International Battery Metals Swings to $5.4M Net Income in Nine Months Ending December 2025

International Battery Metals Ltd., a battery materials exploration and development company, reported net income of $5.4 million for the nine months ending December 31, 2025, compared to a net loss of $3.8 million in the same period a year earlier. Earnings per share reached $0.02 on a diluted basis, versus a loss of $0.02 per share in the prior-year period. Read more earnings reports.

The company posted minimal revenue activity during the nine-month period, generating gross profit of $67,000 compared to $881,000 in the prior year. Cost of goods sold totaled $34,000 for the nine months, up from zero in the year-earlier period.

Operating losses narrowed to $10.1 million from $11.1 million year-over-year. Selling, general and administrative expenses declined to $6.3 million from $6.7 million, a 7% reduction. For the three months ending December 31, 2025, the company posted net income of $754,000, a sharp reversal from an $10.9 million net loss in the same quarter of 2024.

Cash and cash equivalents stood at $9.1 million as of December 31, 2025, down from $10.7 million at the end of March 2025. Total assets declined to $40.9 million from $44.5 million over the same period. Property, plant and equipment decreased to $27.3 million from $28.5 million.

The company burned through $7.9 million in operating activities during the nine-month period, an improvement from $11.1 million in cash used a year earlier. Financing activities generated $6.7 million in cash, down from $16.7 million in the prior-year period. Investing activities consumed $367,000 compared to $1.2 million a year earlier.

Total liabilities fell sharply to $7.6 million as of December 31, 2025, from $17.9 million at March 31, 2025. Current liabilities declined to $1.4 million from $2.6 million. Accounts payable dropped to $798,000 from $1.3 million. Stockholders' equity rose to $33.4 million from $26.6 million over the nine-month period.

The company's accumulated deficit narrowed to $34.1 million as of December 31, 2025, from $39.6 million at the fiscal year start. Outstanding common shares increased to 316.6 million from 269.0 million during the period. The weighted average diluted share count for the nine months was 290.3 million shares.