Key points
- Net cash from operating activities of $1.1 million in Q2 FY25
- Cash and cash equivalents of $1.48 million at quarter end
- Loan facilities of $2.75 million, with $350,000 unused
Full summary
Energy Action Ltd has released its Appendix 4C Quarterly cash flow report for the quarter ended 31 December 2024. The company reported net cash from operating activities of $1.1 million in the quarter, bringing the year-to-date total to $1.4 million. Cash and cash equivalents at the end of the quarter stood at $1.48 million, up from $935,000 in the previous quarter. The company has total financing facilities of $4.3 million, with $3.96 million drawn and $350,000 remaining unused. This includes a $2.75 million market rate loan facility with the Commonwealth Bank, as well as a $86,000 bank guarantee and a $50,000 credit card facility. The company also has $1.42 million in loans from directors. Overall, the report demonstrates Energy Action's solid cash flow and financial position as it continues to execute its business strategy.