Income Statement Vast Renewables Limited

Stocks

VSTTF

AU0000288284

Electric Utilities

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0.005100 ^USD	+410.00%		+750.00%	+1,175.00%

23/25/23	Vast Renewables Limited Auditor Raises 'Going Concern' Doubt	CI
23/25/23	Vast Renewables Limited Reports Earnings Results for the Full Year Ended June 30, 2025	CI

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Published financial data: VAST RENEWABLES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2022	2023	2024	2025
Revenues	19.17L	9L	3L	1.43Cr
Other Revenues, Total	-	-	-	3T
Total Revenues	19.17L	9L	3L	1.43Cr
Cost of Goods Sold, Total	2L	6L	8L	3L
Gross Profit	16.76L	3L	-5L	1.4Cr
Selling General & Admin Expenses, Total	62.16L	1.31Cr	1.95Cr	2.02Cr
Depreciation & Amortization - (IS)	47T	49T	84T	2L
Other Operating Expenses	92T	1L	3L	5L
Other Operating Expenses, Total	63.55L	1.32Cr	1.98Cr	2.08Cr
Operating Income	-46.79L	-1.29Cr	-2.03Cr	-67.99L
Interest Expense, Total	-21.19L	-25.18L	-19.47L	-11.06L
Net Interest Expenses	-21.19L	-25.18L	-19.47L	-11.06L
Income (Loss) On Equity Invest.	-10T	-3L	-2L	-6L
Other Non Operating Income (Expenses)	-3T	1L	-16Cr	39.76L
EBT, Excl. Unusual Items	-68.11L	-1.56Cr	-19Cr	-45.31L
Merger & Related Restructuring Charges	-	-	-11Cr	-
EBT, Incl. Unusual Items	-68.11L	-1.56Cr	-29Cr	-45.31L
Income Tax Expense	-6L	-4L	-	-
Earnings From Continuing Operations	-61.93L	-1.52Cr	-29Cr	-45.31L
Net Income to Company	-61.93L	-1.52Cr	-29Cr	-45.31L
Net Income - (IS)	-61.93L	-1.52Cr	-29Cr	-45.31L
Net Income to Common Incl Extra Items	-61.93L	-1.52Cr	-29Cr	-45.31L
Net Income to Common Excl. Extra Items	-61.93L	-1.52Cr	-29Cr	-45.31L
Per Share Items
Net EPS - Basic	-2.88	-7.08	-17.5	-0.15
Basic EPS - Continuing Operations	-2.88	-7.08	-17.5	-0.15
Basic Weighted Average Shares Outstanding	21.49L	21.49L	1.68Cr	3Cr
Net EPS - Diluted	-2.88	-7.08	-17.5	-0.15
Diluted EPS - Continuing Operations	-2.88	-7.08	-17.5	-0.15
Diluted Weighted Average Shares Outstanding	21.49L	21.49L	1.68Cr	3Cr
Normalized Basic EPS	-1.98	-4.54	-6.99	-0.09
Normalized Diluted EPS	-1.98	-4.54	-6.99	-0.09
Supplemental Items
EBITDA	-46.32L	-1.29Cr	-2.03Cr	-67.59L
EBITA	-46.79L	-1.29Cr	-2.03Cr	-67.99L
EBIT	-46.79L	-1.29Cr	-2.03Cr	-67.99L
Total Revenues (As Reported)	19.17L	9L	3L	1.43Cr
Effective Tax Rate - (Ratio)	9.07	2.42	-	-
Total Deferred Taxes	-6L	-4L	0	0
Normalized Net Income	-42.57L	-97.47L	-12Cr	-28.32L
Interest on Long-Term Debt	-	-	-	12.63L
Non-Cash Pension Expense	34T	34T	39T	21T
Supplemental Operating Expense Items
Marketing Expenses	58T	1L	9L	6L
Selling and Marketing Expenses	58T	1L	9L	6L
General and Administrative Expenses	34.94L	1.01Cr	1.35Cr	1.09Cr
Stock-Based Comp., G&A Exp. (Total)	-	-	23.14L	14.55L
Total Stock-Based Compensation	-	-	23.14L	14.55L

