EarningsQ2 2026 Earnings Report
DE:BC3 Q2 2026 EPS Results
Actual EPS>-€0.01
Consensus EPS―
Beat/Miss―
One Year Ago EPS>-€0.01
DE:BC3 Q2 2026 Revenue Results
Actual Revenue€0.00
Expected Revenue―
Beat/Miss―
YoY Revenue Growth―
Earnings Announcement Details
QuarterQ2 2026
Date02/23/2026
TimeAfter Close
Conference CallMonday, February 23, 2026
DE:BC3 Upcoming Earnings
BCI Minerals Ltd's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights substantial operational and construction progress (77% complete), strong operational metrics (96% pond utilization, brine densities tracking to plan), robust pilot results for SOP, and a solid liquidity position (A$601m available) that supports completion. Challenges noted include stepped quarterly activity, remaining major packages (dredging, crystallizer lining, salt wash plant) that are yet to be fully contracted or executed, increased debt drawdowns this quarter, some short-term market softness in China and a modest (~7.1%) pullback in Indian export volumes from 2024 to 2025, and timing uncertainty for third‑party port revenue. Overall, positive operational momentum and funding adequacy outweigh the execution and market risks.Company Guidance
Strong construction progress and project completion status
Project is 77% complete with cumulative expenditure of A$1.043 billion; total construction costs sit just over A$1.0 billion. Major earthworks for salt wash plant, stockyard and non-process infrastructure completed and crystallizer seeding commenced. Marine package work at Port of Cape Preston West is ~94% complete.
Operational performance and pond metrics
Ponds ran at 96% utilization across >9,300 hours; brine levels and densities across ponds 1–9 are in line with operational targets and increasing as forecasted. Poseidon model indicates pond 9 expected to reach target density in February, keeping first salt-on-ship on track for the December 2026 quarter.
Financial strength and liquidity position
Available liquidity at end of quarter was A$601 million with A$351 million in uncommitted funds. Approximately A$400 million required to complete construction; management states the company remains fully funded to complete construction and meet ramp-up working capital needs.
Debt management and equity conversion
Eight drawdowns to date totaling A$446.8 million; A$99.8 million drawn during the quarter. Over 50 million new shares issued following conversion of a Series 1 convertible note which reduced borrowings by A$29.1 million.
SOP pilot and product diversification progress
KTMS trial crystallizers commissioned, achieving steady-state performance in line with expectations. SOP pilot pathway targeting ~140,000 tpa; batch plant testing completed enabling finalization of pilot plant scope and imminent design award.
Salt production scale and market positioning
Mardie positioned to ramp to ~5.35–5.5 Mtpa salt nameplate capacity. Port of Cape Preston West designed for ~20 Mtpa, leaving ~14.5 Mtpa surplus capacity and potential third-party revenue opportunities.
Digital systems and operational visibility
Deployment of Mardie operating system components including mine production reporting system, laboratory information management system and digital twin 'Poseidon' to enhance data-driven decisions and operational control.
Safety, environmental and community initiatives
Completed >400 Leadership in the Field interactions and 290 critical control verifications; 12-month rolling TRIFR of 3.9. Environmental monitoring (mangroves, turtles, shorebirds) ongoing and formalized a 2-year A$480,000 capacity building program with Wirrawandi Aboriginal Corporation.
DE:BC3 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed