• LPE is cashflow positive for the half year ending 31 December 2024
• LPE reduced its borrowings from $3.3m to $2.2m by repaying $1.1m
• LPE chosen to provide energy solutions to Queensland's largest social and affordable housing development in Cairns

Locality Planning Energy Holdings Ltd (ASX: LPE) has provided an overview of its activities for the quarter ending 31 December 2024. The company is pleased to report that it is cashflow positive for the half year ending 31 December 2024. LPE also reduced its borrowings from $3.3m to $2.2m by repaying $1.1m to Roadnight Capital during the quarter. Additionally, LPE was chosen to provide energy solutions to Queensland's largest social and affordable housing development in Cairns, demonstrating the company's strategy in action to be the provider of choice for delivering local solutions. The Board has reaffirmed guidance for Financial Year 2025 to be a Net Profit of $3m to $3.5m. LPE continues to focus on improving customer satisfaction and retention, acquiring new sites to scale the business, reducing cost per serve, and increasing margins. The company is also looking to grow through buying energy better, providing better value-added products, and exploring the role of batteries, micro-grids, and Virtual Power Plants. LPE aims to become an industry leader by extending beyond energy to look at additional services and working with customers to solve problems and improve its value proposition for Social and Affordable Housing.

The Board reaffirms guidance for Financial Year 2025 to be a Net Profit of $3m to $3.5m.