American Battery Technology Q4 Earnings Call Highlights

American Battery Technology Q4 Earnings Call Highlights

Revenue surged more than 400% to $21.7 million in fiscal 2026 as recycling throughput, byproduct production and pricing improved. The company posted its first annual adjusted profit, with $1.7 million in adjusted gross profit versus a $6.2 million loss the prior year. American Battery Technology expanded its recycling pipeline, including plans for a second facility capable of processing 100,000 tons annually. It also secured major cleanup and battery-collection partnerships while pursuing a $150 million Department of Energy grant. The company is temporarily storing black mass after a Commerce Department directive restricted exports, while its exception request remains under review. Separately, the Tonopah Flats lithium project advanced into the full NEPA review process and continues producing lithium hydroxide samples for customer qualification.

American Battery Technology NASDAQ: ABAT reported a more than 400% increase in fiscal 2026 revenue to $21.7 million, driven by higher throughput at its first lithium-ion battery recycling facility, expanded byproduct manufacturing and improved product pricing, Chief Executive Officer and Chief Technology Officer Ryan Melsert said during the company’s full-year earnings call. Melsert said the company’s cost of goods sold rose about 67% from the prior year, a slower rate than revenue growth, which he attributed to economies of scale and operational improvements at the recycling plant. On a cash basis, operational spending at the facility declined approximately 16% despite increased throughput, he said.

The company recorded adjusted gross profit of about $1.7 million for the year, compared with an adjusted gross loss of $6.2 million in fiscal 2025, according to Melsert. He said the result represented American Battery Technology’s first annual adjusted profit after excluding non-cash expenses. As of the end of June, the company had approximately $49.5 million in cash and a total asset base of about $133 million, Melsert said. He added that American Battery Technology had eliminated its long-term outstanding debt by the end of fiscal 2026.

American Battery Technology’s first recycling facility has a design capacity of roughly 20,000 tons per year. The plant processes lithium-ion battery feedstock from grid-scale energy-storage systems, electric vehicles, battery-cell manufacturing and consumer electronics, Melsert said. He said the company was selected for what he described as one of the country’s largest lithium-ion battery cleanup projects, involving grid-scale batteries that must be recycled following incidents. The company also formed a partnership with The Battery Network, formerly Call2Recycle, to collect consumer batteries across the country and process them at its facility.

American Battery Technology is also advancing plans for a second recycling plant in the Southeast U.S. designed to process about 100,000 tons of batteries annually. The company continues to work with the U.S. Department of Energy on a $150 million grant supporting construction and deployment of that facility, Melsert said. Separately, the company has a $10 million DOE grant intended to help commercialize three next-generation recycling technologies that it has previously tested at laboratory and bench scale. The company is working to build commercial-scale versions for integration into its recycling operations.

Melsert noted that the U.S. Department of Commerce recently issued a directive that effectively bans black mass exports unless a...