Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Wa Kaolin Ltd (WAK.ASX)
Release Time 20 Feb 2026, 11:36 a.m.
Price Sensitive Yes
 Quarterly Activities/Appendix 5B Cash Flow Report
Key Points
  • Sales for the December quarter were 13,315 tonnes for revenue of $2.7m
  • Plant maintenance and improvements rescheduled to Q3 and Q4 FY26
  • Waste recovery initiatives commenced through the quarter
  • Forward orders stand at 24,271t, including Q2FY25 backorders of 8,807t
Full Summary

WA Kaolin Ltd ('WA Kaolin' or the 'Company') (ASX: WAK) provided an update on its activities for the December 2025 quarter. Sales for the quarter were 13,315 tonnes for revenue of $2.7m, with an average of A$203 per tonne. The scheduled December 2025 plant maintenance and improvements shutdown was delayed in an effort to reduce backorder volume, though multiple short shutdowns for temporary repairs constrained production to lower than forecast volumes. The plant maintenance and improvements have been rescheduled to Q3 and Q4 FY26. Waste recovery initiatives commenced through the quarter. As at mid-January 2026, forward orders stand at 24,271 tonnes, including Q2FY25 backorders of 8,807 tonnes. Looking ahead to Q3FY26, the company plans to focus on sales of higher value products to non-fibreglass applications, complete plant improvements, and conduct a company-wide review of operations to improve current negative per tonne operating margins. The company successfully executed binding agreements to restructure its debt and secure a new $1.5 million working capital facility during the quarter.