• Sales revenue up to $10.65 million in FY25 vs $9.53 million in FY24
• Profit before tax expected to be $1.75 million, a significant improvement from FY24 loss of $990,000
• One-off and non-recurring expenses of $339,000 negatively impacted current results

Advance ZincTek Ltd (ANO) has provided an update on its financial performance, indicating a significant profit turnaround expected for the current financial year (FY25). Based on unaudited management accounts, the company's sales revenue for FY25 to date is $10.65 million, compared to $9.53 million for the full year FY24. This increase in sales, driven by growth in the USA market and the closure of the Perth facilities, is expected to result in a profit before tax of approximately $1.75 million, a significant improvement from the FY24 loss before tax of $990,000. However, the current result was negatively impacted by several one-off and non-recurring items, including a non-cash expense of $121,000 related to a staff share issue and Perth staff redundancy arrangements, additional amortisation of $88,000 relating to capitalised product development costs, and a reduction in sales due to the previously announced loss of a major customer for the White Sapphire Matte product ($130,000 FY25, $1,020,000 FY24). The company also incurred costs associated with the transfer and installation of Perth production equipment to the Brisbane facility, which have been expensed. As of today's date, ANO has cash reserves of $767,095, remains debt-free, and has trade receivables of $2.4 million. The Board is currently assessing capital management initiatives and expects to provide an update at the upcoming Annual General Meeting. The company also provided updates on its product and market developments, including the distribution of samples to key U.S. distributors for the White Sapphire Matte product and the arrival of high purity white sapphire precursor materials for high purity trials, which are scheduled to commence in June 2025.

The company currently expects a profit before tax of approximately $1.75 million for the 2025 financial year, a significant improvement from the FY24 loss before tax of $990,000.