• Invoicing milestones pushed to Q4 FY25
• Lower Q3 FY25 invoicing and cash collections due to program milestone delays
• Existing and new programs with US energy utility sector customers progressed

Pointerra Ltd released its Q3 FY25 Quarterly Activities and Appendix 4C Cash Flow Report. Key highlights include: Existing and new programs with US energy utility sector customers progressed during Q3, with some material invoicing milestones pushed into Q4 FY25. Lower Q3 FY25 invoicing and cash collections were impacted by these program milestone delays, but are expected to rebound to Q2 FY25 levels in Q4, underwritten by more than A$4.5 million in receivables and existing contract work in hand. The Survey & Mapping, Power & Water Utilities, Mining/Oil & Gas, AECO, and Transport sectors all saw progress during the quarter, with new customer acquisitions, growth in existing client spend, and key milestones achieved. The Company's R&D efforts focused on expanding LiDAR processing capabilities, enhancing photogrammetry cloud processing, core platform infrastructure upgrades, 3D tiling pipeline improvements, and development of new image-based AI analytics. Cash receipts for Q3 FY25 were A$0.73 million, contributing to YTD operating cash inflows of A$0.1 million, a significant improvement over the prior corresponding period. The Company ended the quarter with a cash balance of A$2.96 million.

Cash receipts for YTD FY25 of A$8.1 million compare favorably to A$6.8 million for full year FY24 and A$4.1 million for the prior corresponding period. The US$2 million contract extension by the US Department of Energy announced in January 2025 will commence during Q4 FY25.