American Battery Technology Company Achieves Key Financial Milestone in Q2 FY2026

American Battery Technology Company (ABTC) has announced significant revenue growth and operational achievements for the second quarter of fiscal year 2026. The company reported that its revenue from operations and interest income surpassed its cash cost of goods sold for the first time, marking a crucial step in its financial development. This milestone was achieved alongside substantial advancements in its battery recycling operations and progress on its domestic lithium supply chain initiatives.

Key Takeaways

• ABTC reported combined revenue and interest income of $5.1 million against cash costs of $4.9 million in Q2 FY2026.
• The company’s cash balance stood at $48.7 million with no outstanding debt.
• Significant revenue growth was observed in the company’s battery recycling operations.
• Progress continues on the Tonopah Flats Lithium Project, aimed at establishing a domestic lithium supply.

Financial Performance and Operational Milestones

In the second quarter of fiscal year 2026, ABTC generated $5.1 million in combined revenue and interest income, with $4.8 million stemming from operations and $0.3 million from interest. This marks the first time the company’s revenue has exceeded its cash cost of goods sold, which was reported at $4.9 million. While the adjusted gross margin was a slight negative of $0.1 million, this cash flow achievement is a significant indicator of operational progress. The company ended the quarter with a robust cash balance of $48.7 million and no debt.

Advancements in Battery Recycling

ABTC’s battery recycling division experienced substantial revenue growth, driven by increased processing volumes of high-value materials from sources such as Battery Energy Storage Systems (BESS), end-of-life electric vehicles, and consumer electronics. The company’s Nevada facility, capable of handling CERCLA-classified waste, is a key revenue driver. Furthermore, ABTC is accelerating the development of a second, larger recycling facility planned for the Southeast U.S.

Progress on Domestic Lithium Supply

The Tonopah Flats Lithium Project (TFLP) remains a cornerstone of ABTC’s strategy to establish a domestic lithium supply chain. The project has completed baseline studies for its NEPA review and published a Pre-Feasibility Study indicating strong economic potential with projected production of 30,000 tonnes per year of lithium hydroxide monohydrate. The study forecasts a robust after-tax Net Present Value (NPV) of $2.57 billion and an Internal Rate of Return (IRR) of 21.8%, with a competitive production cost of $4,307 per tonne. ABTC is now focused on advancing the project through its Definitive Feasibility Study.

Sources

• American Battery Technology Company Reports Significant Revenue Growth and Operational Milestones in Q2
  Fiscal Year 2026, Quiver Quantitative.
• American Battery Technology Company Hosts Second Quarter Fiscal Year 2026 Earnings Call Today – American
  Battery Technology Company, American Battery Technology Company.

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