InvestSMART

Livium Ltd (ASX:LIT)

ALERT: Price-sensitive ASX Announcement for LIT
Current share price for LIT : $0.007 -0.001 (-7.14%)+
Announcement
Release
18 Sep 2026 8:47AM
Price at Release
$0.007
Full Release
download
Summary
Livium Ltd announced that all five claims arising from the 19 January 2019 fire at Envirostream Australia Pty Ltd’s former Campbellfield premises have now been settled by Envirostream’s insurer for a total of approximately A$5.465 million, including a further claim settlement of about A$3.700 million in addition to previously advised settlements of about A$1.765 million, with the insurer confirming it is not aware of any active legal proceedings remaining in relation to the fire; Livium also reassessed a separate historical matter and concluded no provision is required because an outflow is no longer probable, and because all claims are indemnified by insurance, there is no cash outflow for Livium. For FY26, the provision at 30 June 2026 was revised to A$5.465 million from A$5.362 million disclosed in the unaudited Appendix 4E, creating an additional non-cash remediation expense of A$0.103 million before tax, while in FY27, because the five claims were settled after year end, the full revised provision will be released, producing a non-cash benefit of A$5.465 million before tax for the year ending 30 June 2027; as at the announcement date, the fire-related provision had been reduced to nil.
Key Points
  • Livium said all five claims from the 19 January 2019 Envirostream fire have been settled.
  • Total settlements across the five claims were approximately A$5.465 million.
  • A further claim of about A$3.700 million was settled in addition to previously advised settlements of about A$1.765 million.
  • Envirostream’s insurer confirmed it is not aware of any active legal proceedings remaining in relation to the fire.
  • All claims are indemnified by Envirostream’s insurer, so there is no settlement cash outflow for Livium.
  • A separate historical matter was reassessed and no provision is now required because an outflow is no longer probable.
  • The FY26 provision at 30 June 2026 was revised to A$5.465 million from A$5.362 million.
  • The revised FY26 provision results in an additional non-cash remediation expense of A$0.103 million before tax.
  • Because the claims were settled after year end, the full A$5.465 million provision will be released in FY27.
  • The FY27 release of the provision will create a non-cash benefit of A$5.465 million before tax for the year ending 30 June 2027.
  • As at 18 September 2026, the fire-related provision was nil.
  • Livium stated it was finalising its audited Annual Report for release before the end of September 2026.
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.