Technology leader in providing turnkey, intelligent manufacturing automation solutions, Genetec Technology Berhad (“Genetec” or the “Company”), today announced its financial results for the year ended 30 June 2025 (“FY2025”). The Company reported a gross profit of RM12.7 million for FY2025, supported by continued deliveries in the e-mobility and energy storage segments. The Company recorded a loss after tax (LAT), mainly reflecting higher logistics costs and non-operational, one-off expenses, while underlying fundamentals remain intact.
Performance was affected by logistics constrains and one-off costs. Despite this, the Company continued to invest in strengthening its capabilities and supporting future project scopes. Profitability is expected to normalise in FY2026 as markets stabilise and as projects are executed effectively. Genetec is also reinforcing its organisation by bringing in experienced professionals into strategic roles, aimed at broadening capabilities and supporting its long-term diversification strategy.
Healthy Orderbook through Diversified Markets
The Company’s order and tender books remain intact and healthy, underpinned by recurring orders from existing clients as well as new opportunities from a more diversified client base across multiple industries and regions.
Deepening Engagement with Existing Clients
Alongside diversification, Genetec continues to strengthen partnerships with its existing clients. Recurring orders and new programme awards reflect the trust and confidence these clients place in Genetec’s execution capabilities and proven track record.
Global Manufacturing Trends Creating Tailwinds
Global geopolitical shifts are leading manufacturers across industries to re-evaluate their production footprints and enhance operational resilience. This trend is fuelling greater demand for automation solutions that are flexible, cost-competitive, and consistently high in quality. With its Malaysia-based production model, strong international track record, deep technical know-how, and agile manufacturing capabilities, Genetec is well-positioned to support clients as they navigate and adapt to these evolving requirements.
Positive Outlook for BESS Pipelines
The Battery Energy Storage System (BESS) segment continues to gain momentum, with Genetec executing projects across domestic and international markets, and seeing growing local interest in BESS solutions for peak shaving following the recent tariff revision.
Chief Executive Officer and Co-founder of Genetec, Chin Kem Weng commented, “FY2025 was a year of investment and transition. We made deliberate strategic choices to strengthen our foundation, safeguard delivery timelines, and support new project scopes. While these factors impacted margins in the short term, they reinforce our capabilities and credibility as a trusted partner. We expect profitability to normalise as market stabilise and as we build on execution experience.”
“At the same time, our pipelines remain healthy, supported by recurring orders from existing clients and new opportunities across diversified industries and regions. Our inclusion in both the conventional and Shariah FTSE4Good Bursa Malaysia indices reflects the strength of our governance and sustainability practices. As Genetec approaches our 30th year in business, we remain committed to creating long-term value for clients, shareholders, and stakeholders.”
About Genetec Technology Berhad
Genetec Technology Berhad is a public listed company on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104) and a global leader in providing customised, turnkey smart factory automation solutions. With a strong international footprint, it serves a diverse range of industries including electric vehicle (EV), e-mobility and energy storage, automotive, hard disk drives (HDD), consumer electronics, appliances, and pharmaceuticals.
– Net Profit Attributable to Shareholders Surges 47.63% to RMB1.278 billion – with Significant Profit Growth in Energy-Related Businesses
Financial Highlights
RMB million
For the 6 months ended 30 June
2025
2024
Change
Revenue
76,090
79,115
(3.82%)
Operating Profit
2,817
2,115
33.15%
Profit Before Income Tax
2,798
2,216
26.27%
Gross Proft
9,643
8,486
13.63%
Gross Profit Margin
12.67%
10.73%
1.94%
Net Profit
1,764
1,395
26.45%
Net profit attributable to shareholders and other equity holders of the Company
1,278
866
47.63%
Net profit attributable to shareholders and other equity holders of the Company after deducting non- recurring profit or loss
1,240
820
51.18%
Net cash flows from operating activities
7,154
(1,447)
594.46%
Results Highlights
01. Energy-related businesses significantly improved profitability, with combined net profit increasing by RMB724 million year-on-year (“YoY”): The offshore engineering segment and the finance and asset management segment (primarily drilling rig leasing) together improved by approximately RMB506 million, and the energy, chemical & liquid food equipment segment improved by RMB218 million. Specifically, the gross profit margin of the offshore engineering segment increased by 5.85 percentage points YoY to 10.84% in 1H 2025, with net profit reaching RMB281 million and a net profit margin of approximately 3.5%. The total order backlog amounted to approximately RMB70 billion, covering periods up to 2027/2028.
02. Logistics-related business portfolio mitigated cycles and achieved steady growth: Container manufacturing and sales remained within the prosperous zone, benefiting from the resilience of global trade and the increased penetration of domestic multimodal transport. Sales of new standard dry containers reached 1,125,900 TEUs and refrigerated container sales doubled to 92,000 TEUs. Container manufacturing, airport facilities, and logistics services achieved growth, while the road transportation vehicles business declined. The combined net profit increased by approximately RMB76 million.
03. Significant optimization of interest expenses: The interest-bearing debt balance at mid-year was RMB41.2 billion, a decrease of RMB5.1 billion compared to the same period last year. Benefiting from the active replacement of high-interest floating-rate US dollar bonds in 2024, net interest expenses for 1H 2025 decreased by approximately RMB310 million YoY.
04. Significant improvement in cash flow: Net cash flows from operating activities increased significantly by 594.46% YoY. As of June 2025, net cash flows from operating activities were RMB7.154 billion.
HONG KONG, Aug 27, 2025 – (ACN Newswire) – China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited interim results for the six months ended 30 June, 2025 (the “Reporting Period”).
