Quarterly Activities Report and Appendix 4C

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Stock Volt Group Limited (VPR.ASX)
Release Time 31 Jan 2025, 8:21 a.m.
Price Sensitive Yes
 Volt Power Group Ltd reports Q4 FY24 results
Key Points
  • 20% FY24 revenue growth to $5.24 million
  • Record annual net cash from operating activities of $1.90 million
  • EcoQuip revenue up 67% to $1.95 million, Wescone revenue up 3% to $3.29 million
Full Summary

Volt Power Group Ltd reported strong Q4 FY24 results, with 20% growth in full-year revenue to $5.24 million and record annual net cash from operating activities of $1.90 million. The company's EcoQuip business achieved ~67% growth in FY24 revenue to $1.95 million, while the Wescone business reported FY24 revenue of $3.29 million, exceeding the prior year by ~$0.1 million. During the quarter, EcoQuip expanded its mobile solar light tower trial with Chevron in the USA, and initiated deployments with Thiess at its Olive Downs mining site. Wescone secured a new distribution partner in Africa, Mineral Innovative Technologies (Pty) Ltd, to expand its reach in the region. The company also advanced an ATEN Concept Study with Synergy, the WA government-owned energy retailer and generator, highlighting the technical and commercial viability of installing Volt's ATEN waste heat to power system at an existing Synergy power station.