From GlobeNewswire: 2025-05-14 17:00:00

Carbon Revolution plc announced a record full-year revenue of US$47.3 million, up 87% year-over-year. The company also made substantial progress on operational and liquidity actions. The full-year loss after income tax was US$146.4 million, with transaction costs of US$20.9 million and an impairment of assets of US$68.0 million in fiscal year 2024. CEO Donald Hampton, Jr. attributed the growth to increased production for Range Rover and Corvette programs.

The completion of the Mega-line commissioning marks a significant milestone for Carbon Revolution, enhancing operational efficiency and capacity. The company has restructured, lowered its cost base, and expects to move towards profitability from its first plant in Australia. Business progress includes key customer vehicle launches, industry recognition, and leadership appointments.

Carbon Revolution plc has achieved industry recognition and growth in fiscal year 2024. The company is focused on meeting global OEM demand, with capacity expansion for awarded programs nearing completion. Financial highlights show revenue of US$47.3 million, a loss of US$146.4 million, and adjusted EBITDA of US$35.0 million. The company aims to create sustainable technology for the automotive industry.

In addition to IFRS results, Carbon Revolution plc uses non-IFRS financial measures like EBITDA and Adjusted EBITDA to assess financial performance. These measures provide useful information to management and investors about the company’s financial trends. Forward-looking statements caution investors about risks and uncertainties, including liquidity, market conditions, competition, and legal proceedings. The company aims to update stakeholders on its financial progress and risks.

Financial reports for Carbon Revolution plc show a net loss for the year of US$146.4 million, with EBITDA of US$120.5 million and adjusted EBITDA of US$35.0 million for fiscal year 2024. The company’s financial position includes current assets of US$38.4 million and total assets of US$42.9 million. Cash flow from operating activities was negative, with a net decrease in cash equivalents of US$11.1 million.

The reconciliation of EBITDA and Adjusted EBITDA to net loss for the year shows how these financial measures differ from IFRS reporting. EBITDA excludes interest expense, income taxes, depreciation, and amortization, while Adjusted EBITDA further adjusts for various costs and gains. These measures provide a clearer picture of the company’s financial performance beyond traditional accounting methods.



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