$NVNXF

NOVONIX Ltd

CIK:0001859795|SEC Filings

Consolidated Statements of Profit or Loss and Other Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	$ 5,617,119	$ 5,854,424	$ 8,054,528
Product manufacturing and operating costs	(2,500,423)	(1,770,517)	(2,817,269)
Administrative and other expenses	(22,208,638)	(19,919,292)	(18,863,896)
Depreciation and amortization expenses	(4,570,856)	(4,568,969)	(4,740,135)
Loss on equity investment securities at fair value through profit or loss		(15,308,187)
Research and development costs	(5,670,587)	(4,849,571)	(5,750,574)
Share based compensation	1,142,636	(5,523,560)	(5,621,959)
Employee benefits expense	(24,027,480)	(23,632,917)	(20,339,880)
Borrowing costs	(11,946,441)	(3,566,998)	(2,864,102)
Foreign currency (loss) gain	1,834,551	(1,175,500)	1,359,857
Loss on extinguishment of convertible notes	(32,940,662)
Impairment of property, plant and equipment	(7,349,147)
(Loss)/gain on fair value of derivative financial instruments	5,100,800	(4,536,546)	1,525,320
Other income, net	4,819,483	4,273,179	3,609,900
Loss before income tax (expense) benefit	(92,699,645)	(74,724,454)	(46,448,210)
Income tax (expense) benefit	(25,542)	(97,687)	199,949
Net loss	(92,725,187)	(74,822,141)	(46,248,261)
Other comprehensive income / (loss), net of tax
Foreign currency translation of foreign operations	771,376	(3,815,336)	(1,489,976)
Total comprehensive loss	$ (91,953,811)	$ (78,637,477)	$ (47,738,237)
Net loss per share attributable to the ordinary equity holders - basic	$ (0.14)	$ (0.15)	$ (0.09)
Net loss per share attributable to the ordinary equity holders - diluted	$ (0.14)	$ (0.15)	$ (0.09)
Weighted average shares outstanding - basic	681,677,490	496,862,010	487,474,460
Weighted average shares outstanding - diluted	681,677,490	496,862,010	487,474,460

Consolidated Statement of Cash Flows - USD ($)	12 Months Ended
Consolidated Statement of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Receipts from customers (inclusive of consumption tax)	$ 8,203,158	$ 7,902,051	$ 7,708,839
Payments to suppliers and employees (inclusive of consumption tax)	(51,869,899)	(50,303,125)	(45,629,733)
Interest received	1,095,041	1,372,651	1,621,201
Payment of borrowing costs	(1,832,903)	(1,766,465)	(1,872,154)
Government grants received	2,204,804	2,377,119	1,943,424
Net cash outflow from operating activities	(42,199,799)	(40,417,769)	(36,228,423)
Cash flows from investing activities
Payments for exploration assets	(11,896)	(27,116)	(13,665)
Proceeds from release of escrow funds			8,343,107
Proceeds from disposal of assets	1,322,184
Payments for security deposits	(3,031,711)	(657,688)	(882,325)
Government grants received	29,034,056	12,391,330
Payments for property, plant and equipment	(60,171,149)	(29,879,456)	(19,182,131)
Net cash outflow from investing activities	(32,858,516)	(18,172,930)	(11,735,014)
Cash flows from financing activities
Proceeds on issue of shares	25,106,048	28,818,616	338,327
Transaction costs related to issue of equity securities or convertible debt securities	(7,686,167)	(1,276,436)	(59,867)
Proceeds from convertible note issues	95,000,000		30,000,000
Payment of withholding tax - Performance rights	(716,525)	(603,932)	(295,043)
Proceeds from borrowings			752,831
Principal elements of lease repayments	(522,297)	(296,865)	(353,378)
Repayment of borrowings	(1,282,501)	(1,428,429)	(1,073,082)
Net cash inflow (outflow) from financing activities	109,898,558	25,212,954	29,309,788
Net (decrease) increase in cash and cash equivalents	34,840,243	(33,377,745)	(18,653,649)
Effects of foreign currency	2,468,135	(2,778,519)	(1,671,638)
Cash and cash equivalents at the beginning of the year	42,557,621	78,713,885	99,039,172
Cash and cash equivalents at the end of the year	$ 79,865,999	$ 42,557,621	$ 78,713,885

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 79,865,999	$ 42,557,621
Trade and other receivables	2,116,799	8,158,174
Inventory	2,184,043	1,383,904
Prepayments	710,780	1,700,788
Escrow reserves	4,282,898	1,452,187
Assets classified as held for sale		2,044,673
Total current assets	89,160,519	57,297,347
Non-current assets [abstract]
Property, plant and equipment	174,853,351	149,310,343
Right-of-use assets	5,687,638	6,356,771
Intangible assets and goodwill	11,975,024	11,975,024
Other assets	1,242,737	1,156,056
Total non-current assets	193,758,750	168,798,194
Total assets	282,919,269	226,095,541
Current liabilities
Trade and other payables	13,320,923	8,524,141
Contract liabilities	146,475	126,056
Lease liabilities	577,803	522,297
Derivative financial instruments	7,225,149	5,368,624
Borrowings	62,070,139	31,668,810
Current tax liabilities	218,833	31,966
Total current liabilities	83,559,322	46,241,894
Non-current liabilities
Contract liabilities		3,000,000
Lease liabilities	5,910,316	6,488,119
Borrowings	31,778,559	32,775,271
Total non-current liabilities	37,688,875	42,263,390
Total liabilities	121,248,197	88,505,284
Net assets	161,671,072	137,590,257
EQUITY
Contributed equity	485,478,860	367,537,075
Reserves	28,587,379	29,723,162
Accumulated losses	(352,395,167)	(259,669,980)
Total equity	$ 161,671,072	$ 137,590,257