Energy Technologies Limited 1Q FY2025 Quarterly Activities Report and Appendix 4C

Energy Technologies Limited (ASX: EGY), is pleased to release its Quarterly Activities Report and Appendix 4C Quarterly Cash Flow Report for the period ended September 2024 (“1Q FY2025”).

Key highlights:

Quarterly cash receipts of A$3.2m, up 23% on June 2024 Quarter;
Net Cash operating outflows of $1.28m, a 52.6% improvement on June 2024 Quarter;
Renewable Energy Division becomes operational and records initial sales receipts of $328k;
Wholesale product agency/distribution agreement with Tratos Group finalised and implemented within the Purchased Sales Division;
On 12 September 2024, announced a non-renounceable pro-rata rights issue to eligible shareholders to raise up to c. $12.7 million; and
$6.00m line of credit secured to support continued execution of the revised business plan including anticipated growth of the Renewable Energy and Purchased Sales divisions.

During 1Q FY2025, EGY recorded cash receipts of A$3.2m, up 23% on the immediately preceding quarter ending 30th June 2024 (“June 2024 Quarter”) facilitated by inaugural cash receipts in an amount of $328k from the Renewable Energy Division (as to which refer below).

The increased cash receipts and continued execution in respect of the previously announced revised business plan contributed to a significant reduction in 1Q FY2025 net cash operating outflows to $1.28m, a 52.6% improvement over the June 2024 Quarter.

The revised business plan re-focuses the Company from being predominantly concerned with the manufactured sales of specialised low voltage wires and cables to a broadening of commercial pursuits comprising:

adopting strict financial margin metrics for the Manufactured Sales Division, whereby – absent a compelling commercial rationale - low margin production orders are transferred to the Purchased Sales Division;
the commissioning of the of the Renewable Energy Division, which currently comprises the recently announced wholesale distribution agreement with the Gantner Group; and
the establishment of the Purchased Sales Division with the recently announced wholesale distribution agreement with the Tratos Group, which now enables EGY to offer the complete suite of medium and high voltage wires, cables and allied products.

As a consequence of the continued execution of the transformative business plan, EGY not only enjoyed its first sales from the Renewable Energy Division during 1Q FY2025 but importantly has been able to confidently commence tendering in this sector supported by the recent:

procurement of a $6.00m line of credit; and
launch of the c. $12.7m non-renounceable pro rata rights issue.

With the forgoing initiatives, EGY can now comfortably meet any working capital requirements arising from its’ enhanced business activities. In this respect the Board reserves the right to place the rights issue shortfall as the working capital requirements dictate.

EGY CEO Nick Cousins commented: “We are currently pursuing a range of tenders that extend beyond revenue opportunities in our Renewable Energy Division. EGY is strategically positioned to enhance revenue growth in both the Purchased Sales and Manufactured Sales divisions. Our ability to provide comprehensive solutions across low, medium, and high voltage wires, cables, and related products will enable us to capitalise on these opportunities effectively”.

