American Battery Technology Company Announces Fiscal 2025 Fourth Quarter and Full Year Financial Results, Again Nearly Triples Quarterly Revenue

American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery minerals company that is commercializing its internally-developed technologies for both primary battery critical minerals manufacturing and secondary critical minerals lithium-ion battery recycling, announced it has again nearly tripled quarterly revenue as it releases its fiscal 2025 fourth quarter and full year financial results for the period ending June 30, 2025.

The results highlight a significant acceleration in revenue growth that substantially outpaced the increase in operational costs, signaling a clear trajectory towards profitability as the company continues to ramp its operations.

Financial Highlights: A Year of Exponential Growth

• Q4 FY 2025 Revenue: Increased to $2.8 million, nearly tripling, up 183% from $1.0 million in Q3
• Q4 FY 2025 Costs: Controlled costs, with cash cost of goods sold¹(a non-GAAP measure) rising by only 70% in Q4 ($3.9 million) compared to Q3 ($2.3 million), demonstrating significant operational controls
• FY 2025 Revenue: Substantial increase to $4.3 million, an increase of 1,149% from $0.3 million in FY 2024

• FY 2025 Costs: Efficiency implementations, with full year cash cost of goods sold²(a non-GAAP measure) increasing by 483% ($10.5 million in FY 2025 vs. $1.8 million in FY 2024), far below the rate of revenue growth

• Reduced Total Operating Expenses: FY 2025 total operating expenses decreased 30% to $31.4 million, from $44.8 million in FY 2024, achieved while also substantially scaling company operations during this period
• Russell 2000 Index: Added to Russell 2000 index in June 2025, resulted in significant increase in trading volume and institutional ownership
• Strong Cash Position: Cash and restricted cash of $12.5 million at June 30, 2025, and significant enhancement to cash balance of $25.4 million as of September 15, 2025

“I am extremely proud of the ABTC team as we continue to ramp operations at our first recycling facility at such an exponential rate,” stated American Battery Technology Company CEO Ryan Melsert. “We have an exciting path ahead as we continue the growth in operations at our current facilities, while also accelerating the commercialization of our Tonopah Flats Lithium Project and our second battery recycling facility with our strategic partners.”

Battery Recycling Highlights: Scaling to Meet Demand

• Continued ramp of operations at first battery recycling facility, with Q4 throughput increasing 70% over Q3
• In support of rapid U.S. buildout of datacenters for artificial intelligence and machine learning applications, ABTC’s recycling facility is now receiving substantial quantities of feed material for recycling from stationary battery energy storage systems (BESS), in addition to feed material from end-of-life electric vehicles and consumer electronics
• During FY 2025, ABTC successfully closed out and completed all requirements in its contract with the U.S. Advanced Battery Consortium (USCAR), comprised of the U.S. Department of Energy (DOE), General Motors, Ford Motor Company, and Stellantis NV
• During FY 2025, ABTC was selected for and contracted a competitive grant for $144 million from the U.S. DOE for the construction of a second battery recycling facility, and is continuing development with its strategic partners for the implementation of this facility in the Southeast U.S. 

Primary Lithium from Claystone Manufacturing Highlights: Securing a Domestic Supply Chain

• ABTC has developed its own set of technologies for the manufacturing of critical mineral lithium hydroxide from Nevada-based claystone material and has constructed a multi-tonne per day integrated pilot facility to demonstrate these technologies
• During FY 2025, ABTC successfully closed out and completed all requirements in its $2.3 million grant award from the U.S. DOE Advanced Materials Manufacturing Technology Office for the design, construction, and operation of its integrated domestic claystone to lithium hydroxide pilot facility
• Based on the integrated pilot facility operations, ABTC has designed a commercial scale lithium refinery as part of its Tonopah Flats Lithium Project anticipated to manufacture 30,000 tonnes of lithium hydroxide per year, and long-term commercial offtake agreements for this product are under development with strategic customers
• In June 2025, ABTC’s Tonopah Flats Lithium Project was selected by the FAST-41 Permitting Council and the National Energy Dominance Council to become a Transparency Priority Project, in order to streamline the permitting processes and accelerate the commercialization of this domestic critical mineral manufacturing project
• In August 2025, ABTC’s Tonopah Flats Lithium Project was approved by the FAST-41 Permitting Council and the National Energy Dominance Council to become a Covered Project, further prioritizing the streamlining of the permits and commercialization of this domestic critical mineral manufacturing project
• ABTC received an approved Letter of Interest from the US Export-Import Bank for a $900 million low-interest loan to support the construction of this commercial lithium mine and refinery

ABTC will host its FY 2025 earnings call on Monday, September 22 at 4:30 p.m. ET.  View the meeting Livestream webcast here.

American Battery Technology Company | www.americanbattery.com/events-and-presentations.