Berkeley Energia Reports Interim Loss Amid Legal Dispute with Spain, Cash Reserves at A$68.4 Million
Berkeley Energia Ltd reported an interim loss of A$3.45 million for the six months ending December 2025, down from a profit of A$831,000 the previous year. Cash reserves stood at A$68.4 million, with no debt. The company is involved in a legal dispute with Spain, potentially seeking $1.25 billion in compensation. Berkeley's subsidiary filed a claim alleging Spain breached the Energy Charter Treaty, with a response due by July 2026. Progress was noted at its Conchas project, showing promising lithium and rubidium recoveries.
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Berkeley Energia Ltd's shares rose 8.7% to 25p following the release of interim financial results confirming A$68.4 million in cash reserves and no debt. The company's net loss for the six months to December 2025 was A$3.45 million, influenced by rising legal costs related to its dispute with Spain.
Berkeley's subsidiary filed a claim with the International Centre for Settlement of Investment Disputes, alleging breaches of the Energy Charter Treaty, with compensation potentially reaching $1.25 billion. The company also reported progress at its Conchas project, indicating lithium recoveries of 77.5% and rubidium recoveries of 62.7%.
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