Fiscal Period: June	2022	2023	2024	2025
Assets
Cash And Equivalents	-	20.6L	1.11Cr	44.81L
Total Cash And Short Term Investments	-	20.6L	1.11Cr	44.81L
Accounts Receivable, Total	-	4T	8L	3L
Other Receivables	-	9L	8T	14.98L
Total Receivables	-	10L	8L	17.87L
Inventory	-	-	-	9L
Prepaid Expenses	-	44T	18.87L	10.66L
Other Current Assets, Total	-	-	-	-1T
Total Current Assets	-	30.56L	1.38Cr	82.38L
Gross Property Plant And Equipment	-	2L	6L	8L
Accumulated Depreciation	-	-1L	-2L	-2L
Net Property Plant And Equipment	-	75T	4L	6L
Long-term Investments	-	13L	10.65L	4L
Loans Receivable Long-Term	-	2L	5L	10.11L
Other Long-Term Assets, Total	-	-	1T	8L
Total Assets	-	46.56L	1.58Cr	1.1Cr
Liabilities
Accounts Payable, Total	-	12.64L	11.84L	6L
Accrued Expenses, Total	-	44.63L	40.63L	54.35L
Short-term Borrowings	-	1.98Cr	-	-
Current Portion of Leases	-	26T	1L	1L
Unearned Revenue Current, Total	-	2T	-	-
Other Current Liabilities	-	10.51L	48.54L	18.6L
Total Current Liabilities	-	2.66Cr	1.02Cr	79.99L
Long-Term Debt	-	71.34L	1.28Cr	69.63L
Long-Term Leases	-	28T	3L	4L
Pension & Other Post Retirement Benefits	-	1L	2L	2L
Other Non Current Liabilities	-	2L	6L	-1T
Total Liabilities	-	3.41Cr	2.41Cr	1.55Cr
Common Stock, Total	-	23.54L	30Cr	31Cr
Additional Paid In Capital	-	45.91L	-	-
Retained Earnings	-	-3.96Cr	-33Cr	-34Cr
Comprehensive Income and Other	-	32.89L	2.72Cr	2.54Cr
Total Common Equity	-	-2.94Cr	-83L	-44.65L
Total Equity	-	-2.94Cr	-83L	-44.65L
Total Liabilities And Equity	-	46.56L	1.58Cr	1.1Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	21.49L	21.49L	3Cr	3Cr
ECS Total Common Shares Outstanding	21.49L	21.49L	3Cr	3Cr
Book Value / Share	-	-13.69	-0.28	-0.15
Tangible Book Value	-	-2.94Cr	-83L	-44.65L
Tangible Book Value Per Share	-	-13.69	-0.28	-0.15
Total Debt	-	2.7Cr	1.33Cr	74.48L
Net Debt	-	2.49Cr	21.73L	29.67L
Equity Method Investments, Total	-	13L	10.65L	4L
Account Code - Inventory Valuation	-	-	3	3
Inventories - Raw Materials, Total	-	-	-	9L
Machinery, Total	-	63T	1L	3L
Full Time Employees	-	-	40	54

