American Battery Technology Company (ABAT) reported $21.7 million in revenue for the fiscal year ending June 30, 2026. This figure represents a 407% increase over the prior year. Revenue in fiscal 2025 was $4.3 million. The company attributed the growth to higher throughput at its battery recycling facility and improved product pricing.
ABAT achieved a positive adjusted gross profit of $1.7 million. This result marks a turnaround from an adjusted gross loss of $6.2 million in fiscal 2025. Net loss for the year widened to $73.4 million. The previous year's net loss was $46.8 million. Earnings per share held at a loss of $0.58.
The company strengthened its balance sheet with a cash position of $49.5 million. ABAT ended the fiscal year with no debt.