 (vs. $20,240,385 loss in prior year).

• Cash assets at 30 June 2026: $37,762,553 (up from $32,386,897 at 31 Dec 2025).

• Net assets: $66,358,008 (up from $53,854,751 at 31 Dec 2025).

• Revenue: $512,858 (vs. $434,428 prior year).

• Basic and diluted loss per share: (0.99) cents (vs. (0.87) cents prior year).

Outlook and guidance

• Targeting receipt of Installation Licence (LI) in December quarter 2026, enabling final investment decision.

• Ongoing pre-FID activities include FEED studies, finalisation of key contracts, and operational readiness.

• Continued focus on securing project funding and advancing offtake agreements.