• Significant technical achievements in Li-S Energy battery cell performance
• Commissioning of Phase 3 production facility in Geelong
• Deconsolidation of Li-S Energy, now recognized as an Associate

During the first half of the financial year, PPK Group continued to action its strategy of investing capital and expertise in innovative, growth stage companies in the energy storage, armour protection and nanomaterials sectors. Both the divestment of Advanced Mobility Analytics Group (AMAG) and the restructure of the investment in Li-S Energy (LIS) are consistent with those objectives. As part of the transactions associated with the sell-down in PPK's ownership of LIS, the company was able to reward shareholders with a special dividend via a fully franked in-specie distribution of LIS shares. While PPK no longer controls LIS, it retains one position on the LIS Board and remains the largest shareholder, preserving significant opportunity for PPK shareholders to benefit from future LIS commercialization. PPK's other investments, including Craig International Ballistics and PowerPlus Energy, have had mixed performance, with CIB delivering strong growth and PPE facing challenging market conditions. The nanomaterials companies, BNNT Technology and White Graphene, have experienced slower than anticipated commercialization progress. Overall, PPK remains focused on strengthening the performance of its existing portfolio while seeking new opportunities to expand its footprint across the energy transition value chain.

PPK is focused on continuing to strengthen the performance of the existing portfolio of investments while looking for new opportunities to expand its footprint across the energy transition value chain.