The management of CIMC Group stated: “In 1H 2025, facing impacts such as slowing global economic growth and tariffs, global goods trade demonstrated certain resilience. Benefiting from the diversified business portfolio structure of logistics equipment and services, the enhanced profitability of previously cultivated high-end energy manufacturing businesses, and the continuously optimized debt structure, while the Group, through its continuously consolidated global operation platform foundation during the Reporting Period, smoothed out fluctuations in single regions and achieved stable and quality development. In the first half, the Group achieved revenue of RMB76.1 billion, a decrease of 3.82% YoY; the gross profit margin increased by 1.94% YoY to 12.67%; and net profit attributable to shareholders was approximately RMB1.28 billion, an increase of 47.63%. During the Reporting Period, the Group maintained its global leading position in the production of standard dry containers, refrigerated containers, and special-purpose containers. Revenue from road transportation vehicles, energy/chemical/liquid food equipment, logistics services, and offshore engineering businesses also grew steadily, maintaining overall operational stability. The Group’s domestic revenue accounted for approximately 51%, and overseas revenue accounted for approximately 49%, maintaining a sound market landscape.”
Segments Results (RMB million)
1H2025 Business indicators
Revenue
As % of the total revenue
Gross profit
As % of the gross profit
Gross profit margin
Net profit
Container manufacturing
21,735
28.57%
3,510
36.40%
16.15%
1,444
Road transportation vehicles
9,753
12.82%
1,464
15.19%
15.01%
408
Energy, chemical, and liquid food equipment
13,009
17.10%
1,967
20.40%
15.12%
460
Offshore Engineering
8,014
10.53%
869
9.01%
10.84%
281
Airport Facilities and Logistics Equipment, Fire Safety and Rescue Equipment
3,120
4.10%
642
6.65%
20.56%
80
Logistics services
13,579
17.85%
811
8.41%
5.97%
202
The above major segments
69,209
91.0%
9,263
96.06%
13.38%
2,875
Core Business Performance
I. In the Logistics Field
Container Manufacturing Business: During the Reporting Period, China’s container supply chain prosperity index remained within the prosperous zone, highlighting the resilience of global goods trade. According to the United Nations Conference on Trade and Development (UNCTAD), global trade volume is estimated to expand by US$300 billion year-on-year in the first half of 2025, with US$230 billion contributed by growth in goods trade. Meanwhile, long-term factors such as Red Sea detours, congestion at Eurasian ports, and stricter regulations on shipping carbon emissions reduced container shipping efficiency, keeping container demand at conventional levels. During the Reporting Period, the Group’s sales volume of dry containers decreased by 18.57% year-on-year to 1,125,900 TEUs (same period last year: 1,382,700 TEUs), mainly affected by the high base in the same period last year; sales of refrigerated containers benefited from strong South American fruit exports and cold chain demand, surging by 105.82% year-on-year to 92,000 TEUs (same period last year: 44,700 TEUs). During the Reporting Period, revenue reached RMB21.735 billion, net profit was RMB1.444 billion, and the gross profit margin increased by 3.95 percentage points YoY to 16.15%.
Logistics Services Business: During the Reporting Period, the international trade environment was complex and volatile, and container shipping volume and freight rates fluctuated. However, the accelerated pace of Chinese companies going global drove growth in demand for comprehensive logistics, further highlighting the hub value of logistics service providers in the supply chain. Against this backdrop, the Group’s logistics services business firmly adhered to the development strategy of “high quality, high efficiency, and new momentum,” achieving overall operational stability by optimizing customer structure, innovating business models, strengthening risk management, and improving operational efficiency. During the Reporting Period, the Group’s logistics services business achieved revenue of RMB13.579 billion, a decrease of 3.62% YoY; net profit was RMB202 million, basically flat YoY. Meanwhile, the Group’s ocean shipping division continued to enrich its route offerings and further expanded its global agency network. Despite market fluctuations, it exceeded target cargo volumes on designated routes and was once again listed in the 2025 Top 50 Ocean Freight Forwarders chart issued by the global logistics industry authoritative magazine Transport Topic.
Road Transportation Vehicles Business: During the Reporting Period, CIMC Vehicles achieved revenue of RMB9.753 billion (same period last year: RMB10.700 billion), a decrease of 8.85% YoY; net profit was RMB408 million (same period last year: RMB574 million), a decrease of 28.89% YoY. Among these, the new energy heavy-duty truck market continued its explosive growth trend, and the semi-trailer industry in Global South markets showed a pattern of differentiated growth alongside transformation. In the domestic market, the “StarLink Project” and the “Rise-Up Project” achieved results, driving high-quality growth and development of the domestic business. During the Reporting Period, revenue, gross profit margin, and sales volume in China’s semi-trailer market increased by 11%, 2.4 percentage points, and 10% YoY, respectively. Its market share in China’s semi-trailer market rose to 23.07%, ranking first in China for the sixth consecutive year. In overseas markets, the semi-trailer business in the Global South continued its high-quality development trend, with the gross profit margin increasing by 4.6 percentage points YoY and sales volume increasing by 13.0% YOY, showing strong profitability growth. Efforts in the new energy sector continued, with sales volumes of EV-DTB dump trucks, mixer trucks, and refrigerated trucks increasing by 142.55%, 86.26%, and 69.8% YoY, respectively. The top-level architecture for the pure electric tractor and trailer product EV-RT 2.0 was completed.
