How Simble Solutions Is Powering Growth with New Partnerships and Renewable Energy

Financial Performance and Capital Position

Simble Solutions Limited (ASX:SIS) has delivered a solid start to FY25, reporting a 39% increase in cash receipts from customers to $555,000 for the March quarter. This growth aligns with seasonal software renewals and reflects ongoing demand for its energy and sustainability platforms. Meanwhile, the company has successfully reduced net cash used in operating activities by 62% to $172,000, signaling improved operational efficiency.

Supporting its cash position, Simble completed a modest equity raise of $280,000 at a significant 75% premium to its closing share price, bolstering cash reserves to $428,000. This provides approximately 2.5 quarters of funding runway, a critical buffer as the company invests in growth initiatives.

Strategic Partnerships Drive Platform Expansion

Simble’s CarbonView app is set for integration with MYOB Acumatica, a cloud-based ERP solution, enabling seamless carbon emissions reporting for businesses directly within their financial systems. This integration enhances Simble’s value proposition by embedding sustainability insights into everyday business processes.

Further expanding its smart metering footprint, Simble signed a Memorandum of Understanding with Aquarsolium to integrate advanced smart water metering solutions with its IoT platform, SimbleSense. This collaboration, supported by the University of Sydney’s IoT research team, aims to deliver AI-powered leak detection and intelligent water management, reinforcing Simble’s leadership in smart infrastructure.

In the UK and Ireland, Simble partnered with The Noledge Group to deliver its energy and carbon management platforms to Sage and NetSuite customers. This partnership opens new channels in key ERP ecosystems, targeting sectors from manufacturing to retail, and underscores Simble’s international growth ambitions.

Renewable Energy Development Initiatives

Simble is advancing its renewable energy development strategy with several projects underway. The company is finalizing a strategic cooperation and lease agreement for the Gladstone Green Industry Park on Curtis Island, a large-scale clean energy precinct aligned with Australia’s net zero goals. This site will support solar, hydrogen, storage, and advanced manufacturing infrastructure.

Complementing this, Simble will soon commence a Proof of Concept project at an alternate Gladstone site to validate key clean energy technologies. Additionally, consulting engagements for two NSW-based solar and battery farms are expected to generate incremental revenue, signaling early commercial traction in this division.

Investor Engagement and Outlook

To enhance transparency and shareholder communication, Simble launched a new interactive Investor Hub, allowing investors to engage directly with management and access timely company updates. CEO Fadi Geha emphasized the company’s commitment to leveraging this platform to build stronger investor relationships.

While the company’s cash position and operational improvements are encouraging, the timeline for material revenue from renewable energy projects remains uncertain. Investors will be watching closely for progress updates and commercial milestones in the coming quarters.