LGI Limited (ASX:LGI) Announces FY25 Results
Financial Performance
LGI Limited reported net revenues of $33.9 million for FY25, reflecting a 10% increase compared to FY24. Statutory and underlying EBITDA rose by 14% to $17.4 million, within the previously guided range. Revenue growth was driven by electricity and Australian Carbon Credit Unit (ACCU) revenues, which collectively contributed approximately 83% of FY25 revenues.
Operational Highlights
The Group achieved new high-water marks across key metrics, with gas flow increasing by 11% to 127.7 million cubic meters, electricity generation up by 13% to 109 GWh, and ACCUs rising by 14% to 493,000. LGI also expanded its electricity generating capacity by 43%, commissioning the Canberra (Mugga Lane) upgrade and a new facility in Sydney (Eastern Creek) on time and within budget.
New Agreements
LGI entered into an agreement with Waste Asset Management Corporation (WAMC) NSW to build, own, and operate a 12MW / 24MWh grid-connected battery. Additionally, the Company extended its contract with Shoalhaven City Council (Nowra) by 25 years upon commissioning a power station. During FY25, LGI signed six new contracts, increasing the total number of contracted sites to 34.
Executive Comments
Chief Executive Officer Jarryd Doran stated, “By all measures, FY25 has been a solid year.” He added, “Operationally, all key metrics have improved for LGI from biogas recovery, megawatt hours of electricity and generated ACCUs, while maintaining a safe workplace and supporting the environment.”
Future Outlook
LGI’s FY26 priorities include continuing health and safety focus, delivering key near-term battery projects, expanding BESS and power stations on contracted sites, and pursuing new landfill gas management opportunities. The Company expects underlying EBITDA to grow by 25% to 30% versus FY25, subject to market dynamics and project timing.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended LGI Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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