Talga Group (TLG) Q1 2027 TU earnings summary

Executive summary

• Began commercial Talnode-C deliveries from the Swedish EVA plant to Nyobolt, moving from qualification volumes to ongoing supply; the initial shipment was ~4 tonnes.

• Expanded customer engagement in Japan, Europe and the US, including first US-market anode delivery for high-power, defence-related applications.

• Continued Vittangi project engineering and financing work while evaluating additional production sites in France and the US.

Financial highlights

• Customer receipts for product samples were A$69,000 in the quarter; one-off Vittangi pre-construction and technical costs were supported by the Industriklivet grant.

• Cash and cash equivalents were A$10.771 million at 30 September 2026, including grant funds held in reserve subject to conditions.

• Market capitalisation was ~A$138 million at quarter-end; 510.9 million quoted ordinary shares and 43.6 million unlisted options and performance rights were on issue.

Outlook and guidance

• Post-quarter, Dainen signed a binding term sheet reserving 2,000 tonnes per annum for an initial five years, with EVA deliveries expected to ramp from late 2027 and a Master Supply Agreement targeted by end-March 2027.

• EAS Batteries’ LOI sets a testing and qualification pathway toward a proposed five-year supply agreement; discussions remain non-binding.

• Verkor discussions are progressing toward a binding master supply agreement, subject to final commercial terms and operational decisions.

• FEED findings are expected to inform ongoing financial evaluation with prospective financiers; production for customer validation also progressed.