INTERNATIONAL BATTERY METALS LTD. (IBATF) Earnings History

INTERNATIONAL BATTERY METALS LTD. - Q3 FY2026 Earnings

Filed at: Feb 25, 2026, 4:26 PM EST|Read from source

EXECUTIVE SUMMARY

International Battery Metals Ltd. reported a mixed third quarter for FY2026, with a significant improvement in net income driven by a favorable change in warrant liability, despite minimal revenue. The company is focused on commercializing its DLE technology and securing deployment agreements, while maintaining disciplined cost management.

POSITIVE HIGHLIGHTS

  • •

    Net income improved to $0.8 million from a net loss of ($10.9) million in the prior year period.

    positive
  • •

    Diluted EPS was $0.00, an improvement from ($0.04) in the prior year period.

    positive
  • •

    Operating costs and SG&A expenses were reduced year-over-year.

    positive
  • •

    Raised an additional $2.0 million in new equity financing.

    positive

CONCERNS & RISKS

  • •

    Total revenue was only $30,000, a slight increase from a negative $4,000 in the prior year, indicating minimal commercial activity.

    attention
  • •

    Operating loss was ($3.0) million, a slight improvement from ($3.3) million, but still a significant loss.

    attention
  • •

    Cash balance decreased to $9.1 million from $10.7 million at the prior year-end.

    negative
  • •

    Intangible assets decreased significantly from $3.3 million to $2.5 million.

    negative

FINANCIAL METRICS

Revenue
Quarterly
$30.00K
N/A
Prior year: $-4.00K
Annual (YTD)
$101.00K
N/A
Prior year: $881.00K
Net Income
Quarterly
$800.00K
N/A
Prior year: $-10.91M
Annual (YTD)
$5.42M
N/A
Prior year: $-3.85M
EPS (Diluted)
Quarterly
$0.00
N/A
Prior year: $-0.04
Operating Income
Quarterly
$-3.01M
N/A
Prior year: $-3.33M
Annual (YTD)
$-10.08M
N/A
Prior year: $-11.13M
EPS (Basic)
Quarterly
$0.00
N/A
Prior year: $-0.04

MARGIN ANALYSIS

Gross Margin
Current Quarter
26.7%
YoY Change
N/A
Operating Margin
Current Quarter
-10046.7%
YoY Change
N/A
Net Margin
Current Quarter
2666.7%
YoY Change
N/A

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q3 FY2026 2026

VISUAL OVERVIEW

|
Service
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Service
N/A———
Total Revenue$0.00M——100.0%

Segment performance shows business unit health and growth drivers.

SPECIAL ITEMS & ADJUSTMENTS

Q3 FY2026
Change in fair value of warrant liability
Gain
+$3,768M
Q3 FY2025
Change in fair value of warrant liability
Loss
$7,576M
Total Impact
$3,808M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

The third quarter was about focus and execution.

— INTERNATIONAL BATTERY METALS LTD., Q3 FY2026 2026 Earnings Call

We understand what works, what needs refinement and how to engineer the next deployment more efficiently.

— INTERNATIONAL BATTERY METALS LTD., Q3 FY2026 2026 Earnings Call

We are evaluating licensing, cost-plus deployments and strategic participation models that position us for long-term value creation.

— INTERNATIONAL BATTERY METALS LTD., Q3 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Inventory
1.1K
0.0% YoY
Prior year: 1.1K
millions

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.