Stardust Power Reports Q2 2025 Earnings, Eyes Lithium Extraction Advancements and Cash Flow Growth

Stardust Power Inc. reported Q2 2025 earnings with a net loss of $3.7 million, a slight increase from last year. The company announced a successful public offering and a new partnership with Ohio University to enhance lithium extraction technologies. Stardust Power's management remains optimistic about its future, emphasizing its readiness to meet growing demand for US-based lithium refining capacity. The company is focused on executing its strategic plans to deliver long-term value for investors.

Stardust Power Inc. (Nasdaq: SDST), a developer of battery-grade lithium products, has reported its financial results for the second quarter ended June 30, 2025. The company experienced a net loss of $3.7 million, a slight increase from the $2.7 million reported in the same quarter last year. Despite the loss, Stardust Power announced several strategic moves that reflect its optimism about the future of the lithium market and its ability to meet growing demand for U.S.-based refining capacity.

The quarter was marked by a successful public offering that generated gross proceeds of approximately $4.52 million, including the closing of the underwriters’ partial exercise of their over-allotment option. Additionally, Stardust Power formed a strategic partnership with Ohio University to advance lithium extraction and refining technologies, aiming to accelerate research on producing lithium and refined lithium products from brine sources [1].

Roshan Pujari, Founder and CEO of Stardust Power, commented on the progress made during the quarter, stating, "This quarter marks steady progress across engineering, permitting, and infrastructure aspects of our project as well as commencement of third-party validation of our FEL-3 study, which we believe will further reduce the project's risk. With policy tailwinds strengthening and lithium markets showing early signs of recovery, the need for U.S.-based refining capacity has never been more urgent. Stardust Power is well positioned to meet that need with a scalable platform, near-term readiness, and a clear path to Final Investment Decision. We remain focused on execution and delivering long-term value for our investors."

The company's financial highlights for the second quarter include cash and cash equivalents of approximately $2.6 million and no long-term debt. Other notable financial metrics include a loss per share of $(0.06), an improvement from the $(0.07) reported in the prior year quarter. The net cash used in operating activities increased to $4.5 million for the six months ended June 30, 2025, compared to $2.1 million for the prior year period. The increase primarily reflects continued investment in operations, hiring of key talent, and an increase in legal and administrative expenses.

Stardust Power will host a conference call on August 13, 2025, at 5:30 PM EST to discuss these results in more detail. Investors and media can access the call via the provided links: [https://register-conf.media-server.com/register/BId8e0a263a25347d5971d2d6c7241258d](https://register-conf.media-server.com/register/BId8e0a263a25347d5971d2d6c7241258d) and [https://edge.media-server.com/mmc/p/ghfwoavh](https://edge.media-server.com/mmc/p/ghfwoavh).

References:
[1] https://www.globenewswire.com/news-release/2025/08/13/3133060/0/en/Stardust-Power-Announces-Q2-2025-Financial-Results.html