Frontier Energy (FHE) H1 2025 earnings summary

Executive summary

• Progressed strategy to build a vertically integrated renewable energy company in Western Australia, focusing on the Waroona Renewable Energy Project.

• Secured multiple non-binding indicative offers for strategic investment in Stage One of the Waroona Project.

• Commenced Power Purchase Agreement discussions to secure revenue certainty for project financing.

• Waroona Project selected for support under the Australian Government's Capacity Investment Scheme.

• Entered into an Option Agreement to divest the Superior Lake Zinc and Copper Project in Canada.

Financial highlights

• Net loss for the half-year ended 30 June 2025 was $210,593, including a net profit from discontinued operations of $1,372,219 (prior year: net loss $2,166,007).

• Cash at banks at 30 June 2025 was $5,294,574, down from $14,334,978 at 31 December 2024.

• Basic and diluted loss per share for the half-year was (0.04) cents; for continuing operations, (0.31) cents.

• Total assets at 30 June 2025 were $82,433,649; net assets were $81,578,203.

Outlook and guidance

• Focus remains on securing a strategic investor and finalising PPAs to enable low-cost debt financing for the Waroona Project.

• Expansion opportunities for additional renewable energy capacity are being assessed, leveraging existing land and infrastructure.