First Graphene Advances Towards Profitability and Expansion

First Graphene Ltd (AU:FGR) has released an update.

First Graphene Ltd. has announced progressive traction in their financial and operational performance for the quarter ending June 2024, with revenue reaching approximately A$125,000, reflecting a diversifying clientele across various industries. The company is optimistic about FY2025, anticipating new product productions to drive them towards positive cash flow, bolstered by a 60% decrease in operational costs over the past four years. Key developments include strategic partnerships for sustainable materials, trials with the UK’s largest cement producer, and global market expansion through new distribution agreements.

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