Neometals (NMT) H2 2025 earnings summary

Executive summary

• Focused on commercialising sustainable processing solutions for critical materials and advancing the Barrambie Gold Project for near-term cashflow and diversification.

• FY2025 was challenging due to weak lithium/vanadium prices, slow EV adoption, market volatility, and project delays, resulting in a significant decline in market capitalisation.

• Completed divestment of Primobius JV, strengthening the balance sheet and shifting focus to gold and lithium.

• FY2026 priorities: build gold inventory, commercialise lithium/vanadium technologies, maintain portfolio discipline, and align leadership for future growth.

Financial highlights

• Market capitalisation at $51.6m as of 30 June 2025.

• Operating cash outflows of $11.5m; available cash of $4.1m with no debt.

• Total assets of $24.3m at year-end.

• Consolidated net loss after tax of $31.0m (2024: $69.1m), with $17.6m loss from continuing operations and $13.4m from discontinued operations.

• Basic and diluted loss per share from continuing and discontinued operations: (4.22) cents (2024: (11.65) cents).

Outlook and guidance

• Focus on disciplined development of Barrambie Gold Project and commercialisation of lithium (ELi Process™) and vanadium recovery technologies.

• Pre-commercial lithium and vanadium projects require additional capital for scale demonstration; seeking independent funding and potential sell-downs.

• Continued divestment of non-core assets to generate cashflow and support strategic priorities.