Plant and Equipment |
6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2025 |
Mar. 31, 2025 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Plant and Equipment |
The Company’s plant and equipment as of September 30, 2025 and March 31, 2025 are as follows (in thousands):
Depreciation expense for the three months ended September 30, 2025 and 2024 was $0.5 million and $0.4 million, respectively. Depreciation expense for the six months ended September 30, 2025 and 2024 was $1.0 million and $0.6 million, respectively. The MDLE Plant was mobilized to a customer site in June 2024, and depreciation began upon commencement. Depreciation expense for the six months ended September 30, 2024, does not represent a full six months of depreciation.
International Battery Metals Ltd. Notes to the Condensed Consolidated Financial Statements For the Three and Six Months Ended September 30, 2025 and 2024 |
The Company’s equipment as of March 31, 2025 and 2024 are as follows (in thousands):
The MDLE Plant was mobilized to a customer site in June 2024, and depreciation began upon commencement. Since the MDLE Plant was not operational for the year ended March 31, 2024, no depreciation was recorded related to the MDLE Plant.
International Battery Metals Ltd. Notes to the Consolidated Financial Statements For the Years Ended March 31, 2025 and 2024 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||