Airport Facilities & Logistics Equipment / Fire Safety & Rescue Equipment Business: During the Reporting Period, primarily due to the release and settlement of high-quality orders from the previous period during the Reporting Period, the Company proactively optimized the delivery pace and successfully delivered projects such as boarding bridges for the new terminals at Xi’an Xianyang International Airport and Antalya Airport in Turkey ahead of schedule. Revenue for the Reporting Period was RMB3120 million (same period last year: RMB2403 million), an increase of 29.83% year-on-year; net profit was RMB80 million (same period last year: RMB 37 million), an increase of 119.57% YoY. During the Reporting Period, the intelligent unmanned docking system (the first batch in the world) was successfully put into operation at Lanzhou Airport, with all 86 boarding bridges at the airport achieving unmanned operation; the overseas Ziegler business saw significant improvements in bid-winning rates, on-time delivery rates, and cost management. CIMC TianDa provided automated delivery and sorting systems to customers in the e-commerce express delivery industry, while actively expanding into diversified niche areas such as pharmaceuticals and textiles. Leveraging the product advantage of cost reduction and efficiency improvement, new orders grew steadily.
II. In the Energy Industries Field
In the energy, chemical, and liquid food equipment business, this segment achieved revenue of RMB13.009 billion (same period last year: RMB12.121 billion), an increase of 7.32% YoY; net profit was RMB460 million (same period last year: RMB242 million), an increase of 90.26% YoY. Among these, CIMC Enric achieved revenue of RMB12.610 billion (same period last year: RMB11.480 billion), a YoY increase of 9.9%; net profit attributable to the Company was RMB560 million (same period last year: RMB490 million), a significant YoY increase of 15.6%; newly signed orders amounted to RMB10.740 billion, and the order backlog as of the end of June was RMB29.180 billion. Specifically, the clean energy segment’s revenue grew steadily; demand for LNG refueling stations, LNG tankers, and related equipment continued to increase; the Linggang-CIMC project was successfully constructed and delivered; in the offshore clean energy sector, 9 vessels were delivered, 7 newbuilds were signed, and multiple orders for LNG and methanol power packages were secured; in the hydrogen business, bids were won for several green hydrogen ammonia projects domestically and internationally, and multiple orders were delivered to European customers during the Reporting Period; the chemical and environment segment saw a slowdown in demand for tank containers, while the medical equipment components business grew steadily and the after-market business progressed; the liquid food segment’s net profit increased YoY; the new plant in Mexico was fully operational during the Reporting Period, and the first large-scale storage tank project was secured.
In the offshore engineering business, in 1H 2025, crude oil prices experienced significant volatility due to uncertainties in U.S. trade policies and geopolitical tensions stemming from the Iran-Israel and Russia-Ukraine conflicts. However, as existing oil fields gradually deplete, the demand for new oil and gas resources is becoming increasingly urgent. The economic value of deep-sea oil and gas development continues to grow, and offshore deep-sea oil and gas production continues to increase. In particular, large-scale floating production equipment, centered around FPSO/FLNG, remains in high demand. During the Reporting Period, the Group’s offshore engineering business recorded revenue of RMB8014 million (same period last year: RMB7784 million), a YoY increase of 2.95%; the gross profit margin increased by 5.85 percentage points YoY to 10.84%; net profit was RMB281 million (same period last year: net loss of RMB84 million), turning a loss into a profit YoY. Among these, the core operating entity, Yantai CIMC Raffles Marine Technology Group Co., Ltd., achieved a net profit of RMB525 million, and the net profit margin increased to 6.56%. As of the end of June, orders newly signed/won amounted to USD 106 million (same period last year: USD 1,790 million), primarily affected by delayed order finalizations. The cumulative order backlog was USD5,550 million. Among these, the proportion of oil and gas orders and non-oil and gas orders was approximately 7:3, effectively easing the periodic fluctuation of the oil and gas market.
In the offshore engineering asset operation business, affected by factors such as the impact of U.S. “reciprocal tariffs” on global demand expectations, the greater-than-expected production increase by “OPEC+”, and the unwinding of geopolitical risk premiums, international oil companies shifted their strategic focus back to their core oil and gas business and became more prudent with their investment in low-carbon transformation. The global utilization rate of jack-up platforms declined significantly, and daily rates were under downward pressure. For mid-deepwater semi-submersible platforms, demand for projects in the North Sea and Barents Sea remained stable, while issues related to European energy security supported a steady rise in both utilization rates and daily rates. For ultra-deepwater semi-submersible platforms, certain deepwater development projects were delayed due to adjustments in investment priorities, resulting in a slight decline in the utilization rate compared to the beginning of the year. During the Reporting Period, the Group’s mid-deepwater semi-submersible platform “Deepsea Yantai” secured a new lease agreement with a Norwegian oil company; the ultra-deepwater semi-submersible drilling platform “Blue Whale No. 1” signed a new lease agreement with an international client.
Future Development and Prospects
The Group’s Management stated: “CIMC will base itself on the new development stage, closely follow national policy guidance, deepen the implementation of the strategic theme of ‘accelerating the construction of new growth drivers and focusing on promoting high-quality development’, coordinate the reasonable growth of ‘quantity’ and the effective improvement of ‘quality’, and strive to ‘become a high-quality and respected world-class enterprise’.”
I. In the Logistics Field
In the container manufacturing business, according to the report issued by CLARKSONS in June 2025, global container trade volume is expected to see a growth of 2.5% in 2025. The uncertainty surrounding U.S. tariff policies will continue to fuel concerns about global economic growth, which in turn will impact the demand for containers in the global container shipping market in the short term. However, owing to the demand for spare containers brought about by these uncertain events in the container transportation market and the stable replacement rate of old containers, the demand for new containers is still expected to be underpinned by stable fundamentals in 2025.
In the road transportation vehicles business, as tariff policies and the results of anti-dumping and anti-subsidy investigations finalize, coupled with the traditional peak season in the third quarter, the North American semi-trailer business is expected to see a weak recovery; the European semi-trailer business will maintain its resilience amid a “weak recovery” market environment. In 2H 2025, CIMC Vehicles will evolve its “intercontinental operation” into a “borderless enterprise” model, continue to strengthen its strategic presence in Southeast Asia and Africa, and establish regional business groups for the Global South market; domestically, it will continue to focus on new energy, accelerate its transformation to become a “full-value-chain” operator of StarLink semi-trailers, and further increase its market share.
