EGY 1HY25 Results
Released
Released
Announcement PDF
ASX Announcement
28 February 2025
Energy Technologies Limited 1H25 Results
Key highlights:
First sales in the new renewables division;
Signed Distribution Agreement with Tratos Group; and
Awarded first tender with Siemens Mobility.
Energy Technologies Limited (ASX: EGY or “the Company”), releases its 1H FY25 Results for
the period ending 31 December 2024
The consolidated net loss after tax and excluding non-controlling interest of the Group for the
half year ended 31 December 2024 was $4,981,753 (31 December 2023 Loss was
$5,145,877).
EGY’s wholly owned subsidiary Bambach Wires and Cables Pty Ltd (the company) reported
a loss after tax of $3,963,969 compared to December 2023 Half Year loss of $4,445,620.
During this period, the company continued to reposition both its offering and revenue profile.
This resulted in changing both the product mix and margin on product sold and product
accepted into the order book. This resulted in Revenue being down 34% and the order book,
in effect, being replaced with new orders. Pleasingly, the order book has now been replaced
and currently sits at $2.72m at margins well above those forecast in the most recent updates.
However, the company continues to be hampered by a lack of resources to deliver on this
plan, notwithstanding the expansion of product through both the Tratos and Gantner
Distribution Agreements, as disclosed on 17 May 2024 and 5 September 2024. The 25
November 2024 announcement regarding the successful tender with Siemens Mobility added
$0.86m to the order book. With the shortfall of the rights issue in September 2024, the
company has pursued and is in negotiations to fund this order book to ensure that it can grow
revenue off the sales that have already been secured.
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About Energy Technologies
Energy Technologies Limited (ABN 38 002 679 469) specialise in providing high-quality electrical cables for a wide
range of applications across the Low Voltage (LV), Medium Voltage (MV), and High Voltage (HV) markets. Our
comprehensive product offerings cater to diverse industries, with a particular focus on Infrastructure, Renewables,
Defence and Mining sectors.
Learn more about Energy Technologies at website www.energytechnologies.com.au.
For more information, please contact:
General enquiries
Corporate Communications
Mr. Gregory Knoke
Company Secretary
greg.knoke@energytechnologies.com.au
This announcement is authorised by Energy Technologies Limited’s Board of Directors.
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