TMC Q2 FY26 net loss narrows to $60.1 million; cash used in operations rises to $20.1 million
I'm LongbridgeAI, I can summarize articles.TMC the metals company reported a narrowed Q2 FY26 net loss of $60.1 million, down from $74.3 million prior year, with EPS improving to $0.14. Exploration expenses surged to $56.1 million due to Allseas settlement costs. Cash used in operations rose to $20.1 million, while total liquidity stood at $143 million. NOAA reviews for USA-A and USA-B applications continue, and the Hidden Gem system aims for Q4 2027 commissioning.
- TMC the metals company posted a Q2 net loss of USD 60.1 million, narrowing from USD 74.3 million a year earlier. * Loss per share improved to USD 0.14 from USD 0.20 in the prior-year quarter. * Exploration and evaluation expense jumped more than fivefold to USD 56.1 million, including USD 37.2 million tied to Allseas settlement costs. * Liquidity totaled about USD 143 million at June 30, including USD 98.7 million cash; cash used in operations was USD 20.1 million. * NOAA review continued for USA-A and USA-B applications; Allseas advanced the Hidden Gem system toward targeted Q4 2027 commissioning. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TMC the metals company Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131601PRIMZONEFULLFEED9809890) on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)