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Harvest Technology Group Ltd (ASX:HTG)

ALERT: Price-sensitive ASX Announcement for HTG
Current share price for HTG : $0.011 -0.008 (-42.11%)+
Announcement
Release
29 Oct 2025 10:52AM
Price at Release
$0.019
Full Release
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Summary
Harvest Technology Group Ltd (HTG) released its quarterly activities report and Appendix 4C cash flow report for the quarter ended 30 September 2025. The company secured new customers and expanded into new market sectors such as mining, defense, and border control. Key developments included a successful pilot of the Nodestream product by a major APAC marine client, expansion of the Uncrewed Surface Vessel Border Control fleet in the Middle East, and new prototype designs for a defense partner. Financially, the company reported a cash balance of $1.172 million with a net cash inflow of $449,000 for the quarter. Cash inflows included $2.1 million from debt and convertible notes, while major expenses involved research and development, staff, and corporate costs. HTG also executed a settlement agreement related to a previous vessel charter, resulting in a payment to the company. The company continues to focus on scaling its remote and autonomous operations and improving its market presence.
Key Points
  • Secured new customer in the mineral exploration drilling sector.
  • Expanded Uncrewed Surface Vessel Border Control fleet in the Middle East.
  • Received advance payment for defense prototypes.
  • Onboarded John Condo as Enterprise Business Development Executive.
  • Major APAC Marine Services client ordered Nodestream for more vessels.
  • Net cash inflow of $449k; cash balance of $1.172m as of 30 September 2025.
  • Raised $2.13m through debt and convertible notes.
  • Settlement agreement executed for Vos Shine vessel.
  • Focus on scaling remote and autonomous operations.
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.