ANO.ASX: Update on $2.7 Million Profit Turnaround

Update on $2.7 Million Profit Turnaround

Stock	Advance Zinctek Ltd (ANO.ASX)
Release Time	30 Jun 2025, 1:04 p.m.
Price Sensitive	Yes

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Advance ZincTek Ltd reports $2.7M profit turnaround

Key Points

Sales revenue for FY25 YTD exceeds full year FY24
Profit before tax expected to be ~$1.95M, up from $990K loss in FY24
Cash reserves of $525,305, debt-free with $2M+ trade receivables

Full Summary

Advance ZincTek Ltd (ANO) has provided an update on its financial performance based on unaudited management accounts. The company reports that sales revenue for the FY25 year to date has reached $11.4 million, exceeding the full year FY24 revenue of $9.32 million. This increase reflects stronger sales performance in the USA and operational efficiencies following the closure of the Perth facilities. Based on current trading results, ANO expects to report a profit before tax of approximately $1.95 million, a significant improvement compared to the loss before tax of $990,000 recorded in FY24. The company's balance sheet remains strong, with cash reserves of $525,305, no debt, and trade receivables in excess of $2 million. The Board is currently assessing capital management initiatives and expects to provide an update at the forthcoming Annual General Meeting.

Guidance

ANO expects to report a profit before tax of approximately $1.95 million for the FY25 year to date.