NOVONIX Ltd (NVX) Form 6-K — Sep 1, 2026
NOVONIX's half-year report for the six months ended June 30, 2026 came with a PwC review report highlighting a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. The company posted a $24.6 million net loss, 22% wider than the prior-year period, on zero continuing-operations revenue, and cash fell to $59.5 million from $79.9 million at December 31, 2025 after a $23.1 million half-year operating cash outflow.
Key figures
- Revenue
- 0
- Total Debt
- 85114757
- Total Assets
- 264987895
- Cash Position
- 59534916
- Shares Outstanding
- 991561920
- Doe grant
- $100 million total; $51.3 million remaining unclaimed
- Net assets
- 157337005
- Bts sale terms
- $1 transaction price with $2 million BTS cash balance at close; 15% retained stake in Dryve cathode business
- Capital commitments
- 15679918
- Doe loan commitment
- up to $754.8 million conditional for second facility
- Net loss yoy change
- worsened 22%
- Full capacity target
- September 2031 (extended from December 2027)
- Nta backing per share
- $0.15 (prior $0.21)
- Lges convertible notes
- 45,221,586 notes, US$30M proceeds, 4% coupon, conversion price A$1.60, maturity June 7, 2028
- Riverside capacity tpa
- 20000
- Institutional placement
- 129,334,163 shares at A$0.16 raising US$14.5 million (A$20.7 million)
- Section 48c tax credits
- $103 million certified
- Assumed aam price per kg
- $7-$11 (reduced from $10-$12)
- Post tax discount rate pct
- 13.5
- Tariffs on chinese graphite
- 35% existing per Key Highlights; 37.5% referenced in impairment assumptions
- Goodwill impairment headroom
- $45.5 million (down from $196.7 million at June 30, 2025)
- Panasonic mass production start
- second half of 2027
- Share purchase plan post period
- A$962,600 for 6,016,250 shares
- Prior post tax discount rate pct
- 11.5
- Yorkville shares if fully converted
- 360163110
- Yorkville convertible debentures outstanding face value
- 35000000
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