• Revenue increased 31.5% to $1.8 million
• Received $458,701 R&D tax incentive
• Focused on becoming cash flow positive in next financial year

Aeeris Ltd, a leading Environmental Services company, reported a consolidated loss of $240,744 for the half-year ended 31 December 2024, representing a 52% improvement from the prior corresponding period's loss of $503,852. This result was supported by the receipt of a $458,701 research and development tax incentive, recognizing the Group's ongoing commitment to technological innovation. During the period, revenue has continued to demonstrate positive momentum, achieving an increase of 31.5% to $1,800,494 versus the previous corresponding period. This was driven primarily by increased demand for more precise and bespoke weather solutions. New revenue sources have emerged through additional products and services for the insurance industry, Tomorrow.io contracts, and the GIS platform, contributing to growth in Annual Recurring Revenue over the past 12 months. The Group also made strategic investments aligned with its vision to expand its product offerings and strengthen its intellectual property portfolio, reflecting the Group's commitment to innovation and new product development, and enhanced its customer governance framework through staffing additions, including a dedicated account manager, to improve service delivery and client relationships. The Group's recent performance is showing promising trends, and the Group's primary focus is now to become cash flow positive from existing operations in the next financial year.

The Group has identified approximately $300,000 of net cost savings as outsource contracts expire at the end of the FY2025, which is expected to help the Group become cash flow positive from existing operations in the next financial year.