ShareholdingJun 23, 2026, 06:07 AM
Critical Metals' Former Parent Reports $1.15B Profit from Divestment
AI Summary
European Lithium Ltd. (EUR), the former parent company of Critical Metals Corp. (CRML), reported a substantial profit of A$1.15 billion for the half-year ended December 31, 2025, a significant improvement from a A$26.3 million loss in the prior year. This massive profit was primarily due to a A$1.28 billion gain from the deconsolidation of CRML and an additional A$16.8 million gain from the disposal of CRML shares. EUR also disclosed that it divested a portion of its CRML shareholding, receiving aggregate net proceeds of approximately A$357.4 million between July 2025 and February 2026, leading to a significant increase in its cash position and overall assets.
Key Highlights
- European Lithium Ltd. (EUR) reported A$1.15 billion profit for H1 2026, a significant turnaround from A$26.3 million loss in H1 2025.
- Profit was primarily driven by a A$1.28 billion gain on the deconsolidation of Critical Metals Corp. (CRML).
- EUR realized an additional A$16.8 million gain from the disposal of CRML shares.
- EUR divested a portion of its CRML shareholding, generating A$357.4 million in net proceeds between July 2025 and February 2026.
- EUR's total assets surged to A$1.36 billion as of December 31, 2025, from A$289.4 million at June 30, 2025.
- EUR's cash and cash equivalents increased to A$85.1 million as of December 31, 2025.
- EUR's net assets increased to A$1.35 billion as of December 31, 2025, from A$174.3 million at June 30, 2025.
Price Impact
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