NOVONIX LtdNVX
What NOVONIX Ltd does.
Throughout fiscal year 2025, NOVONIX continued to focus on the execution of its business strategy and growth initiatives. NOVONIX had net assets of $161.7 million including $79.9 million in cash and cash equivalents at December 31, 2025. The Company reported an after-tax loss for the year ended December 31, 2025, of $92.7 million.
NOVONIX Limited (ASX: NVX) is a leading battery technology company developing and scaling advanced materials and equipment critical to the lithium-ion battery supply chain. With a mission to enable cleaner energy solutions and reduce dependence on foreign supply, NOVONIX is commercializing U.S. made synthetic graphite, a designated U.S. critical mineral, and supporting energy independence through domestic production. The Company’s patented technologies offer more energy-efficient and environmentally responsible alternatives to Chinese-dominated methods.
In 2025, NOVONIX continued the advancement toward commercial-scale production at its Riverside facility in Chattanooga, Tennessee, which is set to become North America’s first large-scale synthetic graphite manufacturing facility. In addition to long-term offtake agreements with Panasonic Energy and PowerCo, the Company is currently providing samples to 13 prospective customers for their battery, energy storage, and industrial applications. This year, the Company also delivered its first mass production, commercial-grade sample of synthetic graphite to one of North America’s largest value-add carbon processors demonstrating that industrial-grade graphite products can be produced using its proprietary continuous graphitization furnace technology. NOVONIX’s anode materials business remains central to securing U.S. supply chains and creating high-quality domestic manufacturing jobs.
Revenue and profit, by fiscal year.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | — | $8.1M | $5.9M | $5.6M |
| Net income | — | -$46.2M | -$74.8M | -$92.7M |
| Free cash flow | — | -$55.4M | -$70.3M | -$102.4M |
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Figures from NOVONIX Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.