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Eden Innovations Ltd (ASX:EDE)

ALERT: Price-sensitive ASX Announcement for EDE
Current share price for EDE : $0.100 0.049 (96.08%)+
Announcement
Release
6 Nov 2025 10:45AM
Price at Release
$0.051
Full Release
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Summary
Eden Innovations Ltd announced the completion of the sale of their Georgia property on 5 November 2025 for US$5 million (AUD$7.6 million), which was purchased in 2018 for US$1.2 million (AUD$1.8 million). The net funds from the sale were used to repay US$4 million (AUD$6.1 million) of a current loan, reducing the loan by 69%, with the remaining balance supplementing working capital. Eden has significantly reduced its total debts from AUD$16.8 million to AUD$5.2 million, primarily by repaying loans through share-for-debt conversions. The company expects a positive financial outlook due to strengthened balance sheets and growing product sales.
Key Points
  • Settlement of the Georgia property sale completed on 5 November 2025.
  • Sale price of Georgia property was US$5 million (AUD$7.6 million).
  • Property purchased in 2018 for US$1.2 million (AUD$1.8 million).
  • Proceeds from the sale used to repay US$4 million (AUD$6.1 million) of a loan.
  • Remaining funds from the sale added to working capital.
  • Financial restructuring reduced total debts by AUD$11.6 million.
  • Share-for-debt conversions used to repay part of the debts.
  • Company's debt reduced to AUD$5.2 million.
  • Eden expects improved financial outlook with increased product sales.
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.