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RLF AgTech Ltd (ASX:RLF)

ALERT: Price-sensitive ASX Announcement for RLF
Current share price for RLF : $0.036 -0.006 (-14.29%)+
Announcement
Release
28 Feb 2025 2:03PM
Price at Release
$0.042
Full Release
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Summary
RLF AgTech Ltd reported a notable increase in sales and operational performance for the half-year ending 31 December 2024, achieving sales revenue of $13.6 million, a 249% increase from the previous year, largely attributable to the newly acquired LiquaForce business. The company recorded a profit before tax of $0.31 million, although this included a significant debt reduction which, if excluded, would have resulted in a loss. The company is optimistic about its future, having secured distribution rights in Australia and successfully raised capital to support its operations.
Key Points
  • Sales revenue increased by 249% to $13.6 million.
  • Profit before tax was $0.31 million, primarily due to $1.47 million in other income from debt reduction.
  • LiquaForce contributed $10.2 million in revenue but had lower gross margins.
  • Net cash from operating activities rose by 359% to $2.18 million.
  • RLF regained Australian distribution rights and signed a deal with National Rural Independent Ltd.
  • The company plans to leverage existing agricultural retail networks for rapid market expansion.
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.