Exhibit 99.1

 

 

 

 

 

Radiopharm Theranostics Limited
Appendix 4E
Preliminary final report

 

1. Company details

 

Name of entity: Radiopharm Theranostics Limited
ABN: 57 647 877 889
Reporting period: For the year ended 30 June 2026
Previous period: For the year ended 30 June 2025

 

2. Results for announcement to the market

 

         $ 
Revenue from contracts with customers  down  23.8% to   2,767,888 
Loss from ordinary activities after tax attributable to the owners of Radiopharm Theranostics Limited   up   50.3% to   (55,149,150)
Loss for the year attributable to the owners of Radiopharm Theranostics Limited   up   50.3% to   (55,149,150)

 

No dividends have been paid or declared by the group for the current financial year. No dividends were paid for the previous financial year.

 

3. Explanation of results

 

The group reported a loss for the year ended 30 June 2026 of $56,950,494 (30 June 2025: $38,342,457). The increase in loss in the current year compared to prior year is mainly attributable to higher research and development expenditures incurred during the year to advance and broaden the developmental phases of ongoing clinical studies.

 

The group's net assets for the year ended 30 June 2026 decreased to $22,323,683 (30 June 2025: $42,871,904). Net assets decreased primarily due to a decrease in cash balances attributable to higher investment in research and development activities during the financial year. As at 30 June 2026, the group had cash reserves of $4,138,074 (30 June 2025: $29,116,835).

 

The Appendix 4E financial report follows, with the further details to be included in the audited financial statements is expected to be released by 30 September 2026.

 

4. Net tangible assets per security

 

   30 June
2026
Cents
   30 June
2025
Cents
 
Net tangible assets per ordinary security   (0.45)   (0.16)

 

5. Changes in controlled entities

 

During the year ended 30 June 2026, Radiopharm Theranostics increased its ownership in Radiopharm Ventures, LLC, a joint venture created with The University of Texas M.D. Anderson Cancer Center (MDACC) from 75% to 87.5%.

 

There have been no other changes in controlled entities during the year ended 30 June 2026.

 

 

 

 

Radiopharm Theranostics Limited
Appendix 4E
Preliminary final report

 

6. Other information required by Listing Rule 4.3A

 

a.Details of individual and total dividends or distributions and dividend or distribution payments: N/A
b.Details of any dividend or distribution reinvestment plans: N/A
c.Details of associates and joint venture entities:

 

      Ownership interest 
held by the group
 
Name of entity  Place of business / country of
incorporation
  2026   2025 
      %   % 
 Radiopharm Ventures LLC   United States   87.5    75 

 

On 9 July 2022, Radiopharm Theranostics (USA) Inc. and The University of Texas MD Anderson Cancer Center formed Radiopharm Ventures, LLC, a joint venture to develop novel radiopharmaceutical therapeutic products for cancer. The joint venture continues to focus on developing products based on MD Anderson intellectual property. On 26 August 2024, Radiopharm announced they had increased their ownership in Radiopharm Ventures from 51% to 75%. During the year ended 30 June 2026, Radiopharm Theranostics increased its ownership in Radiopharm Ventures, LLC, from 75% to 87.5%.

 

d. Other information: N/A

 

7. Audit

 

The financial statements are currently in the process of being audited. Audited financial statements along with the independent auditor report for the year ended 30 June 2026 is expected to be released by the end of September 2026 with a material uncertainty in relation to going concern.

 

 

 

 

 

Radiopharm Theranostics Limited

ABN 57 647 877 889

 

 

Preliminary Final Report - 30 June 2026

 

 

 

 

Radiopharm Theranostics Limited
Contents
30 June 2026

 

Statement of profit or loss and other comprehensive income   2
Statement of financial position   3
Statement of changes in equity   4
Statement of cash flows   6
Notes to the financial statements   7

 

General information

 

The financial statements cover Radiopharm Theranostics Limited as a consolidated entity consisting of Radiopharm Theranostics Limited and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Radiopharm Theranostics Limited's functional and presentation currency.

