INTERNATIONAL BATTERY METALS LTD. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data INTERNATIONAL BATTERY METALS LTD. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2026	FY2026
Cost of revenue	0	0.03
Gross profit	0.87	0.13
Selling, general and administrative	9.04	8.46
General and administrative	7.29	7.5
Operating income	-15.2	-13.5
Pre-tax income	-3.52	0.12
Income tax	0	0
Net income	-3.52	0.12
EBITDA	-13.6	-11.5
EPS, basic	-0.01	0.00
EPS, diluted	-0.01	0.00
Shares, basic (weighted)	238	297
Shares, diluted (weighted)	238	301

Balance sheet

	FY2026	FY2026
Cash and equivalents	10.7	9.19
Receivables	0.45	0.07
Inventory	1.06	1.06
Other current assets	0.27	0.25
Total current assets	12.5	10.6
Property, plant and equipment	28.5	26.8
Lease right-of-use assets	0.23	0.14
Intangible assets	3.27	2.19
Total assets	44.5	39.8
Accounts payable	1.29	0.4
Accrued liabilities	0.53	0.89
Short-term debt	0.09	0.1
Total current liabilities	2.59	1.39
Long-term debt	0.14	0.04
Lease liabilities	0.14
Total liabilities	17.9	11.4
Total debt	0.23	0.14
Retained earnings	-39.6	-39.4
Shareholders' equity	26.6	28.4
Total equity	26.6	28.4
Total liabilities and equity	44.5	39.8
Shares outstanding	269	343

Cash flow statement

	FY2026	FY2026
Net income	-3.52	0.12
Depreciation and amortization	1.6	2
Stock-based compensation	1.77	0.96
Change in receivables	-0.34	-0.14
Change in inventory	-1.06	0
Cash from operations	-13.5	-9.67
Capital expenditures	-1.33	-0.4
Cash from investing	-1.33	-0.4
Cash from financing	24.5	8.52
Net change in cash	9.71	-1.55
Free cash flow	-14.8	-10.1

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $0.06 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	0.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	0.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.3%	Net income / average total assets.
Return on invested capital (ROIC)	-76.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Gross profit growth, 1y	-85.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	6.7%	Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-10.6%	Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y	26.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	7.64x	Current assets / current liabilities.
Quick ratio	6.68x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	6.63x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.01x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.4%	Total debt / total assets.
Liabilities / assets	28.7%	Total liabilities / total assets.
Net debt	-$9.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$9.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	5.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$26.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Inventory turnover	0.03x	Cost of revenue / average inventory.
Days inventory	11,390 days	365 x average inventory / cost of revenue.
Days payables	9,061 days	365 x average accounts payable / cost of revenue.
FCF conversion	-8,252.0%	Free cash flow / net income, when net income is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.00	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.00	Net income per basic share, as reported (split-adjusted).
FCF per share	-$0.03	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$0.03	Cash from operations / diluted weighted shares.
Book value per share	$0.08	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$0.08	Tangible book value / shares outstanding.
Cash per share	$0.03	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$23.8M	Share price x shares outstanding.
Enterprise value	$14.7M	Market cap + total debt - cash - short-term investments.
P/E	195x	Market cap / net income. Only when net income is positive.
P/B	0.84x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.91x	Market cap / tangible book value, when positive.
FCF yield	-42.4%	Free cash flow / market cap.
Earnings yield	0.5%	Net income / market cap (the inverse of P/E).

Was INTERNATIONAL BATTERY METALS LTD. profitable in fiscal 2026?

Yes. Net income was $122.0K, a net margin of -.

How much free cash flow did INTERNATIONAL BATTERY METALS LTD. generate in fiscal 2026?

Cash from operations of $9.7M minus capital expenditures of $401.0K left free cash flow of -$10.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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