1414 Degrees’ Loss Widens 33% to $3.34M as Equity Hits $36.85M
1414 Degrees Ltd reported a widened net loss of $3.34 million for FY25 while advancing its thermal energy storage and hydrogen reactor technologies, supported by fresh equity and government grants.
- Net loss increased 33% to $3.34 million for FY25
- No dividends declared or paid during the year
- Equity capital raised to $36.85 million
- Significant losses from 50% joint venture SiliconAurora
- Advancement of SiBox and SiPHyR technologies with government and Woodside funding
Financial Performance and Capital Position
1414 Degrees Ltd has released its preliminary final report for the year ended 30 June 2025, revealing a net loss after tax of $3.34 million, up from $2.51 million the previous year. Despite the widening loss, the company managed a slight increase in cash and cash equivalents to $1.8 million and successfully raised additional equity capital, boosting contributed equity to $36.85 million. No dividends were declared or paid, reflecting the company’s focus on reinvestment and growth.
Joint Venture Challenges and Opportunities
The company’s 50% joint venture, SiliconAurora Pty Ltd, also reported increased losses, with 1414 Degrees’ share of the loss rising to $830,428 from $342,571. SiliconAurora is developing the Aurora Energy Project, a 140 MW battery energy storage system, with both partners equally sharing development costs. The deferred payment from the sale of SiliconAurora shares remains outstanding, contingent on regulatory milestones, adding an element of uncertainty to the company’s near-term cash flow.
Technology Development and Funding Support
1414 Degrees continues to invest heavily in its core technologies, including the SiBox thermal energy storage system and the SiPHyR hydrogen reactor. The SiBox demonstration model completed a 12-month testing phase and is now positioned for commercialisation. The company’s intangible assets related to these technologies stand at $449,562, supported by government grants and a $2.5 million contribution from Woodside Energy Technologies. Post-reporting period, SiPHyR technology secured a $492,526 grant for catalyst development, further validating the company’s innovation pipeline.
Going Concern and Outlook
The report highlights a material uncertainty regarding the company’s ability to continue as a going concern, given ongoing losses and reliance on future capital raising or cash inflows. Management remains focused on advancing commercial milestones and managing liquidity risks through careful cash flow monitoring. The company’s strategic partnerships and government funding provide a foundation for potential growth, but investors should remain mindful of the inherent risks in early-stage energy technology ventures.
Bottom Line?
1414 Degrees faces a pivotal year ahead as it balances ongoing losses with promising technology advances and funding support.
Questions in the middle?
- When will SiliconAurora secure the regulatory approval needed to trigger the deferred payment?
- What are the commercialisation timelines and revenue prospects for SiBox and SiPHyR technologies?
- How will 1414 Degrees manage its going concern risks amid continued losses and capital needs?