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Timah Resources Ltd ( (AU:TML) ) has issued an announcement.
Timah Resources Limited reported a 13% decline in revenue for the first half of FY2025, primarily due to reduced renewable energy sales. Despite a significant improvement in power conversion efficiency at its Biogas Power Plant, the company faced operational setbacks due to a flashover incident, which led to a 42% drop in power exports in Q2 FY2025. The company is addressing these challenges by enhancing its protection systems and inventory of spare parts to prevent future incidents. While the plant’s operations are expected to resume by the end of August 2025, the company remains cautious about its financial outlook and dividend declarations, focusing on long-term sustainability and shareholder value.
More about Timah Resources Ltd
Timah Resources Limited operates in the renewable energy sector, primarily focusing on the production of biogas power. The company leverages Palm Oil Mill Effluent (POME) to generate electricity, emphasizing efficiency and innovation in its operations.
Average Trading Volume: 1,398
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.75M
For detailed information about TML stock, go to TipRanks’ Stock Analysis page.