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Aeris Environmental Ltd (ASX:AEI)

ALERT: Price-sensitive ASX Announcement for AEI
Current share price for AEI : $0.030 -0.015 (-33.33%)+
Announcement
Release
29 Aug 2025 4:45PM
Price at Release
$0.045
Full Release
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Summary
Aeris Environmental Ltd's Preliminary Final Report for the year ended 30 June 2025, reports a notable financial performance with revenues from ordinary activities increasing by 2.98% to $3,260,541. However, the company experienced a significant downturn with a loss after tax attributable to members decreasing by 38.66% to $(4,122,258). The net tangible assets per ordinary share were reported as negative, indicating financial challenges. The company did not pay or propose any dividends during the financial year. The report, audited and signed by Director Robert J Waring, notes no significant events affecting the company's future operations post the reporting period. The operating loss and liabilities emphasize the company's financial hurdles, while it also faced an increase in the operating cash burn rate from $1,985,353 in 2024 to $4,279,326 in 2025. The cash balance as of 30 June 2025 was $882,993.
Key Points
  • Revenues from ordinary activities increased by 2.98% to $3,260,541.
  • Loss from ordinary activities after tax decreased by 38.66% to $(4,122,258).
  • No dividends were paid or proposed during the financial year.
  • Net tangible assets per ordinary share were negative.
  • Operating cash burn rate increased significantly.
  • Cash balance as at 30 June 2025 was $882,993.
  • Report was audited and signed by Director Robert J Waring.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.