Foresta Group Holding (FGH) H1 2025 earnings summary

Executive summary

• Operating loss after tax for the half-year ended 31 December 2024 was $1,766,358, an improvement from a $2,387,590 loss in the prior corresponding period.

• Net assets at 31 December 2024 totaled $1,614,248, with cash assets of $598,440.

• Principal activities focused on developing a patented integrated pine chemicals and torrefied wood pellet plant in New Zealand and advancing sustainable wood chemical extraction methods.

• Key project milestones included a Letter of Intent for product offtake, a technology license agreement, and inclusion in New Zealand's Fast-Track Approvals Act 2024.

Financial highlights

• Revenue for the period was $1,036, with other income of $168,086, and a gain on disposal of assets of $35,532.

• Total expenses were $1,913,488, including $1,413,658 in employee and consultant expenses and $174,526 in finance costs.

• Basic and diluted loss per share was (0.07) cents, compared to (0.11) cents in the prior period.

• Net tangible asset backing per ordinary share was 0.06 cents, down from 0.35 cents a year earlier.

Outlook and guidance

• Focus for 2025 is on breaking ground for the New Zealand facility, securing funding, and identifying short- to medium-term revenue opportunities.

• Active exploration of private equity, debt financing, and government grants to support project development.