 

Radiopharm Theranostics Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is:

 

Level 3, 62 Lygon Street, Carlton VIC 3053

 

1

 

 

Radiopharm Theranostics Limited
Statement of profit or loss and other comprehensive income
For the year ended 30 June 2026

 

      Consolidated 
      30 June   30 June 
   Note  2026   2025 
      $   $ 
            
Revenue           
Revenue from contracts with customers  2   2,767,888    3,633,422 
Cost of sales      (2,504,499)   (3,594,146)
              
Gross profit      263,389    39,276 
              
Other income and expense items      10,734,382    10,256,740 
Other losses      (868,162)   (351,646)
              
Expenses             
General and administrative expenses  3   (16,215,702)   (14,638,013)
Research and development expenses  4   (49,962,899)   (27,515,194)
Share-based payments expenses      (2,405,955)   (1,895,348)
Movement in contingent consideration      1,671,289    (4,069,680)
              
Operating loss      (56,783,658)   (38,173,865)
              
Finance expenses      (112,396)   (65,300)
              
Loss before income tax expense      (56,896,054)   (38,239,165)
              
Income tax expense      (54,440)   (103,292)
              
Loss after income tax expense for the year      (56,950,494)   (38,342,457)
              
Other comprehensive income             
              
Items that may be reclassified subsequently to profit or loss             
Exchange differences on translation of foreign operations      621,440    464,034 
              
Other comprehensive income for the year, net of tax      621,440    464,034 
              
Total comprehensive loss for the year      (56,329,054)   (37,878,423)
              
Loss for the year is attributable to:             
Non-controlling interest      (1,801,344)   (1,639,368)
Owners of Radiopharm Theranostics Limited      (55,149,150)   (36,703,089)
              
       (56,950,494)   (38,342,457)
              
Total comprehensive loss for the year is attributable to:             
Non-controlling interest      (1,801,344)   (1,639,368)
Owners of Radiopharm Theranostics Limited      (54,527,710)   (36,239,055)
              
       (56,329,054)   (37,878,423)

 

   Cents   Cents 
Loss per share for loss attributable to the ordinary equity holders of the group:          
           
Basic and diluted loss per share   (1.79)   (1.76)

 

The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes

 

2

 

 

Radiopharm Theranostics Limited
Statement of financial position
As at 30 June 2026

 

      Consolidated 
      30 June   30 June 
   Note  2026   2025 
      $   $ 
            
Assets           
            
Current assets           
Cash and cash equivalents  5   4,138,074    29,116,835 
Trade and other receivables  6   17,447,428    10,400,060 
Other current assets      340,194    337,093 
Total current assets      21,925,696    39,853,988 
              
Non-current assets             
Property, plant and equipment      46,136    53,466 
Intangible assets      38,161,747    46,574,422 
Total non-current assets      38,207,883    46,627,888 
              
Total assets      60,133,579    86,481,876 
              
Liabilities             
              
Current liabilities             
Trade and other payables  7   10,531,800    9,340,993 
Other financial liabilities  8   6,860,850    3,421,337 
Employee benefits      697,907    450,104 
Deferred revenue      806,410    1,720,551 
Total current liabilities      18,896,967    14,932,985 
              
Non-current liabilities             
Other financial liabilities  8   18,912,929    28,676,987 
Total non-current liabilities      18,912,929    28,676,987 
              
Total liabilities      37,809,896    43,609,972 
              
Net assets      22,323,683    42,871,904 
              
Equity             
Share capital  9   209,933,371    176,558,493 
Other equity      -    849,544 
Other reserves      14,414,155    13,116,919 
Accumulated losses      (199,660,317)   (145,732,952)
Non-controlling interest      (2,363,526)   (1,920,100)
              
Total equity      22,323,683    42,871,904 

 

The above statement of financial position should be read in conjunction with the accompanying notes

 

3

 

 

Radiopharm Theranostics Limited
Statement of changes in equity
For the year ended 30 June 2026

 

   Attributable to owners of Radiopharm Theranostics Limited     
Consolidated 

Share
Capital

  

Other
equity

  

Other

reserves

  

Accumulated
losses

  

Non-controlling
interest

  

Total
equity

 
   $   $   $   $   $   $ 
                         
Balance at 1 July 2024   100,681,716    849,544    37,930,072    (111,338,770)   (769,276)   27,353,286 
                               
Loss after income tax expense for the year   -    -    -    (36,703,089)   (1,639,368)   (38,342,457)
Other comprehensive income for the year, net of tax   -    -    464,034    -    -    464,034 
                               
Total comprehensive income for the year   -    -    464,034    (36,703,089)   (1,639,368)   (37,878,423)
                               
Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs(note 9)   74,915,537    -    (23,885,229)   -    -    51,030,308 
Issue of options   -    -    2,157,778    -    -    2,157,778 
Issue of shares for milestone completion   741,400    -    -    -    -    741,400 
Equity-settled payments   219,840    -    (231,115)   -    -    (11,275)
Expiration of options   -    -    (2,797,451)   2,797,451    -    - 
Forfeiture of options   -    -    (221,170)   -    -    (221,170)
Cancellation of shares to be issued   -    -    (300,000)   -    -    (300,000)
Increase in ownership in RAD Ventures   -    -    -    (488,544)   488,544    - 
    -    -    -    -    -    - 

 

Balance at 30 June 2025

   176,558,493    849,544    13,116,919    (145,732,952)   (1,920,100)   42,871,904 

 

The above statement of changes in equity should be read in conjunction with the accompanying notes

 

4

 

 

Radiopharm Theranostics Limited
Statement of changes in equity
For the year ended 30 June 2026

 

   Attributable to owners of Radiopharm Theranostics Limited     
Consolidated 

Share
Capital

  

Other
equity

  

Other

reserves

  

Accumulated
losses

  

Non-controlling
interest

  

Total
equity

 
   $   $   $   $   $   $ 
                         
Balance at 1 July 2025   176,558,493    849,544    13,116,919    (145,732,952)   (1,920,100)   42,871,904 
                               
Loss after income tax expense for the year   -    -    -    (55,149,150)   (1,801,344)   (56,950,494)
Other comprehensive income for the year, net of tax   -    -    621,440    -    -    621,440 
                               
Total comprehensive income for the year   -    -    621,440    (55,149,150)   (1,801,344)   (56,329,054)
                               
Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs (note 9)   33,374,878    -    -    -    -    33,374,878 
Issue of options   -    -    2,740,119    -    -    2,740,119 
Expiration of options   -    -    (1,730,159)   1,730,159    -    - 
Forfeiture of options   -    -    (334,164)   -    -    (334,164)
Increase in ownership in RAD Ventures   -    -    -    (1,357,918)   1,357,918    - 
Derecognition of Pharma15   -    (849,544)   -    849,544    -    - 
                               
Balance at 30 June 2026   209,933,371    -    14,414,155    (199,660,317)   (2,363,526)   22,323,683 

 

The above statement of changes in equity should be read in conjunction with the accompanying notes

 

5

 

 

Radiopharm Theranostics Limited
Statement of cash flows
For the year ended 30 June 2026

 
      Consolidated 
   Note 

30 June
2026

  

30 June
2025

 
      $   $ 
Cash flows from operating activities           
Receipts from customers (inclusive of GST)      536,384    5,353,973 
Payments to suppliers and employees (inclusive of GST)      (58,353,869)   (42,799,759)
Interest received      549,213    800,309 
Research and development tax incentive received      4,485,434    - 
              
Net cash used in operating activities      (52,782,838)   (36,645,477)
              
Cash flows from investing activities             
Receipts for sale of intellectual property      -    2,997,592 
Payments of license fee liabilities      (5,420,869)   (1,226,994)
              
Net cash from/(used in) investing activities      (5,420,869)   1,770,598 
              
Cash flows from financing activities             
Proceeds from issue of shares  9   35,378,000    53,977,902 
Share issue transaction costs      (2,003,122)   (4,738,000)
Repayment of borrowings      -    (1,900,000)
Transaction costs related to loans and borrowings      -    (218,633)
Settlement with Lind      -    (1,689,721)
              
Net cash from financing activities      33,374,878    45,431,548 
              
Net (decrease)/increase in cash and cash equivalents      (24,828,829)   10,556,669 
Cash and cash equivalents at the beginning of the financial year      29,116,835    18,575,040 
Effects of exchange rate changes on cash and cash equivalents      (149,932)   (14,874)
              
Cash and cash equivalents at the end of the financial year  5   4,138,074    29,116,835 

 

The above statement of cash flows should be read in conjunction with the accompanying notes

 

6

 

 

Radiopharm Theranostics Limited
Notes to the financial statements
30 June 2026

 

Note 1. Segment information

 

Management has determined based on the reports reviewed by the Chief Operating Decision Maker (CODM) that are used to make strategic decisions, that the group has one reportable segment being the research, development and commercialisation of health technologies. As such, the financial information presented in the body of the financial report represents the results of the Group's sole operating segment. The CODM continues to monitor and review the appropriateness of this segment determination on a regular basis.

