Foresta Group Holding (FGH) Q3 2025 TU earnings summary

Executive summary

• Flagship Kawerau project included in New Zealand's Fast-Track Approvals Act, expediting development of renewable energy infrastructure.

• Signed term sheet with Genesis Energy for supply of torrefied wood pellets, targeting 300,000 tonnes per annum by FY2028.

• Resource consent granted for Stage 1 development at Kawerau, enabling commencement of earthworks.

• $2 million AUD received from a convertible note agreement, providing working capital.

• Settlement of acquisition of substantial shareholders' shares by SWAT7D Pty Ltd.

Financial highlights

• Cash balance of $2,131,000 as at 31 March 2025.

• Net cash used in operating activities was $(449,000) for the quarter and $(1,556,000) for the nine months.

• Net cash from financing activities was $2,016,000 for the quarter and $3,598,000 for the nine months.

• Payments to related parties totaled $126,900 for the quarter.

Outlook and guidance

• Construction of the Kawerau facility to commence, subject to successful capital raising.

• Earthworks scheduled to begin in September, aligning with the approved season.

• Estimated 4.7 quarters of funding available based on current cash burn.