Quantum Graphite (QGL) H1 2025 earnings summary

Executive summary

• Loss for the half-year ended 31 December 2024 was $4.36 million, up from a $1.60 million loss in the prior year, due to increased resource commitments for exploration and a major US EXIM Bank funding application for Project Utile.

• Project Utile aims to establish an Australia-US flake graphite supply chain, with a $300 million funding application lodged with US EXIM Bank in December 2024.

• Major Project Status was granted to the Quantum Sunlands Eyre Peninsula Graphite Hub in February 2025, expanding activities to include manufacturing of thermal energy storage cells.

Financial highlights

• Revenue for the half-year was $178,702, up from $92,785 in the prior period, mainly from R&D tax incentives and share gains.

• Operating loss increased to $4.16 million from $1.51 million year-over-year, driven by higher consulting and project development costs.

• Net loss for the period was $4.36 million, compared to $1.60 million in the previous year.

• Basic and diluted loss per share was 1.26 cents, compared to 0.47 cents in the prior year.

• Cash and cash equivalents rose to $2.07 million as of 31 December 2024, up from $1.44 million at 30 June 2024.

Outlook and guidance

• Directors believe the Group will continue as a going concern, supported by successful past capital raises and an extension of the credit facility repayment date.

• The company plans to raise additional capital and has flexibility to adjust exploration and evaluation activities as needed.