Gelion (GELN) investor relations material

Technology and product development

• Achieved significant breakthroughs in sulfur battery technology, improving power and cycle life to levels competitive with LFP and NMC chemistries, enabling applications in EVs and stationary storage.

• Secured a three-year collaboration with Max Planck Institute, resulting in sulfur batteries capable of over 1,000 cycles and rapid six-minute charging.

• Developed a robust, low-cost sulfur cathode material compatible with existing lithium-ion manufacturing processes, supported by a comprehensive IP portfolio of 229 patents.

• Advanced sodium-sulfur battery technology, targeting cost-sensitive stationary storage and economy EV markets, leveraging the abundance and low cost of sodium and sulfur.

• Received a $5 million Australian government grant to scale up production and commercialize new materials.

Business model and partnerships

• Adopted a capital-light model focused on supplying materials and licensing technology, avoiding the need to build gigafactories.

• Established strategic partnerships in the UK, Europe, Australia, and Asia, including NDAs and MTAs with tier-one battery manufacturers.

• Integration business is generating early revenue and margin, with synergies between technology and integration solutions.

• Actively pursuing collaborations with major battery manufacturers and offtake partners, including Glencore.

• Strong support from UK and Australian governments, with ongoing business development in India and other key markets.

Financial performance and outlook

• Achieved 34-35% forecast revenue growth for FY25, driven by integration business and operational efficiencies.

• Reduced costs by 21% compared to FY23, with adjusted EBITDA loss expected to improve by 10% in FY25.

• Completed an oversubscribed capital raise of £2.6 million, with funds allocated to technology development, business growth, and working capital.

• Progressing toward commercial sustainability, with revenue and margin now being generated and a strong pipeline of integration projects.

• Path to profitability seen as both time- and event-driven, with potential for major corporate investment to accelerate cash flow positivity.