• Revenue of $62.8 million, up $0.3 million from previous quarter
• Received $3.5 million government grant proceeds
• Cash on hand of $3.8 million and $6.1 million in unused facilities
• Entered $3 million short-term financing facility with major shareholder

Pro-Pac Packaging Limited (ASX:PPG) provided an update on its activities for the quarter ended 30 June 2025. The company's revenue was $62.8 million, an increase of $0.3 million compared to the previous quarter. During the quarter, the company received $3.5 million (plus GST) in proceeds from a Government Grant for the establishment of a soft plastic film recycling plant. As at 30 June 2025, the company had cash on hand of $3.8 million and unused facilities of $6.1 million. On 31 July 2025, the company entered into a new loan facility with its major shareholder Bennamon Pty Ltd for an amount of up to $3.0 million. The loan has an interest rate of 10.0% and is available to be drawn at any time up to the termination date of 30 September 2026. The company's full year results and Annual Report for the year ended 30 June 2025 are scheduled to be released by 31 August 2025, with FY2025 EBITDA (pre-AASB 16 and before significant items) expected to be approximately a $19.5 million loss. The company has initiated a strategic review focused on improving profitability, reviewing capital allocation, and assessing short-term and medium-term funding arrangements.