Delorean Corporation Limited (ASX:DEL) Announces Q2 FY2025 Highlights
Financial Performance
Delorean Corporation reported a cash balance of $15.3 million and receipts from customers amounting to $7.59 million for the quarter ended 31 December 2024.
Project Developments
The company reached an internal Financial Investment Decision on the 100% owned SA1 Bioenergy Project and continued construction on the $53 million Yarra Valley Water project. Additionally, the co-development of the NSW1 Project with Brickworks Building Products progressed towards financial investment decision by late Q4 FY2025.
Corporate Activities
Delorean drew down $12.85 million from the Tanarra funding facility, bringing the total to $17.85 million, and settled its historical loan with Roadnight Capital. The company also published its third annual ESG report, highlighting its sustainability efforts.
Future Outlook
In Q3 FY2025, Delorean aims to advance the SA1 Project to construction, secure funding for the VIC1 Project, and continue developing its project pipeline, including QLD1.
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