Aquirian Limited (ASX:AQN)

ALERT: Price-sensitive ASX Announcement for AQN

Current share price for AQN : $0.435 0.085 (24.29%)⁺

Announcement

Business Activities Update

Release

30 Sep 2025 8:16AM

Price at Release

$0.350

Full Release

Summary

Aquirian Limited, trading as AQN on the ASX, announced a business activities update outlining a notable increase in revenue and strategic advancements across its operations. The company achieved a 16.7% revenue increase, reaching $8.4 million. Key developments include the approval of a Wubin emulsion upgrade licence, securing a down-hole service contract for Western Energetics, and ongoing strategic evaluations to maximize the Wubin facility's potential. Further, the company appointed Mark De Castro as General Manager – Commercial to lead its energetics and technology strategy with a focus on Latin America. In technology, the Automated Collar Keeper® System is now ready for trials, and design enhancements for the system are underway due to growing demand. Additionally, the company reports steady demand for its Maglok® energetics storage solutions, emphasizing ongoing success in both mining and defense sectors.

Key Points

Aquirian Limited reported a revenue of $8.4 million, up 16.7% from the previous period.
The Wubin emulsion upgrade licence was approved, and a development application is in progress.
Western Energetics was awarded its first short-term full down-hole service from Wubin.
A 90-day strategic review of Wubin's full potential is on track.
Mark De Castro was appointed as the General Manager – Commercial, effective November 2025.
The production version of the Automated Collar Keeper® System is completed and ready for trials.
Design work is underway for an upgraded 203mm diameter Collar Keeper® System.
Demand for energetics storage through Maglok® manufacturing remains steady.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.