II. In the Energy Industries Field
In the energy, chemical, and liquid food equipment business, shell expects that both demand for and supply of LNG will continue to grow after 2030, with the market share of LNG in total global natural gas demand rising from approximately 14% in 2024 to approximately 25% by 2050, particularly in the Asian market. The International Energy Agency (IEA)’s “Gas Market Report Q3-2025” predicts that global natural gas consumption will reach a record high in 2026, with natural gas demand in Asia in particular projected to grow by over 4% and LNG imports expected to increase by approximately 10%. CIMC Enric will continue to advance the replication and implementation of strategic clean alternative fuel projects, such as coke oven gas to hydrogen co-production LNG and biomass-based green methanol, to cultivate new performance growth points.
In the offshore engineering business: The FPSO market shows a high certainty of demand in the short term, underpinned by a substantial reserve of long-term projects. Market demand is forecast to remain robust over the next five years, with major projects centered in South America and Africa and main builders in China and Singapore. In the second half of the year, the Group’s offshore engineering business will firmly advance its strategic vision, concentrating on its established product lines to consolidate competitive advantages and amplify its successes. The three major business lines will continue to break new ground, with offshore oil and gas as the foundation, gradually expanding to new energy sources to form a business portfolio that dilutes the impacts of the industrial cycle.
III. In the Finance and Asset Management Field
In the offshore engineering asset operation and management business of CIMC, in 2H 2025, oil prices are expected to remain volatile and under pressure, influenced by ongoing tariff fluctuations, adjustments in “OPEC+” policies, and geopolitical uncertainties, as forecast by numerous institutions and investment banks. Global oil and gas investment is projected to reflect structural shifts as “increased deepwater investment, diminished shale and counter-cyclical in national oil companies”. Daily rates for mid-to-deepwater offshore drilling platforms are anticipated to remain stable. The Group will adhere to an operating strategy of “maintaining stable operations, promoting asset turnover and expanding market reach”, ensuring the safe and smooth operation of leased assets while proactively securing lease renewals, accelerating the disposal of jack-up and accommodation platform assets, and advancing the marketing of mid-to-deepwater and ultra-deepwater platforms to consolidate its leading position in the global offshore engineering market.
About China International Marine Containers (Group) Co., Ltd.
The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. In 2024, the Group recorded a revenue of RMB177.664 billion, with gross profit margin remaining at 12.52% and net profit of RMB4.195 billion. The Group was ranked 154th in the Fortune 500 China 2025. For more information, please visit http://www.cimc.com/.
– Gross profit increased by 28.98% YoY to approximately NTD201.97 million – Total comprehensive income attributable to owners of the Company for the period increased significantly by118.02% YoY to approximately NTD68.24 million
2025 Interim Results Highlights – Total revenue increased by 9.40% YoY to approximately NTD585.31 million – Gross profit increased by 28.98% YoY to approximately NTD201.97 million – Overall gross profit margin rose by 5.24 percentage points to approximately 34.51% – Total comprehensive income attributable to owners of the Company for the period increased significantly by118.02% YoY to approximately NTD68.24 million – Revenue from turnkey solutions reached approximately NTD113.69 million – Basic earnings per share increased by 25.84% YoY to approximately NTD4.87 cents
Genes Tech Group Holdings Co. Ltd (Genes Tech Group or The Group, HKG: 8257) announces its interim results for the six months ended 30 June, 2025 (During the period). During the period, the Group’s performance demonstrated steady growth. The total revenue of the Group reached approximately NTD585.31 million, representing a year-on- year (YoY) increase of 9.40%. Total comprehensive income attributable to owners of the Company for the period amounted to approximately NTD68.24 million, representing a significant YoY increase of 118.02%. Basic earnings per share were approximately NTD4.87 cents, representing a YoY increase of 25.84%.
During the period, revenue from turnkey solutions amounted to approximately NTD113.69 million, accounting for approximately 19.42% of the Group’s total revenue. The revenue from trading of parts and used SME amounted to approximately NTD471.62 million, accounting for approximately 80.58% of the Group’s total revenue. The Group adheres to its core strategy of prudence and stability, striving to strengthen the stability and continuity of cooperation with existing international clients while actively expanding new clientele to diversify risks. During the period, the Group’s revenue from operations in the United States increased significantly by 78.54% from last year, accounting for approximately 38.68% of the total revenue of the Group, while revenue from operations in Taiwan increased by 48.97% from last year, accounting for approximately 49.69% of the total revenue the Group.
In the first half of 2025, the global semiconductor market continued its growth momentum. Driven by new technologies such as AI, the penetration rates of new technologies and products in areas such as automotive electronics, new energy, the Internet of Things, big data and artificial intelligence continued to rise. Furthermore, the deepening development of cutting-edge technologies such as “AI+” and “5G+”, along with the rapid growth in demand for AI computing power, have become key drivers of semiconductor demand, creating a favorable development environment for semiconductor companies. According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor sales reached USD59 billion in May 2025, up 19.8% from USD49.2 billion in May 2024, marking 19 consecutive months of year-on-year growth and a 3.5% increase from the previous month. The growth in the global chip market was primarily driven by strong demand from the Americas and Asia- Pacific regions.
Mr. Yang Ming-Hsiang, Chairman and Chief Executive Officer concluded: “Driven by the strong momentum of AI technology, the semiconductor industry is entering a period of rapid growth in economic profits. However, amidst the current volatile international landscape, the semiconductor industry faces challenges in supply chain stability. The Group will assess the situation, pursue progress while maintaining stability, and continuously enhance its core value and competitiveness to create sustainable long-term investment returns for shareholders.”
