• Revenue up 9.6% to $13.08 million
• EBITDA down 32.9% to $1.24 million
• Loss of $401,197 compared to profit of $249,000 in prior period

Aquirian Ltd, a mining services company, has reported its half-year results for the period ended 31 December 2024. The company saw a 9.6% increase in revenue to $13.08 million, but a 32.9% decline in EBITDA to $1.24 million, resulting in a loss of $401,197 compared to a profit of $249,000 in the prior period. The loss was primarily related to the ramp-up phase of the Wubin facility, lower underground fleet utilization, and long service leave provisioning. The company remained focused on safety, ESG, quality service provision, and providing solutions to customers. It realigned its business to focus on its strategic pillars of energetics and technology, reducing corporate and operating costs. The company's Wubin Emulsion Facility is now delivering value through three revenue streams, and the company is experiencing strong interest from customers and partners in its offerings. The development and protection of the company's Collar Keeper technology and innovation remain central to providing clients with end-to-end total quality assurance in blast hole drilling. The company has been awarded a $250,000 matching grant from the Minerals Research Institute of Western Australia to expedite the development of the automated Collar Keeper System.