Preliminary half-year results as of 30 June 2025

Heidelberg (July 10, 2025) - Altech Advanced Materials AG (FRA: AMA) has closed its first half of fiscal year 2025 (January 1 to June 30, 2025) with an estimated half-year loss (financial statements in accordance with German Commercial Code (HGB)) of approximately -293 TEUR (comparable period January 1, to June 30, 2024: approximately -818 TEUR).

The preliminary half-year results include other operating income of around 4 TEUR (comparative period: 191 TEUR), personnel expenses of around 104 TEUR (comparative period: 388 TEUR) and other operating expenses of around 190 TEUR (comparative period: around 649 TEUR). The financial result amounted to approximately -2 TEUR (comparable period: approximately -26 TEUR).

No sales revenues were generated compared to the same period of the previous year, as the service agreements with the two investments were terminated at the end of 2024.

Personnel expenses decreased by 284 TEUR compared to the previous period, mainly due to the reduction in management board remuneration and the reduction in expenses from virtual options from the AAM virtual option program 2023 (“VOP 2023”).

Other operating expenses mainly comprise costs for capital market listing and communication (73 TEUR), Supervisory Board remuneration (43 TEUR), legal and consulting fees (32 TEUR), and audit and other assurance costs (18 TEUR). No costs were incurred in the first half of 2025 for the 2023 VOP for employees in the two investments (previous year: 291 TEUR).

The preliminary balance sheet as of June 30, 2025, in accordance with HGB, shows equity of around 8,497 TEUR (December 31, 2024: 8,790 TEUR).

In the forecast report of the last annual financial statements for 2025, the Management Board assumed a net loss of around 400 TEUR to 1,000 TEUR. The Management Board currently stands by this forecast.

The preliminary result stated above is based on the preliminary assessment of the first half of the 2025 financial year carried out by the Management Board on July 10, 2025. The figures stated in this announcement are subject to the final preparation of the half-year financial statements.

Altech Advanced Materials AG (ISIN: DE000A31C3Y4), based in Frankfurt am Main, is a holding company listed on the regulated market of the Frankfurt Stock Exchange. The company's aim is to participate in the market for solid-state batteries for stationary battery use with CERENERGY.

Another focus is on lithium-ion batteries. An innovative anode material based on high-purity aluminium oxide (HPA) - Silumina Anodes™ - is intended to significantly increase the performance of this battery for electromobility.