Key points
- Net cash used in operating activities of $951k in Q1 FY2025
- Cash and cash equivalents of $2.2m at quarter end
- Raised $2.6m from equity issues in Q1 FY2025
Full summary
Icetana Ltd has released its Appendix 4C quarterly cash flow report for the quarter ended 31 March 2025. The company reported net cash used in operating activities of $951k for the quarter, compared to $2.5m used in the first 9 months of the financial year. Cash and cash equivalents at the end of the quarter stood at $2.2m, up from $698k at the end of the previous quarter. Icetana raised $2.6m from the issue of equity securities (excluding convertible debt) during the quarter, with total proceeds from equity issues in the first 9 months of FY2025 reaching $3.4m. The company also made $29k in payments for property, plant and equipment during the quarter. Icetana had $34k in financing facilities drawn at the end of the quarter, relating to a premium funding loan for Directors' and Officers' insurance. Based on the net cash used in operating activities and the cash and cash equivalents at the end of the quarter, the company estimates it has approximately 2 quarters of funding available.