NOVONIX Limited

NASDAQ•NVX

CEO: Ms. Rashda M. Buttar

Sector: Industrials

Industry: Electrical Equipment & Parts

Listing Date: 2022-02-02

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.

Contact Information

46 Edward Street, Level 8, Brisbane, QLD, 4000, Australia

61-4-3931-0818

www.novonixgroup.com

Market Cap

$97.11M

P/E (TTM)

-1.2

46.1

Dividend Yield

52W High

$3.86

52W Low

$0.63

52W Range

Rank55Top 80.0%

2.6

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$2.75M+0.00%

4-Quarter Trend

EPS

-$0.42+0.00%

4-Quarter Trend

FCF

-$45.39M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Cash Position Growth Cash and equivalents reached $79.866M, reflecting a $37.328M increase from prior year balance, supporting operations.

Financing Activities Net Inflow Net cash inflow from financing activities totaled $109.899M, reversing $25.213M outflow from prior year to fund growth.

Anode Material Production Milestone Delivered first mass-production, industrial-grade graphite sample, marking key step toward commercial market entry in North America.

DOE Grant Funding Claimed Claimed $23.1M from DOE CMEI grant during 2025 to fund Riverside facility expansion requirements and capital needs.

Risk Factors

Net Loss Widened Substantially Net loss reached $(92.725M) for 2025, worsening by $18.0M compared to the previous year results reported.

Internal Controls Ineffective Disclosure and internal controls over financial reporting were not effective due to material weaknesses persisting since 2024.

Revenue Slightly Decreased Total revenue decreased $0.3M to $5.617M, primarily due to softer demand for consulting services in the BTS segment.

Future Capital Required Significant additional capital required to achieve expansion plans; ability to raise funds on acceptable terms remains uncertain.

Outlook

Divestiture of BTS Business Binding term sheet signed for proposed sale of non-core BTS division, focusing strategy on North American graphite supply chain.

Anode Production Timeline Mass production of battery-grade anode material for Panasonic expected to commence in the second half of 2027 after qualification.

Second Facility Site Secured Signed agreement to purchase 182-acre site in Chattanooga for second large-scale synthetic graphite facility planned for 2026.

Cathode Technology Funding Received C$5M non-dilutive grant from Natural Resources Canada to support CAM synthesis technology commercialization scale-up.

Peer Comparison

Revenue (TTM)

SPIR

$15.88B

+14278.1%

MAGN

$3.29B

+94.8%

JELD

$3.21B

-14.9%

Gross Margin (Latest Quarter)

POWW

60.0%

+64.1pp

SPIR

40.6%

-7.9pp

SKYX

31.7%

+0.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
BW	$1.57B	-47.8	14.8%	55.6%
SLDP	$583.56M	-6.2	-23.9%	1.8%
MVST	$544.78M	-19.3	-7.4%	18.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

0.2%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:Aug 21, 2026

EPS:-$0.25

Revenue:$32.91M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data