Green360 Technologies (GT3) Q1 2027 TU earnings summary

Executive summary

• MKX moved into commercial sales, with binding Holcim and Eifers agreements for up to 9,600 tonnes across their respective initial 12-month terms; more than 3,500m³ of MKX concrete was placed on Melbourne infrastructure projects.

• Quarterly revenue improved and net operating cash outflow fell sharply; a post-quarter R&D tax refund lifted pro forma available funding to $3.58m.

Financial highlights

• Unaudited September-quarter revenue rose 9% to $3.6m from $3.3m in the June quarter, reflecting customer pricing adjustments effective from 1 July.

• Net operating cash outflow was $118k, down from $1.13m in the June quarter; operating cash receipts from customers were $3.487m.

• Cash and cash equivalents were $2.585m at quarter end; after the $598k R&D tax refund, pro forma available funding was $3.58m.

Outlook and guidance

• Management targets positive operating cash flow during FY27 as pricing benefits and cost-saving initiatives continue.

• Dedicated MKX calcining facility scoping study targeted for completion by end CY2026; priorities include additional supply agreements and higher MKX sales.

• Post-refund pro forma funding of $3.58m equates to 19.3 quarters based on September-quarter cash outgoings.