Click here for the full ASX Release

This article includes content from Energy Technologies Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Sample #	Easting (m)	Northing (m)	SiO₂ (%)	Al₂O₃ (%)	CaO (%)	Fe₂O₃ (%)	MgO (%)	P₂O₅(%)	TiO₂(%)	B (ppm)
299516	509114	5685249	99.41	0.11	0.02	0.39	0.01	<0.01	<0.01	6
299517	509193	5685166	98.84	0.14	0.01	0.23	0.02	<0.01	<0.01	8
299518	509314	5685171	99.20	0.10	0.01	0.25	0.02	<0.01	0.01	10
299519	509350	5685151	98.26	0.12	0.01	0.35	0.01	<0.01	0.01	15
299520	509369	5685129	99.20	0.13	0.01	0.21	<0.01	<0.01	0.03	16
299521	509395	5685107	99.17	0.15	0.01	0.27	0.02	<0.01	0.01	8
299522	509418	5685094	98.78	0.23	0.02	0.26	0.01	<0.01	0.01	12
299523	509442	5685075	98.59	0.14	0.02	0.26	<0.01	0.01	0.01	12
299524	509450	5685043	99.74	0.07	0.01	0.30	0.01	0.01	0.01	6
299525	509471	5685019	98.58	0.04	0.01	0.36	0.01	0.01	0.01	7
299526	509482	5684990	99.25	0.14	0.02	0.27	0.04	0.01	0.01	7
299527	509500	5684961	99.66	0.16	0.02	0.31	0.02	0.01	0.01	7
299528	509515	5684938	99.21	0.14	0.01	0.32	0.02	0.01	0.01	7
299529	509538	5684911	99.13	0.11	0.01	0.27	0.03	0.01	0.01	21
299530	509561	5684862	98.18	0.25	0.01	0.31	0.03	0.01	0.01	7
299531	509598	5684823	98.93	0.27	0.02	0.36	0.03	0.01	0.01	7
299532	509583	5684759	98.99	0.09	0.01	0.30	<0.01	0.01	0.01	7
299533	509619	5684743	98.72	0.16	0.01	0.35	0.02	0.01	0.01	14
299534	509641	5684726	98.18	0.30	0.01	0.33	0.04	0.01	0.02	15
299535	509712	5684697	99.41	0.13	0.01	0.30	0.02	0.01	0.01	7
299536	509736	5684685	99.27	0.11	0.01	0.33	0.02	0.01	0.01	7
299537	509764	5684670	98.58	0.13	0.02	0.36	0.03	0.01	0.02	8
299548	509306	5685510	99.32	0.14	0.01	0.29	0.01	0.01	0.01	18
299560	509476	5685127	98.99	0.13	0.01	0.32	0.03	0.01	0.02	27
299561	509472	5685107	99.01	0.05	0.01	0.32	0.01	0.01	<0.01	18
299562	509457	5685115	98.74	0.15	0.01	0.26	0.01	0.01	0.02	28
299563	509439	5685112	98.35	0.20	0.02	0.34	0.02	0.01	0.01	27
299564	509459	5685092	99.20	0.09	0.01	0.32	<0.01	0.01	0.01	21
299565	509487	5685107	99.49	0.09	0.01	0.28	0.03	0.01	0.02	28
299566	509490	5685083	98.48	0.25	0.02	0.35	0.01	0.01	0.01	26
299567	509503	5685071	99.03	0.11	0.02	0.34	0.02	0.01	<0.01	21
299568	509477	5685067	99.16	0.10	0.01	0.30	<0.01	0.01	<0.01	18
299569	509478	5685044	98.68	0.10	0.01	0.32	0.03	0.01	<0.01	20
299570	509506	5685041	98.46	0.43	0.02	0.32	0.06	0.01	0.01	29
299571	509523	5685054	98.81	0.13	0.01	0.31	0.03	0.01	0.01	22
299572	509382	5685160	98.42	0.09	0.01	0.29	0.01	0.01	0.01	23
299573	509397	5685160	98.92	0.11	0.01	0.36	<0.01	0.01	<0.01	18
299574	509406	5685142	99.12	0.09	0.01	0.30	0.02	0.01	<0.01	17
299575	509409	5685120	98.56	0.14	0.01	0.37	<0.01	0.01	<0.01	21
299581	509357	5685172	98.84	0.08	0.02	0.32	<0.01	0.01	0.01	18
299582	509429	5685142	98.87	0.15	0.01	0.29	<0.01	0.01	0.02	8
299583	509446	5685146	98.25	0.33	0.02	0.33	0.03	0.01	0.03	17
299584	509455	5685145	99.49	0.11	0.02	0.27	<0.01	0.01	0.01	5
299585	509473	5685142	98.66	0.08	0.01	0.36	<0.01	0.01	<0.01	6
299586	509493	5685133	98.52	0.05	0.01	0.29	<0.01	0.01	<0.01	<5

Sample #	Easting (m)	Northing (m)	SiO₂ (%)	Al₂O₃ (%)	CaO (%)	Fe₂O₃ (%)	MgO (%)	P₂O₅(%)	TiO₂(%)	B (ppm)
248351	511603	5682006	98.60	0.28	0.08	0.25	0.04	0.01	0.01	15
248352	511563	5681948	99.45	0.15	0.02	0.22	0.02	0.01	<0.01	6
248353	511552	5681948	99.01	0.19	0.03	0.29	0.04	0.01	0.01	9
248354	511551	5681951	99.09	0.11	0.02	0.22	0.03	0.01	0.01	6
248355	511530	5681940	98.74	0.09	0.02	0.23	<0.01	0.01	<0.01	6
248356	511522	5681942	98.82	0.08	0.01	0.31	<0.01	0.01	<0.01	<5
248357	511512	5681951	98.31	0.09	0.01	0.24	0.01	0.01	0.01	5
248358	511485	5681948	98.14	0.13	0.28	0.32	0.03	0.01	0.01	8
248359	511461	5681935	99.49	0.11	0.02	0.30	0.02	0.01	<0.01	10
248360	511436	5681932	99.06	0.03	0.05	0.25	0.01	0.02	<0.01	5
248361	511444	5681918	99.42	0.07	0.01	0.29	0.02	0.01	<0.01	6
248362	511440	5681942	97.83	0.32	0.73	0.36	0.03	0.03	0.01	8
248364	511374	5682002	98.43	0.09	0.43	0.36	<0.01	0.16	<0.01	<5

