Syrah Resources Ltd
ASX:SYR

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Syrah Resources Ltd
ASX:SYR
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Price: 0.155 AUD -6.06% Market Closed
Market Cap: AU$203.3m

Syrah Resources Ltd
Investor Relations

Syrah Resources Ltd. is an industrial minerals and technology company. The company is headquartered in Melbourne, Victoria. The company went IPO on 2007-09-11. The firm is engaged in its flagship Balama Graphite Operation in Mozambique and a downstream Battery Anode Material Project in the United States. The firm segment includes Balama and Vidalia. Its Balama segment is engaged in production, distribution and sale of natural flake graphite from the Balama Graphite Operation in Mozambique. Its Vidalia segment is engaged in producing of natural graphite Active Anode Material (AAM) to service ex-Asia markets. Its Active Anode Material (AAM) is produced through toll treatment of Vidalia precursor.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Jan 28, 2026
AI Summary
Q4 2025

Balama Production: Balama achieved a 34% increase in production in Q4, reaching 34,000 tonnes, and demonstrated strong operational momentum.

Sales & Demand: Natural graphite sales rose 21% to 29,000 tonnes, with most product sold and demand particularly strong for ex-China shipments.

Pricing & Margins: The average sales price for graphite was $577 per tonne, up 2% YoY but down QoQ; C1 costs were $535 per tonne, with ongoing focus on improving cost efficiency.

Liquidity & Cash: The company ended Q4 with $77 million in cash, of which $18 million was unrestricted; working capital and loan draws supported operations.

Policy & Market Tailwinds: Upcoming US antidumping and countervailing duties, along with shifting government policies, are expected to support ex-China supply and Syrah’s growth.

Guidance: Management expects to produce at least 30,000 tonnes of graphite in the March quarter, with sales forecasts driving production decisions.

Key Financials
Balama Production
34,000 tonnes
Natural Graphite Sales
29,000 tonnes
Average Sales Price
$577 per tonne
C1 Cost
$535 per tonne
Freight Cost
$74 per tonne
Total Cash Balance
$77 million
Unrestricted Cash
$18 million
Restricted Cash
$59 million
Reportable Injury Frequency Rate
0.9 incidents per million hours worked
Earnings Call Recording
Other Earnings Calls

Management

Mr. Shaun Verner
MD, CEO & Director
No Bio Available
Mr. Stephen Wells
Chief Financial Officer
No Bio Available
Mr. Julio Cesar Diniz Costa
Chief Operating Officer
No Bio Available
Mr. John Knowles
General Manager of Investor Relations
No Bio Available
Ms. Simone Diem
General Manager of Marketing
No Bio Available

Contacts

Address
VICTORIA
Melbourne
L 28 360 Collins St
Contacts
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