Green360 Reports $3M Cash, 500+ Tonnes Metakaolin, and $4M Placement

Financial Strength Supports Commercialisation Drive

Green360 Technologies Limited (ASX – GT3) closed the September quarter with a robust cash balance of $3.0 million, bolstered by a $4 million capital raise aimed at accelerating the commercialisation of its proprietary low-carbon cement technology. An additional $0.768 million was received post-quarter following shareholder approval, further strengthening the company’s financial runway. The submission of its FY25 Research and Development tax incentive application anticipates a refund of approximately $0.441 million, expected in the December quarter, underscoring ongoing investment in innovation.

Production Milestones Signal Progress in Low-Carbon Cement

Operationally, Green360 achieved significant progress by producing over 500 tonnes of metakaolin, a key supplementary cementitious material that reduces reliance on traditional Portland cement, a major source of global CO₂ emissions. The company’s metakaolin has been independently verified to rank at the upper end of quality benchmarks, positioning Green360 competitively within the growing low-carbon construction materials market.

Highlighting its technological advancements, Green360 successfully manufactured a noise wall panel using its first proprietary low-carbon cement blend, which incorporates a 35% industrial by-product replacement for Portland cement. The panel achieved a 28-day compressive strength of 64MPa, well above the 40MPa design target, and was demoulded within 24 hours, demonstrating readiness for commercial-scale production. This milestone was witnessed by major civil contractors, signaling strong industry interest.

Strategic Board Appointment and Leadership Transition

The company enhanced its governance with the appointment of Darren Hedley as Non-Executive Director. Mr. Hedley, CEO of Permacast, the largest precast concrete manufacturer in Western Australia and Green360’s joint venture partner, brings over 35 years of executive experience and expertise in concrete manufacturing and sustainability. His addition aligns closely with Green360’s low-carbon cement strategy and commercial ambitions.

In a notable leadership change, CEO Bojan Bogunovic resigned effective 31 October 2025 to pursue new ventures. Executive Chairman Aaron Banks will assume responsibility for day-to-day operations, ensuring continuity as the company navigates its next phase of commercial validation and market expansion.

Operational and Market Outlook

Green360’s quarterly receipts from customers reached $3.86 million, primarily from kaolin sales, while production costs totaled $4.2 million. The higher expenditure reflects strategic inventory build-up to meet customer demand and increased production of metakaolin feedstock. The company’s multiple mining tenements across Victoria and Western Australia underpin its raw material supply, supporting its ambition to become a leading Australian producer of kaolin-based low-carbon materials.

Looking ahead, Green360 is focused on expanding offtake agreements and scaling its pilot programs, leveraging its cost-efficient kaolin sourcing and proprietary cement blends to capture market share in the rapidly evolving low-carbon construction sector.