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De.mem Limited (ASX:DEM)

ALERT: Price-sensitive ASX Announcement for DEM
Current share price for DEM : $0.105 0.009 (9.37%)+
Announcement
Release
17 Oct 2025 9:58AM
Price at Release
$0.096
Full Release
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Summary
De.mem Limited announced the acquisition of Core Chemicals, a Western Australian specialty chemicals supplier to gold mining clients, for approximately $3 million. This strategic move is aimed at enhancing De.mem's exposure to the surging gold mining sector. Core Chemicals, established in 2022, serves 18 clients and generates significant revenue, which complements De.mem's operations. The acquisition offers substantial cross-selling opportunities, potential customer growth, and geographic expansion. The combined pro-forma EBITDA is projected to be $1.6 million for the year ending 30 June 2025. The transaction is set against a backdrop of a rising gold market, with forecasts indicating continued sector strength.
Key Points
  • De.mem Limited acquired Core Chemicals to increase exposure to the gold mining sector.
  • Core Chemicals serves 18 gold mining clients in Western Australia, generating $4 million in revenue.
  • The acquisition provides significant cross-selling opportunities and customer growth potential.
  • De.mem aims to expand Core Chemicals' services beyond Western Australia to other regions.
  • Pro-forma EBITDA for the combined entity is approximately $1.6 million for the year ending 30 June 2025.
  • The acquisition was valued at approximately $3 million.
  • The gold sector is experiencing a strong bull market, with forecasts predicting continued growth.
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.