Pacific Lime and Cement Limited (PLA) H1 2025 earnings summary

Executive summary

• Focused on natural resources and renewables in Papua New Guinea, with projects in lime, cement, battery minerals, industrial sands, carbon credits, and renewables.

• Central Lime Project (CLP) and Orokolo Bay Industrial Sands Project are key development priorities.

• Secured US$50 million in financing for CLP, with US$10 million received via convertible notes and US$40 million conditional equity funding.

• Achieved legal milestones for renewables and carbon offset projects, and advanced community agreements for CLP.

• Reported a loss after tax of A$4.85 million for the half-year, up from A$2.95 million loss in the prior year.

Financial highlights

• Revenue and other income: A$1.28 million for the half-year ended 31 Dec 2024.

• Loss after tax: A$4.85 million (vs. A$2.95 million loss in prior year period).

• Basic and diluted loss per share: (1.18) cents (vs. (0.90) cents prior year).

• Net assets: A$46.43 million as of 31 Dec 2024 (up from A$44.44 million at 30 June 2024).

• Cash and cash equivalents: A$4.91 million at 31 Dec 2024 (down from A$6.80 million at 30 June 2024).

Outlook and guidance

• Focus for next 12 months: advance CLP and Orokolo Bay projects to final investment decision and construction.

• Continue to develop renewable energy opportunities in PNG.