European Lithium (EUR) investor relations material

Executive summary

• Achieved a net profit after tax of $1.15 billion for the half year ended 31 December 2025, compared to a $26.3 million net loss in the prior corresponding period, driven by a $1.28 billion gain on deconsolidation of Critical Metals Corp (CRML).

• Significant operational progress across lithium and rare earth projects in Austria, Ireland, Ukraine, and Greenland, with ongoing exploration and resource expansion activities.

• Deconsolidation of CRML resulted in a shift to equity accounting for a 43.66% stake, with the investment valued at approximately US$424 million as of March 2026.

Financial highlights

• Net profit after tax: $1,145,741,745 (vs. $26,306,756 net loss in prior period).

• Gain on deconsolidation of CRML: $1,275,503,015.

• Share of net losses of associates (mainly CRML): $74,253,802.

• Income tax expense: $47,692,323, including a $39,959,803 deferred tax liability from CRML deconsolidation.

• Basic earnings per share: 74.50 cents (vs. -1.87 cents prior period).

• Cash and cash equivalents: $85.1 million; term deposits: $113.3 million as at 31 December 2025.

Outlook and guidance

• Continued focus on expanding lithium and rare earth resources, advancing exploration and drilling programs in Austria, Ireland, and Greenland.

• Ongoing legal and strategic efforts to secure extraction rights in Ukraine following the Dobra Project auction outcome.

• Progressing project financing and development for the Wolfsberg Lithium Project and associated hydroxide plant JV in Saudi Arabia.