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Cryosite Limited (ASX:CTE)

ALERT: Price-sensitive ASX Announcement for CTE
Current share price for CTE : $1.250 0.415 (49.70%)+
Announcement
Release
1 Oct 2025 11:14AM
Price at Release
$0.835
Full Release
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Summary
Cryosite Limited announced the acquisition of a strategic warehouse facility located at 100 Adderley Street West, Auburn, NSW. This acquisition is a pivotal part of Cryosite’s growth strategy, addressing capacity constraints at their existing facility and supporting the increasing demand for storage of investigational therapies and biologicals in Australia. The property is advantageous due to its location near key logistics corridors and its suitability for Cryosite’s storage model. Financially, the acquisition is cost-effective, as it is expected to be cheaper than leasing similar facilities. The purchase, to be funded by cash reserves and a new debt facility, also aims at long-term shareholder value by expanding operational capabilities and introducing new revenue streams. The settlement is expected in late-November 2025.
Key Points
  • Cryosite Limited acquires strategic warehouse facility in Auburn, NSW.
  • Facility acquisition is critical for addressing capacity constraints.
  • Property enhances operational resilience and supports strategic growth.
  • New site enhances storage capacity by over 100%.
  • Facility located near major logistics corridors, beneficial for operations.
  • Acquisition funded by cash reserves and new debt facility.
  • Acquisition price is below market valuation, indicating asset value.
  • Settlement expected in late-November 2025.
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.