NEO Battery Reports Fiscal Year 2026 Results and Recent Operational Highlights

About this update from Neo Battery Materials Ltd

NEO Battery Reports Fiscal Year 2026 Results and Recent Operational Highlights /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire Achieved first commercial revenues in Q4 FY2026, supporting the transition from a pre-revenue research company to an integrated, high-performance battery solutions providerFulfilled recurring contract manufacturing orders from Fortune 500 automotive customers and added 8 additional customers for battery foundry servicesDrone battery cell and pack deliveries underway for testing and field validation with Korean defense drone companiesTORONTO, June 29, 2026 /CNW/ - NEO Battery Materials Ltd. ("NEO" or the "Company") (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery manufacturer enabling high-performance capabilities for drones, robotics, and physical AI, is pleased to announce its financial and operational results for the fiscal year ended February 28, 2026. All amounts are in Canadian dollars unless otherwise specified. FY2026 Financial and Operational HighlightsFirst Commercial Revenues: Achieved first-ever commercial revenues of $267,722 in Q4 FY2026, signalling the successful transition from R&D to a vertically integrated, high-performance battery solutions provider.Early-Stage Operating Performance: Recorded a gross loss of $769,304, representing the Company's scale-up phase and ordinary early-stage nature of commercial production activities, with plant utilization below the threshold to fully absorb fixed costs.Balance Sheet Strength: Concluded FY2026 with $5,496,557 in cash, bolstered by a $7,000,000 non-brokered private placement to accelerate production expansion in Q4 2026.Manufacturing Foundation: Secured long-term lease for the Gimje Battery Manufacturing Factory (Nov 2025) for MWh-scale electrode production and closed the acquisition of a 3.2-acre expansion site (Feb 2026) to house mass-volume cell assembly line for drone and robotics applications.Commercial Validation: Recurring contract manufacturing purchase orders from Fortune 500 automotive original equipment manufacturers (OEMs), with official vendor status that validates manufacturing an...

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