About Genes Tech Group Holdings Co. Ltd (HKG: 8257) Genes Tech Group Holdings Co. Ltd is a turnkey solution provider and exporter of parts and used SME in Taiwan. Since the commencement of its business in 2009, the Group mainly engaged in providing turnkey solution for parts and used SME for its customers and modifying and/or upgrading the semiconductor equipment of its production systems according to customers needs. In addition, the Group is also engaged in the trading of SEM and parts. The SME and parts supplied by the Group included furnaces, clean tracks and other related items, which were used at the front-end of the semiconductor manufacturing process, wafer fabrication such as deposition, photoresist coating and development, and these were extensively applied in mobile phones, game consoles, DVD players, automotive sensors and other digital electronic products.
The press release is distributed by Vitalink Consultants Limited on behalf of Genes Tech Group Holdings Co. Ltd. For enquiry, please contact:
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company“) is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced “bought deal” public offering (the “Underwritten Offering“) from gross proceeds of approximately C$5,000,000 to gross proceeds of approximately C$6,000,000. Pursuant to the upsized Underwritten Offering, Red Cloud Securities Inc. (“Red Cloud“), as sole underwriter and bookrunner, has agreed to purchase for resale 6,666,667 units of the Company (each, a “Unit“) at a price of C$0.90 per Unit (the “Offering Price“).
Each Unit will consist of one common share of the Company (each, a “Unit Share“) and one common share purchase warrant (each, a “Warrant“). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share“) at a price of C$1.35 at any time on or before that date which is 36 months after the Closing Date (as herein defined).
The Company has granted to the Underwriter an option (the “Over-Allotment Option“, and together with the Underwritten Offering, the “Offering“), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale the number of additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes.
The net proceeds from the Offering will be used by the Company to fund ongoing operations including, but not limited to, commercial development, product development and working capital. In connection with the Offering, the Company intends to file a prospectus supplement (the “Supplement“) to the Company’s final short form base shelf prospectus dated March 7, 2025 (the “Shelf Prospectus“), with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction, and provided the issuance of the Units (including the underlying securities) is permitted under laws applicable to the Company (including the Australian Corporations Act 2001 (Cth).
Copies of the Shelf Prospectus and the Supplement to be filed in connection with the Offering, can be found on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Supplement, the Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.
The Offering is expected to close on or about September 3, 2025 (the “Closing Date“), or on such date as agreed upon between the Company and Red Cloud. The closing of the Offering is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange to list, on the Closing Date, the common shares of the Company issuable from the sale of Units as well as upon the exercise of the Warrants.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About GMG
GMG is an Australian-based clean-technology company, which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in-house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low-cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy saving coating), which is now being marketed into other applications, including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries“). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium ion batteries.
GMG’s 4 critical business objectives are:
Produce Graphene and Improve/Scale Cell Production Processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expected size and terms of the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing the Offering, and the expected use of proceeds from the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, expectations and assumptions concerning the business objectives of the Company; the Company’s ability to carry out current planned capital projects, research and development, manufacturing, production, sales and marketing programs for its graphene and graphene-enhanced products and solutions; that the Company will receive the necessary regulatory approvals for the Offering; use the proceeds from the Offering as anticipated; the Company’s performance and general business and economic conditions.
Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company is not able to use the proceeds from the Offering as anticipated by management; the risk that the Company does not receive the requisite regulatory approvals for the Offering; overall economic conditions; technical de-risking and market acceptance for the Company’s products and solutions; the introduction of competing technologies or products; stock market volatility; environmental and regulatory requirements; competitive pressures; change in market conditions and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied in these forward-looking statements; the volatility of global capital markets; political instability; the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel; unexpected development and production challenges; unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company“) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud“), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 5,555,556 units of the Company (each, a “Unit“) at a price of C$0.90 per Unit (the “Offering Price“) on a “bought deal” basis in a public offering for gross proceeds of approximately C$5,000,000 (the “Underwritten Offering“).
Each Unit will consist of one common share of the Company (each, a “Unit Share“) and one common share purchase warrant (each, a “Warrant“). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share“) at a price of C$1.35 at any time on or before that date which is 36 months after the Closing Date (as herein defined).
The Company has granted to the Underwriter an option (the “Over-Allotment Option“, and together with the Underwritten Offering, the “Offering“), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale the number of additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes.
The net proceeds from the Offering will be used by the Company to fund ongoing operations including, but not limited to, commercial development, product development and working capital.
In connection with the Offering, the Company intends to file a prospectus supplement (the “Supplement“) to the Company’s final short form base shelf prospectus dated March 7, 2025 (the “Shelf Prospectus“), with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction, and provided the issuance of the Units (including the underlying securities) is permitted under laws applicable to the Company (including the Australian Corporations Act 2001 (Cth).
Copies of the Shelf Prospectus and the Supplement to be filed in connection with the Offering can be found on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Supplement, the Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.
The Offering is expected to close on or about September 3rd, 2025 (the “Closing Date“), or on such date as agreed upon between the Company and Red Cloud. The closing of the Offering is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange to list, on the Closing Date, the common shares of the Company issuable from the sale of Units as well as upon the exercise of the Warrants.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About GMG
GMG is an Australian-based clean-technology company, which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in-house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low-cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy saving coating), which is now being marketed into other applications, including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries“). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium ion batteries.
GMG’s 4 critical business objectives are:
Produce Graphene and Improve/Scale Cell Production Processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expected size and terms of the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing the Offering, and the expected use of proceeds from the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, expectations and assumptions concerning the business objectives of the Company; the Company’s ability to carry out current planned capital projects, research and development, manufacturing, production, sales and marketing programs for its graphene and graphene-enhanced products and solutions; that the Company will receive the necessary regulatory approvals for the Offering; use the proceeds from the Offering as anticipated; the Company’s performance and general business and economic conditions.
Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company is not able to use the proceeds from the Offering as anticipated by management; the risk that the Company does not receive the requisite regulatory approvals for the Offering; overall economic conditions; technical de-risking and market acceptance for the Company’s products and solutions; the introduction of competing technologies or products; stock market volatility; environmental and regulatory requirements; competitive pressures; change in market conditions and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied in these forward looking statements; the volatility of global capital markets; political instability; the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel; unexpected development and production challenges; unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
GEON® Performance Solutions, a global leader in the formulation, development and manufacture of performance polymer solutions, announced today that it received Great Place To Work® (GPTW) certifications for its USA, Canada, Mexico and China locations. Since partnering with GPTW in 2021, GEON’s cultural and sustainability vision is to achieve this recognition each year.
GPTW Certified GEON is Great Place to Work-Certified in the US, Canada, Mexico and China.
GPTW asks employees to quantify and benchmark their experience, workplace culture and leadership behaviors which are proven to deliver market-leading revenue, employee retention and increased innovation.
“We are thrilled to receive Great Place To Work recognition in all four countries in which we operate for two consecutive years. Great Place To Work companies are evaluated against top employers globally, so this is a testament that our journey to cultural excellence is on the right track,” said GEON Chief Executive Officer Tracy Garrison. “We believe leaders in the marketplace must also be leaders in the workplace. To do this, we nurture a positive work culture everywhere we operate while striving to grow in areas that still need improvement.”
GEON received a 79 percent engagement rating which exceeds the typical company by over 20 percent. GEON’s score improved year-over-year in the U.S., Canada and China and held steady in Mexico. The U.S. survey included the full scope of GEON employees, including employees from Foster, LLC which GEON acquired in January of 2025.
According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified™ great workplace. Additionally, employees at Certified workplaces are 93 percent more likely to look forward to coming to work and are twice as likely to be paid fairly and have a fair chance at promotion.
“Like the data show, achieving GPTW certification is not only a reflection of our culture, but it directly impacts our ability to retain good people who are excited to come to work each day,” said GEON Chief Human Resources Officer Jerome Beguerie. “This has a direct impact on our customers and their experience with us.”
About GEON Performance Solutions GEON® Performance Solutions is a leading innovator in the development of polymer compounding solutions for a broad range of markets including building & infrastructure, consumer, industrial, transportation, and power & communications. With the acquisition of Foster, LLC, GEON has enhanced participation in the high-growth healthcare and medical device industry and builds on a portfolio of highly adaptable vinyl, polyolefin and engineered resin technologies as well as a full-service contract manufacturing business. GEON has approximately 1,200 global associates and 15 world-class manufacturing plants with headquarters in Westlake, Ohio. Learn more at www.geon.com. GEON is a portfolio company of SK Capital Partners.
About SK Capital SK Capital is a transformational private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital currently has approximately $10 billion in assets under management as of December 31, 2024. For more information, please visit www.skcapitalpartners.com.
Contact Information Renita Anderson Vice President, Marketing & Business Development renita.anderson@geon.com 678-772-8953
Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to provide an update to the composition of the Company’s Technical Advisory Committee which will support the Company as it proceeds into its next phase of development.
The Company is pleased to announce the addition of Professor Emeritus Doug Hargreaves AM (Australia) to the Company’s Technical Advisory Committee, adding deep insight, experience and connections to GMG.
Doug is a highly respected Professor Emeritus of Engineering at Queensland University of Technology (QUT), a member of the Order of Australia, previous National President and an Honorary Fellow of the Engineers Australia, Board Member of the Federation of Engineering Institutions in the Asia Pacific and the Executive Officer of the Australian Council of Engineering Deans. Doug has a Doctor of Philosophy (PhD) and a Masters of Science (MSc) with Distinction in Tribology from the University of Leeds. He serves on multiple Committees and Technical Advisory Boards.
Doug joins Bob Gaylen (USA), Company Director and the other member of the Technical Advisory Committee.
Bob is a highly experienced executive in the battery energy storage world and science/engineering-based communities. Bob was previously the Chief Technology Officer (CTO) of Contemporary Amperex Technology Company Limited (CATL). CATL is widely known as the largest lithium ion battery manufacturer in the world — supplying electric vehicles and high efficiency storage systems. He serves on multiple Committees of Directors and Technical Advisory Boards.
GMG’s Managing Director and CEO, Craig Nicol, commented: “We welcome Doug to the global GMG team and we look forward to his valuable insights and working with him as we bring GMG’s novel product portfolio to various industries around the world.”
GMG’s Director, Bob Galyen, commented: “Welcome Doug — I look forward to your valuable contribution to the Technical Advisory Committee and help supporting the commercialisation of GMG’s world leading products.”
About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale production processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the development of GMG’s product portfolio and the role of the Technical Advisory Committee in doing so.
Such forward-looking statements are based on a number of assumptions of management, including access to capital for growth, growth of sales based on ongoing customer feedback, technical product development and scale-up progress, manufacturing and supply chain can be scaled accordingly, the market will accept and buy the Company’s products within the required timeframe, the Company will maintain regulatory compliance and will recruit and retain talent required for growth, the Company will be able to manage geopolitical factors and protect its intellectual property. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: financial viability, technical development and scale-up uncertainty, manufacturing and supply chain complexity, market acceptance, regulatory compliance, talent retention, geopolitical factors, and protection of intellectual property. and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that the patent for the Company’s Graphene Aluminium Ion Battery has been granted in Australia and GMG is progressing its patenting process in various other countries. The University of Queensland (UQ) holds the patent and GMG has a worldwide exclusive commercialisation license. Figure 1 shows a typical Graphene Aluminium Ion Battery Pouch Cell Prototype which GMG is currently co-developing with Rio Tinto and UQ.
