Delorean Corporation’s FY24 financials: Record profits and robust growth ahead!

Delorean Corporation (ASX: DEL) has unveiled its preliminary unaudited financial results for the fiscal year ending June 30, 2024. The Company expects to report an EBITDA ranging between AUD 4.5 million and AUD 5.1 million and revenue between AUD 27 million and AUD 28 million. Additionally, Delorean anticipates a record Net Profit After Tax (NPAT) for the year, with cash reserves of AUD 8.8 million as of June 30, 2024.

Delorean Corporation’s impressive financial performance for FY24 reflects the robust performance across its divisions and successful project delivery throughout the year. These preliminary results underscore the Company’s effective execution of its core projects in a cost-efficient and timely manner. The final audited results are scheduled to be released on September 30, 2024.

Joseph Oliver, Managing Director of Delorean Corporation, highlighted the Company’s strong performance and its commitment to delivering core projects efficiently. Oliver emphasized that the projected financial results are a testament to the ongoing efforts to meet project objectives and maintain cost-effectiveness. The Company looks forward to confirming these results with the upcoming audited report.

Delorean Corporation is a leading Australian company specializing in bioenergy. The Company is engaged in the design, construction, ownership, and management of bioenergy infrastructure. Delorean operates in several key areas, including bioenergy power generation, renewable gas generation, and energy retail. As a vertically integrated entity, Delorean is strategically positioned in high-growth sectors such as renewable energy and waste management.

The Company’s structure includes three primary divisions: Engineering, Infrastructure, and Energy Retail. These divisions enable Delorean to manage bioenergy projects through their entire lifecycle—from initial conception and organic waste processing to generating renewable energy and monetizing green electricity, heat, and gas. This integrated approach allows Delorean to produce renewable energy while simultaneously reducing organic waste destined for landfills, creating multiple revenue streams.

Key Points:

– Delorean Corporation projects FY24 EBITDA between AUD 4.5 million and AUD 5.1 million, with revenue between AUD 27 million and AUD 28 million.

– The Company expects to report a record Net Profit After Tax (NPAT) and had AUD 8.8 million in cash at the end of June 2024.

– Preliminary results highlight strong performance across Delorean’s divisions and successful project execution.

– Final audited financial results will be released on September 30, 2024.

– Delorean Corporation is a leader in bioenergy, operating across renewable energy and waste management sectors.

Delorean Corporation’s preliminary FY24 results reflect a strong operational performance and effective financial management. The anticipated record NPAT and substantial cash reserves are indicative of the Company’s solid execution of its strategic projects. Delorean’s integrated approach to bioenergy and waste management positions it well for continued growth in the renewable energy sector. The upcoming audited results will provide further insights into the Company’s achievements and future prospects.