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RENERGEN LIMITED - Audited Annual Financial Statements for the year ended 28 February 2025

Release Date: 19/05/2025 08:30
Code(s): REN     PDF:  
Wrap Text
Audited Annual Financial Statements for the year ended 28 February 2025

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 Group" or "Company")


AUDITED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY
2025


1.   SALIENT FEATURES

Revenue increased by 79.7% to R52.1 million, from R29.0 million in the prior corresponding
period.

Headline loss per share ("HLPS") increased to 159.15 cents per share, from 75.07 cents per
share in the prior corresponding period.

Loss per share ("LPS") increased to 159.10 cents per share, from 75.10 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

This short-form announcement is the responsibility of the board of directors of Renergen.

This short form announcement is a summarised version of the annual financial statements
("AFS") for the year ended 28 February 2025 and as such, it does not contain full details
pertaining to the Company's annual results.

The full AFS can be found on the Company's website:
https://renergen.co.za/announcements/ and on the JSE's website at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/REN/FY25REN.pdf

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

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 Renergen's website.

The Company's auditor, BDO, has issued its unmodified opinion with a material uncertainty
related to going concern paragraph on the Group's audited consolidated financial statements
for the year ended 28 February 2025. The material uncertainty relates to the regulatory and
other approvals, and the completion of the Funding Initiatives highlighted in note 36 and 27
of the consolidated and separate AFS respectively during the period ending 28 February
2025, which represent material uncertainties that may cast significant doubt on the Group's
ability to continue as a going concern and therefore, that it may be unable to realise its assets
and discharge its liabilities in the normal course of business. Their opinion is not modified in
respect of this matter.


Johannesburg
19 May 2025


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: 19-05-2025 08:30:00
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