Evolution Metals Q1 FY26 net loss widens to $441.63 million; revenue totals $1.88 million

• Evolution Metals & Technologies posted a net loss of USD 441.63 million, or USD 0.72 a share, for the three months ended March 31, 2026.
• Revenue totaled USD 1.88 million, while operating loss widened to USD 16.89 million on selling, general and administrative expense of USD 17.34 million.
• The loss included a USD 425.23 million hit from change in fair value of financial instruments, partly offset by USD 1.17 million in other income.
• Cash and cash equivalents fell to USD 5.39 million at quarter-end from USD 11.69 million at the start of the period, with net cash used in operating activities of USD 5.57 million.

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