InvestSMART

Delorean Corporation Limited (ASX:DEL)

ALERT: Price-sensitive ASX Announcement for DEL
Current share price for DEL : $0.099 0.004 (4.21%)+
Announcement
Release
30 Jan 2026 4:36PM
Price at Release
$0.095
Full Release
download
Summary
Delorean Corporation Limited released their Q2 FY26 Quarterly Report, highlighting their strategic progress and financial performance for the period ending December 2025. The company, which focuses on renewable energy and waste management, reported a cash balance of $4.8 million and customer receipts of $1.8 million. Key projects include the completion of a $53 million bioenergy facility for Yarra Valley Water and continued development of the SA1 Salisbury and VIC1 projects. Delorean also secured a $2.7 million grant from ARENA and entered a strategic partnership with Opal, aligning with their Build-Own-Operate strategy. The company is benefiting from strong policy support in renewable gas, positioning itself as a leader in Australia's bioenergy sector. Financially, Delorean managed a reduction in operating costs and an increase in grant and tax refunds, although they also increased spending on project development.
Key Points
  • Cash balance of $4.8 million as at 31 December 2025.
  • Receipts from customers were $1.8 million for the quarter.
  • Practical completion of a $53 million construction project for Yarra Valley Water.
  • Continued development of the SA1 Salisbury and VIC1 bioenergy projects.
  • Secured $2.7 million grant payment from ARENA.
  • Entered strategic MOU with Opal for bioenergy developments.
  • Supporting Australia's decarbonisation with renewable gas initiatives.
  • Financial management included reduced operating costs and increased project development spending.
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.