Foresta Group Holding (FGH) Q2 2025 TU earnings summary

Executive summary

• Entered a $2 million AUD convertible note agreement with a director-associated entity, providing working capital.

• Raised $1.1 million AUD via a placement of new shares at a 25% premium to last closing price.

• Signed an exclusive technology license with E3 Carbon GmbH for advanced torrefaction technology.

• Received a letter of intent from Lawter Inc. NZ for offtake of torrefied wood pellets, rosin, and turpentine.

• Flagship project included in New Zealand's Fast-Track Approvals Act 2024.

Financial highlights

• Net cash used in operating activities was $590,000 for the quarter and $1,285,000 for the half-year.

• Cash balance at 31 December 2024 was $598,000.

• Received $800,000 in insurance recoveries related to the Apple Tree Creek site.

• Raised $1,150,000 from equity and $575,000 from convertible debt during the quarter.

Outlook and guidance

• Estimated quarters of funding available is 1.01, with plans to secure additional funds from insurance and a $2 million convertible note due by 31 March 2025.

• Confident in ability to continue operations and meet business objectives in the short term.