REM.ASX: March 2025 Quarterly Activities and Cash Flow Report

March 2025 Quarterly Activities and Cash Flow Report

Stock	Remsense Technologies Ltd (REM.ASX)
Release Time	30 Apr 2025, 8:13 a.m.
Price Sensitive	Yes

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Q3 FY2025 Quarterly Activities and Cash Flow Report

Key Points

Cash flow positive Quarter with net cash from operating activities of $420K
Strong Customer cash receipts of $1.403M
Woodside Energy renews virtualplant subscription
Renewed ISO certifications
Growing market demand and sales pipeline

Full Summary

RemSense Technologies Limited (RemSense or the Company) (ASX:REM) reported on its Q3 FY2025 activities and cash flows. The company achieved another cash flow positive quarter with receivables totalling A$1.403M and net cash generated from operating activities of $420K. Key activities during the quarter included developing an immersive 3D visualisation training solution for a Tier 1 Oil and Gas company, scanning and processing imagery for a Tier 1 Oil and Gas client's facilities in the U.S. Gulf, and renewing Woodside Energy's virtualplant subscription. RemSense also delivered a project capturing high-resolution LiDAR imagery of a NEXTDC Data Centre and continued to execute multiple Remotely Piloted Aircraft System (RPAS) projects. The company successfully recertified its major ISO certifications. RemSense continues to experience strong and growing demand for its virtualplant product and services, with a robust sales pipeline across the Oil and Gas, mining, and industrial sectors. The company has further deepened its partnership with Chevron and commenced discussions with Shell regarding the provision of similar services. RemSense has also resumed discussions with Newmont Mining regarding a global rollout of virtualplant, and is in advanced negotiations with a Tier 2 Oil and Gas company for high-resolution drone and ground-based photogrammetry. The company is exploring new market segments and opportunities, including infrastructure decommissioning solutions, urban drone inspection services, and re-engagement with the Defence sector.

Outlook

RemSense continues to experience strong and growing demand for its virtualplant product and services, with a robust sales pipeline across the Oil and Gas, mining, and industrial sectors. The company is actively pursuing growth and diversification opportunities in new industries to further strengthen its market presence.