Quantum Graphite (QGL) Q3 2025 TU earnings summary

Executive summary

• Major Project Status granted by the Australian Government for the Eyre Peninsula Graphite Hub, supporting a complete graphite supply chain and aligning with national critical minerals strategies.

• Progress made on US EXIM Bank's US$300 million financing proposal for the Uley 2 Project and associated supply chain, with ongoing due diligence and additional information requests.

• Sunlands Energy Co. granted an Australian patent for its thermal energy storage technology, expanding IP protection in key global markets.

• Settlement reached in legal proceedings against former auditors, resulting in a payment to the company.

• Receipt of A$472,550 R&D concession rebate for FY2024, supporting ongoing high-purity graphite and thermal energy storage R&D.

Financial highlights

• Cash at bank as of 31 March 2025 was A$2,664,412; as of 30 April 2025, A$2,468,205.

• Net cash from operating activities for the quarter was A$662,000; year-to-date (9 months) was negative A$679,000.

• Net cash from investing activities for the quarter was negative A$65,000; year-to-date negative A$143,000.

• Net cash from financing activities for the quarter was A$2,050,000.

• Estimated quarters of funding available: 4.46, based on current cash and outgoings.

Outlook and guidance

• EPG Hub aims to deliver 100ktpa of high-purity graphite into the market by Q1 2027, leveraging the Australia/US supply chain.

• Global energy storage market projected to grow at 21% annually, reaching 137 GW by 2030, supporting demand for graphite products.

• Australian energy storage capacity needs to increase significantly to meet 2050 emissions targets, underpinning long-term demand.