• Record revenue of $9.1m in 1H FY25
• Powerhouse availability at 100% with 3 units deployed
• Engineering business reframed to focus on quality of earnings
• Recurring 'blue chip' customer base in key sectors

Synertec Corporation Ltd (ASX:SOP) has released its FY25 H1 trading and business update, providing key highlights and insights into the performance of its Technology (Powerhouse) and Engineering business segments. The company reported record revenue of $9.1m in 1H FY25, with the Powerhouse technology achieving 100% availability and 3 units deployed. The Engineering business has been reframed to focus on quality of earnings, with adjustments to 'go/no go' settings when evaluating opportunities and a strategic emphasis on higher-margin, regulated, and strategically important projects. Synertec also highlighted its recurring 'blue chip' customer base across the Energy, Water, Critical Infrastructure, and Advanced Manufacturing sectors. The company's cash position at the end of 1H FY25 was $5.3m, with an operating cash burn of $1.2m. The presentation provides detailed information on the Powerhouse technology, including its core advantages of affordability, reliability, and sustainability, as well as its initial applications in the Queensland CSG and Cooper Basin oil and gas sectors.