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Eden Innovations ( (AU:EDE) ) has provided an announcement.
Eden Innovations Ltd reported a 21% increase in revenue for the fiscal year ending June 2025, driven by strong sales of its EdenCrete® product through Holcim across multiple continents. Despite the revenue growth, the company faced a significant increase in net loss due to a revaluation of assets. The company is undertaking several financial restructuring initiatives, including a share consolidation and a rights issue, to strengthen its balance sheet and reduce debt. The anticipated sale of properties in the U.S. is expected to significantly reduce debt levels, providing more working capital for market expansion. Eden Innovations also announced its first commercial order from a Canadian subsidiary of Holcim, marking a significant step in its market penetration efforts.
More about Eden Innovations
Eden Innovations Ltd operates in the construction and energy sectors, focusing on innovative products such as EdenCrete® and OptiBlend®. The company targets global markets, including North America, Europe, and South America, with a strong emphasis on enhancing concrete performance and offering alternative energy solutions.
YTD Price Performance: 46.43%
Average Trading Volume: 464,308
Technical Sentiment Signal: Sell
Current Market Cap: A$13.49M
For an in-depth examination of EDE stock, go to TipRanks’ Overview page.