Quantum Graphite (QGL) H2 2026 earnings summary

Executive summary

• Revenue and other income fell 84% year-over-year to $297,541, while net loss after tax improved 8% to $(4,510,052).

• No dividends were declared or paid for the current or prior period.

• The company advanced the Uley 2 Project, finalizing an Ore Supply Agreement (OSA) with Sunlands Pure Group (SPG) and commencing front-end engineering and design (FEED).

• Downstream processing and refining were consolidated within SPG, reducing capital requirements and creating a global supply chain.

Financial highlights

• Total revenue and other income dropped 84% year-over-year to $297,541.

• Net loss after tax improved to $(4,510,052) from $(4,913,809) year-over-year.

• Net tangible asset per share decreased to 3.18 cents from 4.22 cents.

• Cash and cash equivalents at year-end were $210,710, down from $1,583,575.

• Borrowings increased to $10,496,568 from $5,188,425 year-over-year.

Outlook and guidance

• FEED program for Uley 2 and finalization of the site management agreement with SPG expected in FY27.

• Project financing for the integrated Uley 2 structure to be progressed.

• Sunlands Eyre Peninsula Graphite Hub site acquisition and approvals to advance.