Energy Technologies Limited (AU:EGY) has released an update.
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Energy Technologies Limited has reported a strong first quarter for FY2025 with a 23% increase in cash receipts to A$3.2 million, driven by the initial sales from its newly operational Renewable Energy Division. The company has shown a 52.6% improvement in net cash operating outflows, reflecting its strategic shift towards expanding its commercial pursuits through new agreements and a renewed focus on higher-margin opportunities. With a $6 million line of credit and a $12.7 million rights issue underway, the company is well-positioned to meet its working capital needs and capitalize on growth opportunities in the energy sector.
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