02
June 2025
Renergen’s FY25 results for the period ending 28 February 2025
Vaughan Henkel
Head of Securities Solutions, PSG Wealth
- In this report, we review Renergen’s FY25 results for the period ending 28 February 2025, released on 19 May 2025, as well as the offer by ASP Isotopes Inc to purchase all the outstanding shares of Renergen. Financials: Revenue improved by 80%, from R29 million in FY24 to R52.1 million in FY25. The increase was driven by improved production and higher LNG prices. Cost of sales rose by R61.3 million to R80.2 million, mainly due the following:
- Depreciation increased by R32.7 million.
- Fuel and lubrication costs rose by R9.7 million, due to a larger asset base leading to increased machine hours.
- Utility costs increased by R14.7 million, impacted by increased machine hours and the commissioning of the LHe production plant.