 

Note 2. Revenue from contract with customers

 

   30 June   30 June 
   2026   2025 
   $   $ 
Revenue from contract with customers        
Revenue recognised over time   2,767,888    3,633,422 
Total revenue from continuing operations   2,767,888    3,633,422 

 

During the period ended 30 June 2025, the group entered into a strategic development services contract with Lantheus to advance clinical development of innovative radiopharmaceuticals in Australia.

 

Note 3. General and administrative expenses

 

   30 June   30 June 
   2026   2025 
   $   $ 
Accounting and audit   949,683    957,895 
Consulting   406,564    286,138 
Depreciation   7,331    7,331 
Employee benefits   11,186,055    10,120,149 
Insurance   341,658    105,762 
Investor relations   472,262    313,671 
Legal   631,909    656,036 
Listing and share registry   188,341    190,795 
Patent costs   244,529    205,017 
Travel and entertainment   864,801    808,546 
Other   922,569    986,673 
    16,215,702    14,638,013 

 

7

 

 

Radiopharm Theranostics Limited
Notes to the financial statements
30 June 2026

 

Note 4. Research and development expenses

 

   30 June   30 June 
   2026   2025 
   $   $ 
Amortisation   2,698,702    2,588,306 
AVb6 Integrin (TRIMT)   918,221    1,876,983 
Consulting Fees R&D   1,324,355    930,292 
hu PSA Anti-body (Diaprost)   7,011,056    2,925,445 
Impairment losses   5,266,823    - 
R&D Ventures   11,040,742    5,989,964 
NanoMab   15,070,282    7,185,000 
Neoindicate   351,529    437,400 
Pivalate - Imperial   6,153,044    5,184,136 
UCLA   -    226,063 
Other   128,145    171,605 
    49,962,899    27,515,194 

 

The categories shown here align with the intellectual property held by the group and represents the amount of R&D expended on developing the respective intellectual property.

 

Note 5. Cash and cash equivalents

 

   Consolidated 
   30 June   30 June 
   2026   2025 
   $   $ 
Current assets        
Cash at bank   4,138,074    29,116,835 
    4,138,074    29,116,835 

 

(i) Reconciliation to cash flow statement

 

The above figures reconcile to the amount of cash shown in the consolidated statement of cash flows at the end of the financial year and period, respectively, as follows:

 

   30 June   30 June 
   2026   2025 
   $   $ 
Balance as above   4,138,074    29,116,835 
Balance per statement of cash flows   4,138,074    29,116,835 

 

(ii) Classification as cash equivalents

 

Term deposits are presented as cash equivalents if they have a maturity of three months or less from the date of acquisition and are repayable with 24 hours notice with no loss of interest.

 

(iii) Risk exposure

 

The maximum exposure to credit risk at the end of the reporting year is the carrying amount of each class of cash and cash equivalents mentioned above.

 

8

 

 

Radiopharm Theranostics Limited
Notes to the financial statements
30 June 2026

 

Note 6. Trade and other receivables

 

       30 June           30 June     
       2026           2025     
   Current   Non-current   Total   Current   Non-current   Total 
   $   $   $   $   $   $ 
Trade receivables   1,227,040          -    1,227,040    -          -    - 
Accrued receivables(i)   15,877,895    -    15,877,895    10,171,532    -    10,171,532 
GST and other receivables   342,493    -    342,493    228,528    -    228,528 
    17,447,428    -    17,447,428    10,400,060    -    10,400,060 

 

(i) Accrued receivables

 

Accrued receivables comprise $15,877,895 from the Australian Taxation Office in relation to the R&D tax incentive (30 June 2025: $10,171,532). Subsequent to year-end, Radiopharm received $5,780,657 relating to the accrued income recognised at 30 June 2025. This receipt represents the settlement of the outstanding balance and has been recorded as cash in the following financial year.

