Novonix Ltd balance sheet

At the end of fiscal 2025, Novonix Ltd had total assets of $283m, total liabilities of $121m and shareholders' equity of $162m. It held $79.9m in cash against $93.8m of debt: net debt of $14.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Novonix Ltd: balance sheet, annual
Fiscal year	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	—	—	79	43	80
Receivables	1	2	2	4	8	2
Inventory	1	2	2	2	1	2
Total current assets	28	108	162	89	57	89
Goodwill	12	12	12	12	12	12
Total assets	52	152	303	263	226	283
Total current liabilities	4	4	8	37	46	84
Short-term debt	0	0	1	30	32	62
Long-term debt	1	4	36	35	33	32
Total debt	2	5	37	65	64	94
Total liabilities	7	14	52	79	89	121
Shareholders' equity	45	138	251	184	138	162
Net debt (negative = net cash)	—	—	—	−14	22	14

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Novonix Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Novonix Ltd.