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Renergen’s LNG Revenue Surges 80% Amid Rising Losses and Helium Launch
5:31am on Monday 2nd of June, 2025 AEST
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Energy
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Renergen’s LNG Revenue Surges 80% Amid Rising Losses and Helium Launch
5:31am on Monday 2nd of June, 2025 AEST
Key Points
Revenue up 79.7% to R52.1 million driven by LNG volume and price growth
Loss after tax widened 124% to R246.9 million due to helium commissioning costs and asset depreciation
First commercial liquid helium sales commenced post-reporting period
Loan defaults with waivers granted; net current liabilities exceed assets by R998.8 million
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