• Confirmation of no material impact from Cyclone Alfred
• LPE is cashflow positive for the nine months to 31 March 2025
• New Board appointments to drive strategic execution and growth
• The Board reaffirms guidance for Financial Year 2025 to be a Net Profit of $3m to $3.5m

Locality Planning Energy Holdings Ltd (ASX: LPE) has provided an overview of its activities for the quarter ending 31 March 2025. The company confirms that all sites have had power restored and any property damage has been repaired following Cyclone Alfred, with no material impacts on LPE operations or financial results. The Board reaffirms its guidance for the FY 2025 to be a net profit of between $3m to $3.5m. LPE is cashflow positive for the nine months year to date ending 31 March 2025, however, with the receipt of the Cost-of-Living Rebate (COLR) in Quarter 1 not recognised in Quarter 3, LPE recorded a net cash outflow for the March quarter. LPE holds COLR funds for customers to apply to their individual accounts in lieu of future payments as they fall due. On 20 March 2025, LPE announced the appointment of three new independent non-executive directors to drive growth, with Messrs Tilley and Kolenc stepping down due to growing commitments with their other roles. LPE's recruitment of a new Chief Financial Officer is progressing well, with interviews to be scheduled in late April / early May 2025. The company has also resolved a legal matter against Powershift Technologies Pty Ltd and continues to pursue a matter against the Body Corporate for Harbour Towers Strata Plan 77177. LPE has amended its agreement with the Bundaberg BioHub Pty Ltd, extending the repayment date to 30 June 2025, with BioHub expected to repay the balance of $6.7m out of sale funds.

The Board reaffirms guidance for Financial Year 2025 to be a Net Profit of $3m to $3.5m.