• Net cash used in operating activities of $660k
• Cash and cash equivalents of $551k at quarter end
• Secured $2.69m placement to fund ongoing operations

1414 Degrees Ltd has released its quarterly cash flow report for the period ended 31 March 2026. The company reported net cash used in operating activities of $660k for the quarter, with $551k in cash and cash equivalents at the end of the period. Key cash outflows included $325k for research and development, $230k for staff costs, and $273k for administration and corporate costs. The company received $197k in R&D tax offsets and other government grants during the quarter. In investing activities, the company had a net cash inflow of $50k, primarily due to loan repayments from other entities. Financing activities resulted in a net cash inflow of $106k, including $220k from the issue of equity securities and $66k in loan repayments. The company has secured a $2.69 million placement, which will be used to fund the ongoing development of the Aurora Energy Precinct and other clean energy storage projects. The company expects to continue its current level of net operating cash flows and believes it will be able to continue its operations and meet its business objectives with the funds raised.

The company expects to continue its current level of net operating cash flows and believes it will be able to continue its operations and meet its business objectives with the funds raised from the $2.69 million placement.