NoviqTech Posts $1.63M Half-Year Loss, Raises $1M+, Launches Quantum Subsidiary

Financial Overview and Operational Context

NoviqTech Limited (ASX – NVQ), a technology company focused on carbon reporting and blockchain-enabled sustainability solutions, has released its half-year results for the period ending 30 June 2025. The company reported a net loss of $1.63 million, widening from $1.29 million in the prior corresponding period, despite a modest revenue increase to $1,100. This loss reflects ongoing investment in technology development and strategic partnerships aimed at positioning NoviqTech as a leader in environmental, social, and governance (ESG) markets.

While the revenue remains low, the doubling from the previous period signals early traction in commercialising its Carbon Central platform, which underpins many of its blockchain tokenisation initiatives.

Strategic Partnerships and Market Expansion

During the half-year, NoviqTech achieved several significant milestones. The onboarding of Global Resource Recovery (GRR) onto its Carbon Central platform marked a key operational highlight, enabling tokenisation of recycled materials such as amines and glycol with blockchain-backed proof of sustainability. This initiative not only enhances transparency for GRR’s clients, including major LNG operators, but also generates new fee-based revenue streams for NoviqTech.

The company further expanded its ESG footprint through strategic alliances with Evercity, a global carbon market innovator, and H2i Group, which integrates hydrogen enhancement technology to reduce diesel emissions. Partnerships with Livium and HYDI extend NoviqTech’s reach into battery recycling and hydrogen-on-demand systems, respectively, showcasing a diversified approach to sustainability solutions across industrial sectors.

Technology Innovation and Capital Raising

NoviqTech’s commitment to innovation is underscored by the launch of Quantum Intelligence Pty Ltd, a wholly owned subsidiary delivering a hybrid quantum-classical computing platform. This new venture integrates quantum computing, AI, and blockchain to enhance enterprise performance and security, with initial products entering beta testing in late 2025. This move signals NoviqTech’s ambition to extend its technology leadership beyond sustainability into broader operational intelligence applications.

Supporting these initiatives, the company completed a $1.056 million capital raising in July 2025, issuing over 29 million shares with free attaching options. This funding is earmarked for business development, sales expansion, and working capital, reinforcing the company’s growth trajectory despite its current net liability position.

Financial Position and Going Concern Considerations

As at 30 June 2025, NoviqTech reported net liabilities of $570,231 and a working capital deficit, with cash outflows from operations totaling $1.34 million. The directors acknowledge a material uncertainty regarding the company’s ability to continue as a going concern but remain confident based on ongoing capital support from major shareholders, including Copeak Pty Ltd, and anticipated revenue from new partnerships.

The company’s extended collaboration with the Hedera Foundation, including a milestone-based grant of up to US$735,000, further supports platform adoption and scalability. These financial and operational supports are critical as NoviqTech navigates the challenges of commercialising cutting-edge sustainability technologies.

Outlook and Market Positioning

NoviqTech’s half-year report reflects a company in active transition, investing heavily in technology and partnerships to capture emerging opportunities in carbon markets and ESG compliance. Its blockchain-based tokenisation solutions and new quantum computing capabilities position it well to meet growing demand for transparency, traceability, and efficiency in sustainability reporting.

While financial losses persist, the company’s strategic moves and capital raises suggest a deliberate growth strategy aimed at long-term value creation in a rapidly evolving sector.