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RENERGEN LIMITED - Summary Financial Statements for the year ended 29 February 2024

Release Date: 08/05/2024 16:30
Code(s): REN     PDF:  
Wrap Text
Summary Financial Statements for the year ended 29 February 2024

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
("Renergen" or the "Company")


SUMMARY FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024


1.   SALIENT FEATURES

Revenue increased by 128.4% to R29.0 million, from R12.7 million in the prior corresponding
period.

As a result of the plant outages during the prolonged maintenance, headline loss per share
("HLPS") increased to 75.07 cents per share, from 19.89 cents per share in the prior
corresponding period and loss per share ("LPS") increased to 75.10 cents per share, from
19.86 cents per share in the prior corresponding period.

No dividends were declared or paid during the financial year under review and in the prior
corresponding period.


2.   SHORT-FORM ANNOUNCEMENT

The Summary Financial Statements are extracted from audited information but are not
themselves audited and the directors are responsible for the accuracy of the extraction. This
short-form announcement is the responsibility of the directors of the Company. It only
contains a summary of the information included in the Company's Summary Financial
Statements and does not contain full or complete details.

Any investment decisions by investors and/or shareholders should be based on the Summary
Financial Statements, as a whole.

The Summary Financial Statements can be found at:
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/REN/FY24REN.pdf

The Company's full audited consolidated annual financial statements ("AFS"), will be
incorporated in the Company's integrated annual report for the year ended 29 February 2024
("Integrated Report") and will be distributed before the end of June 2024.

The AFS have been audited by the Company's auditors, BDO, who expressed an unmodified
audit opinion thereon. The AFS and full auditor's report are available, on request from the
Company.

BDO have maintained the requirement for the inclusion of note 16 in the Summarised
Financial Statements - The regulatory and other approvals highlighted above, and the
completion of the Funding Initiatives during the Assessment Period represent material
uncertainties which may cast significant doubt on the Group's ability to continue as a going
concern. The Board has a reasonable expectation that the approvals will be obtained, and
that the Funding Initiatives will be completed during the Assessment Period which enables
the Group to have adequate resources to meet its obligations and continue its operations in
the normal course of business for the Assessment Period.


Johannesburg
8 May 2024


Authorised by: Stefano Marani
Chief Executive Officer


Designated Advisor
PSG Capital


www.renergen.co.za
For all media relations please contact:

investorrelations@renergen.co.za

For all US investors and media relations please contact:

Georg Venturatos / Jared Gornay – Gateway Group, (949) 574-3860

Ren@gateway-grp.com

Date: 08-05-2024 04:30:00
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