 

Note 7. Trade and other payables

 

       30 June
2026
           30 June
2025
     
   Current   Non-current   Total   Current   Non-current   Total 
   $   $   $   $   $   $ 
Trade payables   5,466,476          -    5,466,476    6,347,397          -    6,347,397 
Accrued expenses   4,836,856    -    4,836,856    2,750,662    -    2,750,662 
Other payables   228,468    -    228,468    242,934    -    242,934 
    10,531,800    -    10,531,800    9,340,993    -    9,340,993 

 

Note 8. Other financial liabilities

 

       30 June
2026
           30 June
2025
     
   Current   Non-current   Total   Current   Non-current   Total 
   $   $   $   $   $   $ 
Diaprost contingent consideration   1,979,902    6,916,482    8,896,384    1,328,087    8,841,829    10,169,916 
NanoMab contingent consideration*   4,502,764    1,050,443    5,553,207    1,832,833    4,899,858    6,732,691 
NeoIndicate contingent
consideration
   -    -    -    -    1,870,454    1,870,454 
Pivalate contingent consideration   378,184    1,646,950    2,025,134    225,245    1,933,981    2,159,226 
Pharma15 contingent consideration   -    -    -    -    1,134,164    1,134,164 
TRIMT contingent consideration   -    7,758,256    7,758,256    -    8,423,667    8,423,667 
MD Anderson contingent consideration   -    1,540,798    1,540,798    35,172    1,573,034    1,608,206 
    6,860,850    18,912,929    25,773,779    3,421,337    28,676,987    32,098,324 

 

*Payment to be made in the form of ordinary shares in the company, based on the price of the 7 day volume weighted average price (VWAP) prior to the announcement of the milestone on the ASX.

 

9

 

 

Radiopharm Theranostics Limited
Notes to the financial statements
30 June 2026

 

Note 9. Share capital

 

   30 June   30 June   30 June   30 June 
   2026   2025   2026   2025 
   Shares   Shares   $   $ 
Ordinary Shares                
Ordinary Shares Fully paid   3,544,216,160    2,364,949,502    209,933,371    176,558,493 

 

(i) Movements in ordinary shares: 

 

   Number of   Total 
Details  Shares   $ 
Balance at 1 July 2024   460,367,051    100,681,716 
Issue of ordinary shares at $0.040 pursuant to issue of securities (2024-07-01)   597,130,727    23,885,229 
Issue of ordinary shares at $0.040 pursuant to Tranche 2 placement shares (2024-08-21)   858,056,603    34,322,264 
Issue of ordinary shares at $0.040 pursuant to Tranche 2 placement shares (2024-08-21)   14,031,195    561,248 
Issue of ordinary shares at $0.050 pursuant to Lantheus investment (2024-08-23)   149,625,180    7,481,259 
Issue of ordinary shares at $0.040 pursuant to issue of placement shares (2024-09-13)   93,750,000    3,750,000 
Issue of ordinary shares at $0.036 for the achievement of a milestone (2024-12-13)   20,594,438    741,400 
Issue of ordinary shares at $0.036 pursuant to forfeiture shares (2024-12-16)   7,091,615    219,840 
Issue of ordinary shares at $0.060 pursuant to issue of placement shares to Lantheus (2025-01-20)   133,333,333    8,000,000 
Issue of ordinary shares at $0.025 for the achievement of a milestone (2025-06-12)   30,969,360    774,234 
Less: Transaction costs arising on share issues   -    (3,858,697)
Balance at 30 June 2025   2,364,949,502    176,558,493 
           
Balance at 1 July 2025   2,364,949,502    176,558,493 
Issue of ordinary shares at $0.030 pursuant to issue of securities (2025-10-24)   415,706,190    12,471,186 
Issue of ordinary shares at $0.030 pursuant to issue of securities (2025-12-05)   12,599,991    378,000 
Issue of ordinary shares at $0.030 pursuant to issue of securities (2025-12-09)   750,960,477    22,528,814 
Less: Transaction costs arising on share issues   -    (2,003,122)
Balance at 30 June 2026   3,544,216,160    209,933,371 

 

Note 10. Events after the reporting period

 

On July 24, 2026, the Company announced an A$12.5 million institutional offer and launched A$6 million Share Purchase Plan. The institutional offer comprises of two-tranche placement of approximately 448,839,531 new fully paid ordinary shares at A$0.015 per New Share to an Australian international institutional and sophisticated investors; and 384,493,800 underlying ordinary shares at US$3.16 per ADS to a US Direct Registration Offering. The Share Purchase Plan offer closes on 10 September 2026.

 

No other matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years.

 

10