Sample #	Easting (m)	Northing (m)	SiO₂ (%)	Al₂O₃ (%)	CaO (%)	Fe₂O₃ (%)	MgO (%)	P₂O₅(%)	TiO₂(%)	B (ppm)
248384	513642	5680350	98.22	0.37	0.21	0.41	0.14	0.02	0.03	27
248385	513671	5680320	95.82	0.57	0.69	0.51	0.52	0.02	0.03	30
248386	513685	5680313	97.77	0.48	0.05	0.37	0.05	0.01	0.03	30
248387	513708	5680285	98.90	0.36	0.02	0.35	0.04	<0.01	0.03	30
248388	513735	5680261	98.11	0.32	0.03	0.31	0.04	<0.01	0.03	35
248389	513748	5680244	98.05	0.49	0.03	0.30	0.03	<0.01	0.01	28
248390	513654	5680223	98.91	0.13	0.01	0.27	0.04	<0.01	0.01	29
248391	513627	5680208	98.74	0.09	0.02	0.30	0.02	<0.01	0.02	27
248392	513600	5680217	99.52	0.06	0.02	0.32	0.03	<0.01	0.01	23
248393	513564	5680220	96.98	1.04	0.05	0.33	0.07	0.03	0.07	41
248394	513592	5680259	98.91	0.30	0.13	0.35	0.13	<0.01	0.02	31
248395	513390	5680466	99.26	0.11	0.02	0.35	0.03	<0.01	0.01	25
248396	513367	5680495	98.81	0.12	0.07	0.34	0.04	<0.01	0.01	25
248397	513332	5680531	99.25	0.08	0.02	0.37	0.01	<0.01	0.01	26
248398	513301	5680539	99.08	0.15	0.21	0.33	0.04	<0.01	0.01	27
248399	513283	5680559	98.76	0.07	0.09	0.36	0.02	<0.01	0.01	22
248400	513263	5680602	98.77	0.08	0.01	0.29	<0.01	<0.01	0.01	24
299501	513231	5680636	98.14	0.15	0.02	0.41	0.02	<0.01	0.01	26
299502	513188	5680660	99.05	0.20	0.02	0.27	<0.01	<0.01	0.01	27
299503	513160	5680700	99.07	0.16	0.02	0.31	0.02	<0.01	0.01	27
299504	513133	5680705	98.85	0.13	0.02	0.26	0.01	<0.01	0.01	26
299508	513834	5679986	98.68	0.15	0.03	0.26	0.02	<0.01	0.01	21
299509	513876	5679941	98.88	0.23	0.03	0.27	0.04	<0.01	0.03	34
299510	513904	5679907	99.08	0.05	0.02	0.29	<0.01	<0.01	0.01	11
299511	513968	5679864	99.82	0.15	0.02	0.27	0.02	<0.01	0.01	23
299512	514023	5679832	99.21	0.12	0.02	0.29	0.03	<0.01	0.03	10
299513	514070	5679980	97.08	1.11	0.02	0.75	0.09	0.01	0.05	18
299514	514081	5680011	96.66	1.27	0.02	0.43	0.05	0.01	0.07	26
299515	514075	5680039	98.58	0.26	0.07	0.45	0.07	0.01	0.03	14

Channel	From (m)	To (m)	Interval (m)	SiO₂ (%)	Al₂O₃ (%)	CaO (%)	Fe₂O₃ (%)	MgO (%)	P₂O₅(%)	TiO₂(%)	B (ppm)
TM1	0.00	4.74	4.74	98.83	0.15	0.01	0.30	0.01	0.01	0.01	24
TM2	0.00	5.80	5.80	98.88	0.10	0.01	0.33	0.01	0.01	0.01	10
5.80	6.30	0.50	Overburden
6.30	8.83	2.53	98.90	0.10	0.01	0.30	0.01	0.01	0.02	7
8.83	9.38	0.55	Overburden
9.38	13.0	3.62	99.21	0.09	<0.01	0.35	0.01	0.01	0.02	11
TM3	0.00	7.60	7.60	99.03	0.11	<0.01	0.32	0.01	0.01	0.02	7
7.60	10.20	2.60	Overburden
10.20	11.00	0.80	99.08	0.11	<0.01	0.27	0.01	0.01	0.02	6
11.00	11.90	0.90	Overburden
11.90	18.00	6.10	98.79	0.11	<0.01	0.29	<0.01	0.01	0.02	10
TM4	0.00	5.22	5.22	99.09	0.09	<0.01	0.33	<0.01	0.01	0.02	12
TM5	0.00	3.80	3.80	98.82	0.15	<0.01	0.29	<0.01	0.01	0.04	15
3.80	4.50	0.70	Overburden
4.50	7.00	2.50	98.85	0.12	<0.01	0.31	0.02	0.01	0.02	20
7.00	10.20	3.20	Overburden
10.20	12.00	1.80	98.77	0.09	<0.01	0.34	0.01	<0.01	0.01	12
12.00	13.00	1.00	Overburden
13.00	17.50	4.50	98.30	0.15	0.09	0.34	0.02	<0.01	0.01	13
17.50	20.10	2.60	Overburden
20.10	33.20	13.10	98.81	0.11	<0.01	0.31	0.01	<0.01	0.01	9

Energy Technologies Limited 1Q FY2025 Quarterly Activities Report and Appendix 4C

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