• FY25 Revenue $19.8m, Total Comprehensive Loss $4.1m
• Transition to Build-Own-Operate renewable gas infrastructure
• Construction of Australia's largest bioenergy facility for Yarra Valley Water substantially complete

Delorean Corporation Ltd has released its Appendix 4E Preliminary Financial Report for the year ended 30 June 2025, highlighting a strategic pivot in its business model. The company transitioned from delivering bioenergy construction projects for others to investing in, building and operating its own renewable gas infrastructure assets. This transformation represents the next stage in Delorean's growth, creating long-term, multi-revenue streams backed by investment-grade partners and offtakers. During FY25, Delorean substantially completed the $51 million construction phase of the Lilydale bioenergy facility for Yarra Valley Water in Victoria, extending its proven track record to four major projects across Australia and New Zealand. Concurrently, the company moved into construction of its first Build-Own-Operate (BOO) project, the SA1 Salisbury bioenergy facility in South Australia, which is scheduled to deliver first gas in April 2026.The reported net loss after tax of $6.5 million (FY24: $4.8 million profit) reflects Delorean's deliberate reinvestment of construction profits and capabilities into scaling engineering and business capacity to deliver BOO infrastructure. The company's operational base remains strong, with the company poised to reap the benefits of contracted O&M revenues, including an $8 million initial contract for Lilydale, underpinning stable income as separate BOO earnings also begin to flow in FY26.Delorean has secured financing for the SA1 project, with a $32 million corporate debt facility from Tanarra Restructuring Partners and a $6.1 million grant commitment from ARENA. The company is also actively pursuing further government grant opportunities for its BOO portfolio.Recent regulatory reforms have strengthened the renewable gas sector in Australia, with biomethane now formally recognised as a natural gas equivalent. Delorean has also established strategic partnerships with leading corporates and energy providers, ranging from joint project development to offtake arrangements, which provide market access, bankability, and secure multi-year income streams.Looking ahead, Delorean's key focus for FY26 is the completion, commissioning and diversified revenue flow from the SA1 BOO bioenergy facility, as well as advancing its VIC1 and NSW1 projects towards construction start. The company intends to secure long-term biomethane offtake agreements for its BOO portfolio to underpin project capital recycling and debt refinance.

Delorean expects to commence biomethane and liquid CO2 production from the SA1 BOO facility in April 2026, with revenues ramping up progressively during FY26 as the facility starts accepting organic waste from the Adelaide commercial and industrial market.

Delorean is well-positioned to deliver short-term success and sustained long-term growth, with a focus on completing and commissioning the SA1 BOO facility, advancing the VIC1 and NSW1 projects, and securing long-term biomethane offtake agreements to underpin its growing BOO portfolio.