Graphene & Solar Technologies Ltd

Graphene & Solar Technologies Ltd. reported a significant increase in net loss for the six months ended March 31, 2026, reaching $(1.75) million, up from $(1.69) million in the prior year. The company continues to generate no revenue and faces substantial financial challenges, leading management to express doubt about its ability to continue as a going concern due to cumulative losses and the need for additional capital.

Graphene & Solar Technologies Ltd announced that David Halstead resigned from his roles as Chief Financial Officer and a member of the Board of Directors, effective April 21, 2026. The company stated that his resignation was not due to any disagreements regarding operations or policies. Concurrently, the Board appointed Kristine Woo as the interim Chief Financial Officer, effective immediately, and plans to commence a search for a permanent successor.