Key points
- Revenue from ordinary activities increased by 3,809.09% to $43,000
- Loss from ordinary activities after tax was $2,230,293
- Acquisition of Coralia Pty Ltd for carbon removal solutions
- Strategic partnerships and collaborations with Viva Energy and others
- Leadership transition with Timothy Brooks appointed as CEO
Full summary
NoviqTech Ltd has released its half-year financial report for the period ended June 30, 2026. The company reported a substantial increase in revenue from ordinary activities by 3,809.09% to $43,000. However, the company also reported a loss from ordinary activities after tax of $2,230,293. The company has made significant strides in the carbon removal sector with the acquisition of Coralia Pty Ltd, a biochar Carbon Dioxide Removal (CDR) platform. NoviqTech Ltd has also entered into strategic partnerships and collaborations, including a $2.39 million Sustainable Aviation Fuel (SAF) book-and-claim project with Viva Energy. The company has also experienced a leadership transition with Timothy Brooks appointed as the new Managing Director and Chief Executive Officer.