Green360 Technologies (GT3) H2 2024 earnings summary

Executive summary

• Revenue increased to A$12.3m in FY24, up from A$11.3m in FY23, driven by higher hydrous kaolin sales and cost optimisation initiatives.

• Significant capital expenditure at Pittong completed, reducing capital outflows and supporting future cost efficiency.

• Commercialisation of licensed low carbon geopolymer concrete technology advanced, including a binding Joint Development Agreement with PERMAcast.

Financial highlights

• FY24 revenue reached A$12.3m, a year-over-year increase of A$1m.

• Fourth quarter FY24 project level EBITDA was positive at $53k, reflecting improved sales and cost controls.

• Corporate administrative overheads fell 23.5% year-over-year to $2.7m.

• Cash balance at 30 June 2024 was $3.1m.

Outlook and guidance

• Cost optimisation initiatives are expected to further improve profitability in FY25.

• Ongoing commercialisation of low carbon geopolymer concrete technology with new product launches and partnerships.