American Battery Technology Posts FY 2026 Revenue Surge, Zero Debt, Amid Lithium Recycling Expansion

American Battery Technology Company (ABAT) reported a record fiscal year 2026, with revenue rising 400% year-over-year to $21.7 million, alongside a turnaround in profitability and debt elimination. The company, focused on lithium-ion battery recycling and domestic critical mineral production, achieved its first-ever adjusted gross profit of approximately $1.7 million, reversing a $6.2 million loss in FY 2025. Despite a 67% increase in cost of goods sold, operating cash spending fell by 16% as throughput more than quadrupled, reflecting efficiency gains in its first recycling plant, which operates at 20,000 tons per year. ABAT’s cash balance stood at about $49.5 million as of June 30, 2026, with total assets at roughly $133 million and no outstanding long-term debt, marking a significant financial improvement from the prior year’s $1.7 million debt position. The company’s stock closed down 4.45% at $2.36, though after-hours trading showed a slight uptick to $2.3692, with a 52-week range of $2 to $11.49 and a market capitalization of $337 million.