Furthermore, GMG has signed a Collaborative Research Agreement with UQ – Australian Institute for Bioengineering and Nanotechnology (AIBN) to continue its collaboration on the Graphene Aluminium Ion Battery. UQ is also a recipient of AU$880,000 of Australian Government grant funding to further develop the Graphene Aluminium Ion Battery.
GMG and UQ started working on an Australian Research Council (ARC) Linkage Project in 2021 to co-develop the Graphene Aluminium Ion Battery and this will now continue under this new Collaborative Research Agreement.
The Agreement sets out, among other things, the way in which pre-agreed GMG and UQ personnel can work at each other party’s premises and the intellectual property rights and obligations for each party. It also provides that GMG has the exclusive first right to negotiate an exclusive license to use any of the work UQ develops under this Agreement.
UQ’s Professor Alan Rowan, AIBN Executive Director, commented “We look forward to continuing our strong research and development relationship with the world leading clean technology company GMG and deepening our knowledge on the graphene aluminium ion battery technology.”
GMG’s Managing Director and CEO, Craig Nicol, commented: “GMG is very pleased to continue working with the world leading UQ AIBN team and collaborating with them to co-develop our next generation Graphene Aluminium Ion Battery.”
As previously announced on March 3, 2025, GMG has entered into a service contract with the Battery Innovation Center (BIC) of Indiana in the United States of America to support the next phase of development of the Graphene Aluminium Ion Battery. As a result, GMG is no longer focused on a project to construct an Automated Battery Pilot Plant at its Richlands Australia headquarters at this time. GMG and the State of Queensland have mutually agreed to an early termination of the Queensland Critical Minerals and Battery Technology Fund Agreement between the parties.
About UQ & AIBN:
Ranked in the world’s top 50, The University of Queensland is one of Australia’s leading research and teaching institutions. As part of UQ, the Australian Institute for Bioengineering and Nanotechnology (AIBN) is a leading research institute which tackles global challenges in health, energy, and the bioeconomy. It works on projects like mRNA manufacturing, diagnostics, and sustainable solutions. AIBN collaborates with industry and government and are known for their work in advanced biomanufacturing, nanoengineered materials, and precision nanomedicine.
About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale cell production processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the development of the Graphene Aluminium Ion Battery Pouch Cell Prototype, the future collaboration between GMG and UQ-AIBN, the further development of the Graphene Aluminium Ion Battery and GMG’s intentions for the Automated Battery Pilot Plant at its Richlands Australia headquarters, the further development of the Graphene Aluminium Ion Battery with the BIC of Indiana.
Such forward-looking statements are based on a number of assumptions of management, including amongst others, the successful repeatability and scalability of the Graphene Aluminium Ion Battery cells, the successful electrochemistry optimisation of the Graphene Aluminium Ion Battery, the energy density of the Graphene Aluminium Ion Battery reaches the required performance level for customer adoption, successful customer adoption of the Graphene Aluminium Ion Battery, successful pilot plant and production scale up of the Graphene Aluminium Ion Battery, the Graphene Aluminium Ion Battery is competitive against other technologies with respect to cost, performance, safety and other parameters, the Graphene Aluminium Ion Battery safety is validated by external testing and customers, the Company is able to get the required approvals for production and sale of the Graphene Aluminium Ion Battery, the Graphene Aluminium Ion Battery expected costs are within acceptable range to produce and sell profitably, the Company can fund the capital required to produce the Graphene Aluminium Ion Battery at scale and global market trends continue to incentivise industries to adopt batteries for use. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: technical risks for the repeatability, scalability, electrochemistry optimisation and performance uncertainty, commercialisation risks for the pilot plant success, customer testing, market adoption and industry inertia, safety and regulatory risks for the safety validation and regulatory approvals, supply chain risks for the sourcing of raw materials and local manufacturing challenges, financial and market risks for the capital requirements and market volatility, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that G® Lubricant has commenced both website sales and direct sales to end customers in a number of countries and regions around the world, including Australia, the United Kingdom, Europe, China, Canada and the United States.
GMG has received formal requests to distribute G® Lubricant in a number of additional countries and is working through the process to commence these distribution deals, including packaging and labelling updates to address country-specific requirements for sales to commence.
GMG is commencing the process to register the G® Lubricant product with the European Chemicals Agency under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation to ensure large quantities of the product can be sold in Europe. This process can take up to three months to complete. GMG is also engaging consultants for assistance in obtaining USA EPA approval for G® Lubricant.
GMG provides the following updates with respect to other actions that the Company is taking to further develop sales of G® Lubricant:
GMG is discussing scaling partnership possibilities for G® Lubricant with large oil and gas companies and original equipment manufacturers around the world.
G® Lubricant is being actively used in a number of large truck fleets and GMG is awaiting product performance feedback from these trials, which is anticipated within the next few months.
GMG has shared a number of “how to” explainer videos performed by Chief Development Officer Paul Mackintosh on YouTube which show how to add G® Lubricant to some of the major global lubricant brand products:
GMG has committed to spend over AU$200,000 over the next year of promotional advertising in Australia with an integrated newspaper, magazine, website and radio advertising campaign targeting the trucking and transport industry.
GMG is currently spending over AU$200,000 (on an annualised basis) on online promotional campaigns across Meta (Facebook and Instagram), Google (Google Ads and YouTube) and LinkedIn of G® Lubricant to the targeted truck market in a number of key countries around the world. The online campaigns include GMG’s explainer video on YouTube:
GMG is in the process of onboarding a number of new sales team members around the world to support the sales of its products. GMG will continue to bring on new sales team members in line with sales growth.
GMG is actively reviewing and managing how to expand its G® Lubricant production and packaging systems in line with sales estimates – including external packaging third party contractors where it sees value in doing so.
