Foresta Group Holding (FGH) H2 2025 earnings summary

Executive summary

• Transitioned from concept to execution with groundwork for flagship integrated biomass facility in Kawerau, NZ, including a 30-year lease, resource consent for Stage 1, and geotechnical investigations completed.

• Secured fast-track status under NZ's Fast-Track Approvals Act 2024, expediting consenting and construction.

• Signed non-binding term sheet with Genesis Energy for torrefied wood pellets and LOI with Lawter (NZ) for multiple bio-based products.

• Exclusive technology license with E3 Carbon enables advanced torrefaction and multiple revenue streams.

• Raised $2.575M in convertible notes and $1.15M in a placement at a 25% premium to pre-suspension prices.

Financial highlights

• Operating loss for FY2025 was $3,375,115, a significant improvement from $9,650,145 loss in FY2024.

• No dividends declared or paid for the year.

• Cash and cash equivalents at year-end were $1,199,115, up from $185,748 in FY2024.

• Net cash used in operating activities was $2,648,355, improved from $4,073,919 in FY2024.

• Total assets increased to $4,165,803 from $3,761,668; net assets at $1,272,260.

Outlook and guidance

• Focus for FY2026 is to secure funding to commence construction of the Kawerau facility.

• Committed to driving project forward and delivering sustainable value.