Li-S Energy Limited (ASX:LIS) Releases Interim Financial Report
Financial Performance
Li-S Energy Limited (ASX:LIS) reported a net loss after tax of $2.67 million for the six months ended 31 December 2024, representing a 9% increase from the previous period. Earnings per share stood at a loss of 0.42 cents, compared to a loss of 0.38 cents in the prior period. The company’s net tangible assets per share decreased by 19% to 4.77 cents.
Operational Highlights
The company made significant strides in advancing its battery technology. Li-S Energy completed and commissioned its Phase 3 Production Facility in Geelong, now Australia’s largest pouch cell manufacturing site with an annual capacity of up to 2MWh. A breakthrough was achieved in energy density, with GEN3 lithium sulfur pouch cells reaching 498Wh/kg on first discharge. Additionally, the company successfully completed UAV test flights powered by its lithium-sulfur battery packs.
Li-S Energy also secured $1.35 million through the Emerging Aviation Technology Partnership and a $1.7 million grant from the Federal Government’s Industry Growth Program to establish Australia’s first lithium metal foil production line. These achievements underscore the company’s commitment to enhancing battery performance and expanding production capabilities.
Future Outlook
Looking ahead, Li-S Energy plans to scale its production capacity with the upcoming Phase 4 facility, targeting a production capacity exceeding 500MWh. The company is also focused on licensing its intellectual property to battery manufacturers and expanding collaborations in high-growth markets such as eAviation, drones, and security. No interim dividends were declared during this period.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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