IBAT Q1 FY2027: revenue $120K, net loss $28K; Galloway interim CEO

INTERNATIONAL BATTERY METALS LTD.

2026-Q1 EPS reported $0.00 revenue$120,000

Revenue $120K vs $7K YoY from brine testing services; operating loss narrowed to $2.9M from $3.6M.
Net loss $28K ($0.00 EPS) vs net income $1.7M ($0.01) prior year, driven by $2.9M warrant liability gain.
SG&A (ex-depreciation) down to $1.8M from $2.3M; disciplined cost structure implemented.
Garrett Galloway named Interim CEO, succeeding Joe Mills; pursuing Smackover, Middle East, Argentina DLE opportunities.
Continued brine testing with prospective customers in US, Middle East, Argentina; modular DLE plant deployment targeted.

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