American Battery Technology Company (ABTC) reported record financial results for the fiscal year ended June 30, 2026, driven by a significant ramp-up in battery recycling operations. While net losses widened to $73.4 million due to scaling overhead and R&D, the company achieved a critical financial milestone by turning adjusted gross margins positive. Management attributed the growth to increased facility throughput, manufacturing of byproducts, and strong commercial demand for recycled minerals.
Key Highlights
- Annual revenue reached $21.7 million, representing a 407% increase from the $4.3 million reported in fiscal 2025.
- Adjusted gross profit improved to $1.7 million from an adjusted gross loss of $6.2 million in the prior year, reflecting operational efficiencies.
- Total cash balance grew to $49.5 million as of June 30, 2026, up from $7.5 million the previous year, with no outstanding debt.
- Tonopah Flats Lithium Project Pre-Feasibility Study identified 21.3 million tonnes of resource, including 2.7 million tonnes of proven and probable reserves.