• Revenue down 34% to $4.86m
• Loss after tax up 3% to $4.98m
• Order book replaced, now at $2.72m with improved margins
• Lack of resources hampers delivery, seeking funding to grow revenue

Energy Technologies Ltd (EGY) reported a consolidated net loss after tax and excluding non-controlling interest of $4,981,753 for the half-year ended 31 December 2024, compared to a loss of $5,145,877 in the previous corresponding period. EGY's wholly owned subsidiary Bambach Wires and Cables Pty Ltd reported a loss after tax of $3,963,969 compared to a loss of $4,445,620 in the prior period. During the period, the company continued to reposition both its offering and revenue profile, resulting in a 34% decline in revenue and the order book being effectively replaced with new orders. However, the order book has now been replaced and currently sits at $2.72m at margins well above those forecast in the most recent updates. The company continues to be hampered by a lack of resources to deliver on this plan, despite the expansion of product through the Tratos and Gantner Distribution Agreements. The successful tender with Siemens Mobility added $0.86m to the order book. With the shortfall of the rights issue in September 2024, the company has pursued and is in negotiations to fund this order book to ensure that it can grow revenue off the sales that have already been secured. During the period, EGY raised $4,550,000 via loans for working capital, and $600,000 of convertible notes were redeemed on maturity and the proceeds were provided as a short-term loan.