Talga Group (TLG) Q4 2026 TU earnings summary

Executive summary

• Achieved first commercial delivery of natural graphite anode produced outside Asia, marking a significant milestone for the global battery supply chain.

• Accelerated commercial momentum with multiple agreements and non-dilutive funding discussions across Japan, Europe, and the US.

• Completed all FEED study technical work packages for the anode plant on time and on budget.

• Doubled sales volumes of TalnodeⓇ-C and TalphiteⓇ from the EVA plant compared to Q3, driven by growing customer demand.

• Joined UK government-funded REMADE project to develop high-performance batteries from recycled materials.

Financial highlights

• Ended Q4 with A$18.6 million cash-in-bank and a market capitalization of ~A$102 million as of 30 June 2026.

• Q4 sales receipts were $51,000, similar to the previous quarter, despite doubled product volumes due to timing of payments.

• Net cash used in operating activities for the quarter was A$3.53 million.

• Net cash used in investing activities was A$5.65 million, mainly for property, plant, and equipment.

• Estimated 5.28 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Targeting binding term sheets for major Japanese LOIs by end of September 2026 and definitive agreements by December 2026.

• Construction of commercial-scale anode plant targeted to commence in 2027, subject to final investment decision.

• Ongoing engagement with US and Japanese agencies for further funding and strategic partnerships.