Sparc Technologies Narrows FY25 Loss to A$2.28M, Raises A$3.2M, Launches Pilot Plant
Sparc Technologies reported a narrower FY25 loss alongside progress in green hydrogen and graphene additive projects, supported by government grants and a successful capital raise.
- FY25 loss reduced to A$2.28 million from A$4.27 million in FY24
- Revenues increased to A$2.24 million
- Pilot plant for photocatalytic green hydrogen technology constructed and inaugurated
- A$2.75 million government grant awarded for pilot plant operation and commercialisation
- A$3.2 million capital raised via placement and share purchase plan
Financial Performance and Strategic Progress
Sparc Technologies Limited has reported a significant reduction in its net loss for the financial year ended 30 June 2025, posting a loss of A$2.28 million compared to A$4.27 million the previous year. This improvement comes amid growing revenues of A$2.24 million, reflecting early commercial traction and government incentives.
The company continues to invest heavily in its core technologies, green hydrogen and graphene-based additives, which are positioned to address sustainability challenges in industrial sectors. Despite ongoing losses and negative operating cash flows, Sparc maintains a going concern basis, supported by a strong cash position and recent capital raising efforts.
Green Hydrogen Pilot Plant Milestone
A key highlight for FY25 was the rapid construction and commissioning of a first-of-its-kind pilot plant at the University of Adelaide’s Roseworthy campus. This facility will validate Sparc Hydrogen’s innovative photocatalytic water splitting technology, which produces green hydrogen using sunlight and water without the need for electrolysers or extensive electrical infrastructure.
The pilot plant’s opening ceremony in June 2025 attracted senior stakeholders from joint venture partners Fortescue Ltd, the University of Adelaide, the South Australian Government, and international collaborators such as Japan’s Shinshu University. The technology’s ability to co-produce green heat alongside hydrogen could accelerate its commercial adoption, particularly for industrial users seeking alternatives to natural gas.
Government Support and Intellectual Property
Shortly after the financial year ended, Sparc Hydrogen secured a A$2.75 million Australian Economic Accelerator Innovate grant to support pilot plant operations, research and development, and commercialisation activities over two years. This grant requires no additional monetary contributions from joint venture partners, underscoring external confidence in the technology’s potential.
Additionally, Sparc received its first international patent grant in Morocco for its solar reactor design, with 17 other jurisdictions pending. The company is also strengthening partnerships with concentrated solar equipment providers and photocatalyst developers globally.
Graphene Additives Gain Commercial Momentum
On the graphene front, Sparc’s flagship additive ecosparc® has demonstrated promising results in field trials at multiple sites, including collaborations with major industry players such as Santos, 29Metals, and BHP Mitsubishi Alliance. These trials confirm ecosparc®’s ability to significantly enhance corrosion protection in harsh environments.
Engagement with five of the world’s largest protective coatings manufacturers has intensified, with multiple lab and field testing programs underway. Sparc’s ISO certifications and manufacturing capabilities position it well for commercial adoption of ecosparc®-enhanced products in FY26. The addressable market for these graphene-enhanced coatings is estimated at around US$1 billion.
Corporate Developments and Leadership
FY25 also saw important leadership changes, with Simon Kidston appointed Non-Executive Chairman following Stephen Hunt’s retirement. Kidston brings over 30 years of experience in sustainable energy and finance, including leading Genex Power Limited through a billion-dollar acquisition.
The company completed a A$3.2 million capital raise through a placement and an oversubscribed Share Purchase Plan, providing financial runway to advance commercial milestones while maintaining disciplined cost management.
Looking Ahead
With pilot plant operations set to ramp up and graphene products nearing commercialisation, Sparc Technologies is poised to leverage its innovative technology portfolio amid a growing global focus on sustainability. However, the company continues to face the challenges typical of pre-revenue businesses, including market volatility and the need for ongoing capital support.
Bottom Line?
Sparc Technologies’ FY25 progress sets the stage for potential commercial breakthroughs, but investors should watch closely for pilot plant outcomes and market adoption of graphene products.
Questions in the middle?
- When will the Roseworthy pilot plant achieve consistent operational performance and scalability?
- How soon can ecosparc® secure commercial contracts with major coatings manufacturers?
- What are Sparc’s plans for managing capital needs amid ongoing losses and market uncertainties?
