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Pilot Energy Limited (ASX:PGY)

ALERT: Price-sensitive ASX Announcement for PGY
Current share price for PGY : $0.054 0.05 (1,250%)+
Announcement
Release
11 Dec 2025 9:53AM
Price at Release
$0.004
Full Release
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Summary
Pilot Energy Limited, trading on the Australian Securities Exchange under the symbol PGY, has secured a $1.52 million R&D Tax Incentive refund debt financing facility from Radium Capital Pty Ltd. This facility assists Pilot in advancing 85% of the anticipated R&D Tax Incentive refund for the fiscal year 2025, which is approximately $1.8 million. The refund is expected to be fully received in the first quarter of 2026. This agreement represents Pilot's strategic initiative to leverage R&D financing to further its Mid West Clean Energy and WA 481 P gas exploration projects, and to potentially extend funding to ongoing expenditures related to the Cliff Head Carbon Storage Project. Pilot's Managing Director, Brad Lingo, noted that the facility underscores the company's capacity to recycle capital invested in these projects.
Key Points
  • Pilot Energy Limited secured a $1.52 million R&D Tax Incentive refund facility.
  • The facility is provided by Radium Capital Pty Ltd, a Perth-based R&D financier.
  • Pilot plans to apply for a $1.8 million R&D Tax Incentive refund for FY2025.
  • The facility advances 85% of the expected refund amount.
  • The full refund is anticipated to be received in Q1 2026.
  • The refund facility will be repaid in full upon receiving the refund.
  • The initiative supports the Mid West Clean Energy and WA 481 P gas exploration projects.
  • The facility may extend to funding the Cliff Head Carbon Storage Project.
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.