NOVONIX Ltd. announced a series of business updates and results for 2025. The company completed a US$100 million convertible debenture transaction with Yorkville Advisors, with all tranches drawn and the funding commitment fulfilled. This provides NOVONIX with additional financial flexibility to support the scale-up of its synthetic graphite and battery materials production. The company reported a cash balance of US$81.3 million as of 31 December 2025. During the year, NOVONIX provided over 100 samples of synthetic graphite to 15 customers and prospects for battery, energy storage, and industrial applications. Additionally, over 10 samples of cathode material were provided to 7 potential customers as part of ongoing licensing discussions for its patented all-dry, precursor-free cathode technology. The company was also granted a foundational patent in China related to this technology. Key corporate updates included the appointment of Mike O'Kronley as Managing Director and Dwayne Johnson as Chief Operating Officer. NOVONIX also hosted its second annual investor, analyst, and media day in Chattanooga, Tennessee. Total payments of US$170,000 were made to Directors and their associates for salary, wages, director fees, and superannuation during the quarter ended 31 December 2025.

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