GMG’s Managing Director and CEO, Craig Nicol, commented: “It is great to see the welcome G® Lubricant has received by the industry – we look forward to growing sales through new distributors and potential partners for scale.”
GMG’s Chairman and Director, Jack Perkowski, commented: “Commencing sales is the first step to bringing the product to market – congratulations team!”
About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale cell production processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, GMG’s intention to commercialise and market G® Lubricant, future distribution of G® Lubricant, registration and receipt of regulatory approval of G® Lubricant in applicable jurisdiction, potential partnership opportunities involving G® Lubricant, performance results of G® Lubricant in truck fleets, expenditures allocated to marketing and promotional activities, addition of sales employees subject to sales growth, ongoing review of production and packaging expansion capabilities, the potential market for G® Lubricant and the potential revenue available for G® Lubricant.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G® Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that GMG will continue to commercialize and market G® Lubricant, continued development of distribution channels of G® Lubricant, that the Company’s registration and regulatory approval applications will progress as anticipated, continued development of partnership opportunities involving G® Lubricant, receipt of performance outcomes of G® Lubricant in truck fleets, that the marketing and promotional expenditures will be consistent with forecasts, addition of new sales employees, continued review of production and packaging expansion capabilities, and that the potential market and revenue available for G® Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G® Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that GMG will not commercialize and market G® Lubricant as anticipated, failure by GMG to develop distribution channels for G® Lubricant, failure by GMG to secure partnership involving G® Lubricant, that the marketing and promotional expenditures are different than anticipated, failure to add new sales employees, unfavourable performance results of G® Lubricant in truck fleets, inability of the Company to complete review of production and packaging expansion capabilities that the potential market and revenue available for the G® Lubricant product is not as currently calculated, risks relating to the extent and duration of current geopolitical conflicts and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals or complete necessary registrations, the Company’s ability to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Core clients and order fulfilment support higher top-line performance, Short-term margin impacted by one-off, upfront expenses for new project
Key Financial Performance Highlights for Q3FY2025:
Group’s total revenue for the quarter jumps to RM75.1 million, with e-mobility and energy storage segments as primary contributors, followed by electronics
Performance for the quarter supported by prompt execution of outstanding orders from FY2024 and progress on new scopes secured within existing client base
Both PBT and PAT stand at RM3.2 million for the quarter under review
GP, PBT, PAT, and PATAMI margins recorded at 11.6%, 4.3%, 4.3% and 1.1% respectively
Technology leader in providing turnkey, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD(Genetec or the Company), today announced its financial results for the third quarter ended 31 March 2025 (Q3FY2025). The Company reported a jump in their revenue to RM75.1 million, on par with the preceding year-on-year revenue levels, supported by the delivery of outstanding and new orders across its core client base. Gross Profit (GP) for the quarter came in at RM8.7 million with both profit before tax (PBT) and profit after tax (PAT) at RM3.2 million, and profit after tax and minority interests (PATAMI) at RM0.8 million. GP, PBT, PAT, and PATAMI margins stood at 11.6%, 4.3%, 4.3% and 1.1% respectively.
While the Q3FY2025 revenue marked a return to revenue levels previously seen in FY2024, profit margins and PAT for the quarter fell compared with the previous quarter’s PAT of RM6.3 million. The Company noted that this was due to several deliveries in the quarter involving new scopes which involved one-off, non-recurring expenses. Genetec expects margin to normalise in upcoming quarters.
Managing Director and Co-founder of Genetec, Chin Kem Weng commented, “Our top-line performance reflects a pickup in project execution and a healthy pipeline on the back of our ongoing client engagement. The margin dip this quarter is temporary, contributed by one-off expenses tied to the new project scopes and are not recurring. As such, we are confident that we will see a recovery in the margins in the coming quarters as project maturity and margin discipline for the new scopes improve. Genetec’s focus remains on deepening our partnerships with clients in key sectors like electric vehicle (“EV”), automotives, and energy storage, while we continue to seek meaningful diversification.”
Amid the ongoing shifts in global trade dynamics and supply chain strategies, Genetec sees structural tailwinds supporting its growth trajectory. As manufacturers reassess production footprints and strengthen operational resilience, there is an upward demand for flexible, cost-competitive and reliable high-quality automation solutions. Genetec’s Malaysia-based production model, combined with a proven international track record, deep technical expertise, and agile manufacturing capabilities, positions the Company well to support clients adapting to these changes.
The Company remains focused on deepening its engagement with existing customers while exploring opportunities to broaden its client base. In addition to pursuing new scopes within existing clients’ operations, Genetec has actively participated in several international exhibitions and industry events in recent months, which have generated encouraging business leads. These engagements mark early steps toward potential entry into new industries and segments, in line with the Company’s longer-term strategy to diversify and grow.
Genetec is also actively managing its current production load while progressing its EPIC plant expansion, scheduled for completion in early 2026. The new facility will significantly increase floor space and technical capabilities, supporting Genetec’s ability to deliver on multiple high-value projects simultaneously.
“We remain focused on timely order execution, quality and cost control, and supporting our clients in a rapidly evolving industrial and technological environment. With steady project momentum, a growing base of client engagements, and strategic expansion into new sectors, we are cautiously optimistic about the road ahead. We believe Genetec is well-positioned to build on this foundation for long-term growth,” Chin concluded.
With ongoing execution across key client projects and growing interest from new industries, Genetec continues to position itself as a trusted global partner in automation.
About Genetec Technology Berhad Genetec Technology Berhad is a public listed company on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104) and a global leader in providing customised, turnkey smart factory automation solutions. With a strong international footprint, it serves a diverse range of industries including electric vehicle (EV), e-mobility and energy storage, automotive, hard disk drives (HDD), consumer electronics, appliances, and pharmaceuticals.
