Appendix 4D and Interim Financial Report

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Stock Clearvue Technologies Ltd (CPV.ASX)
Release Time 28 Feb 2025, 4:09 p.m.
Price Sensitive Yes
 ClearVue Reports 1H FY25 Highlights
Key Points
  • Secured first solar building envelope order for cladding sections of the Enex100 in Perth
  • Secured first order for solar glazing and integrated solar cladding to leading Australian modular housing manufacturer Prefabulous
  • Signed major manufacturing and distribution licensees in the Middle East, India, China and the United Kingdom
Full Summary

ClearVue Technologies Limited (ASX:CPV; OTC:CVUEF) provided its half year activities report and Appendix 4D for the period ending 31 December 2024 (1H FY25). The company secured its first order for its solar building envelope solution for the Enex100 building in Perth, and its first order for solar glazing and integrated solar cladding with leading Australian modular housing manufacturer Prefabulous. ClearVue expanded its global manufacturing and distribution network through key strategic agreements in the UAE, China, and the UK. The company also strengthened its ag-tech capabilities through the acquisition of ROOTS Sustainable Agricultural Technologies and new research partnerships. ClearVue is strengthening its North American presence, with key appointments and a new showroom in San Jose. The company has completed the majority of testing required to enable sales in the building industry.

Guidance

The company recorded a net operating cash outflow of $5.49 million for the half. As of 31 December 2024, the company had a cash balance of approximately $7.2 million.

Outlook

As ClearVue enters the second half of FY25, the company is strategically positioned for accelerated commercialisation, supported by key global partnerships. The company anticipates forthcoming trial data to further validate the impact of its technology on greenhouse crops, which will reinforce its leadership in ag-tech solutions and drive long-term value creation for investors.