• Revenue and other income of $8.5 million, down 7% on pcp
• Engineering EBITDA of $0.4 million, up from breakeven in pcp
• Powerhouse business sees increase in sales enquiries

Synertec Corporation Ltd reported its FY25 H1 results, with revenue and other income of $8.5 million, down 7% on the prior comparative period. The Engineering business contributed an EBITDA of $0.4 million, up from breakeven in the prior period, driven by an increase in the proportion of hourly rate engineering services projects and cost-saving initiatives. The Powerhouse business saw an increase in sales enquiries, with the first generation Powerhouse unit upgraded and the second generation units operational at the Santos GLNG JV. The company continues to progress on several large opportunities in the gas sector and has expanded the capability of its Powerhouse control software platform. The balance sheet shows total assets of $17.5 million, including cash of $7.1 million, and net assets of $8.0 million. The company remains focused on safely and efficiently completing Powerhouse commissioning, closing near-term Powerhouse opportunities, and advancing opportunities to apply its Powerhouse IP to different markets.

• Safely and efficiently complete Powerhouse commissioning and site works at Santos
• Focus on closing near-term Powerhouse opportunities
• Continue to develop strategic partnerships to expand market opportunities for Powerhouse
• Advance opportunities to apply Powerhouse IP to different markets
• Develop supply chain partnerships that deliver significant cost advantages and supply resilience