Fiscal Period: June	2022	2023	2024	2025
Net Income	-61.93L	-1.52Cr	-29Cr	-45.31L
Depreciation & Amortization - CF	47T	49T	84T	2L
Depreciation & Amortization, Total	47T	49T	84T	2L
(Income) Loss On Equity Investments - (CF)	10T	3L	2L	6L
Stock-Based Compensation (CF)	-	-	11Cr	14.55L
Other Operating Activities, Total	17.18L	19.9L	17Cr	-30.02L
Change In Accounts Receivable	68T	-2L	-5L	-9L
Change In Inventories	-	-	-	-9L
Change In Accounts Payable	11.49L	40.79L	-1.91Cr	6L
Change in Unearned Revenues	-9L	-1L	2T	-
Change In Income Taxes	35T	76T	6L	-
Change in Other Net Operating Assets	-11T	53T	-16.73L	7L
Cash from Operations	-41.1L	-90.51L	-4.03Cr	-58.35L
Capital Expenditure	-15T	-33T	-1L	-2L
Investment in Marketable and Equity Securities, Total	-67T	-	-	-
Other Investing Activities, Total	-42T	-1L	-1L	-5L
Cash from Investing	-1L	-2L	-2L	-7L
Long-Term Debt Issued, Total	18.38L	1.15Cr	4.03Cr	-
Total Debt Issued	18.38L	1.15Cr	4.03Cr	-
Long-Term Debt Repaid, Total	-45T	-37T	-	-1L
Total Debt Repaid	-45T	-37T	-	-1L
Issuance of Common Stock	-	-	92.03L	-
Other Financing Activities, Total	-	-6L	-	-50T
Cash from Financing	17.93L	1.09Cr	4.95Cr	-2L
Foreign Exchange Rate Adjustments	-2L	-15T	42T	1L
Miscellaneous Cash Flow Adjustments	-	-	-1T	-
Net Change in Cash	-26.75L	16.37L	90.21L	-66.01L
Supplemental Items
Cash Interest Paid	-	-	-	50T
Levered Free Cash Flow	-	-	-1Cr	-67.37L
Unlevered Free Cash Flow	-	-	-88.15L	-60.45L
Change In Net Working Capital	-	-	-15.91L	32.48L
Net Debt Issued / Repaid	17.93L	1.15Cr	4.03Cr	-1L

Fiscal Period: June	2022	2023	2024	2025
Profitability
Return on Assets	-	-	-124.25	-31.7
Return on Total Capital	-	-	-999.56	-107.08
Return On Equity %	-	-	1.56T	70.99
Return on Common Equity	-	-	1.56T	70.99
Margin Analysis
Gross Profit Margin %	87.43	34.71	-138.3	97.86
SG&A Margin	324.26	1.42T	5.7T	140.74
EBITDA Margin %	-241.63	-1.41T	-5.93T	-47.17
EBITA Margin %	-244.08	-1.41T	-5.94T	-47.45
EBIT Margin %	-244.08	-1.41T	-5.94T	-47.45
Income From Continuing Operations Margin %	-323.06	-1.66T	-85.8T	-31.62
Net Income Margin %	-323.06	-1.66T	-85.8T	-31.62
Net Avail. For Common Margin %	-323.06	-1.66T	-85.8T	-31.62
Normalized Net Income Margin	-222.06	-1.06T	-34.25T	-19.76
Levered Free Cash Flow Margin	-	-	-2.93T	-47.01
Unlevered Free Cash Flow Margin	-	-	-2.58T	-42.19
Asset Turnover
Asset Turnover	-	-	0.03	1.07
Fixed Assets Turnover	-	-	1.33	27.93
Receivables Turnover (Average Receivables)	-	-	0.82	25.58
Short Term Liquidity
Current Ratio	-	0.11	1.35	1.03
Quick Ratio	-	0.11	1.16	0.78
Operating Cash Flow to Current Liabilities	-	-0.34	-3.94	-0.73
Days Sales Outstanding (Average Receivables)	-	-	446.8	14.27
Average Days Payable Outstanding	-	-	549.67	-
Long Term Solvency
Total Debt/Equity	-	-91.79	-159.69	-166.81
Total Debt / Total Capital	-	-1.12T	267.54	249.68
LT Debt/Equity	-	-24.35	-158.07	-164.23
Long-Term Debt / Total Capital	-	-296.56	264.84	245.83
Total Liabilities / Total Assets	-	731.77	152.63	140.44
EBIT / Interest Expense	-2.21	-5.13	-10.43	-6.15
EBITDA / Interest Expense	-2.19	-5.11	-10.38	-6.01
(EBITDA - Capex) / Interest Expense	-2.19	-5.13	-10.44	-6.15
Total Debt / EBITDA	-	-2.1	-0.66	-1.12
Net Debt / EBITDA	-	-1.94	-0.11	-0.45
Total Debt / (EBITDA - Capex)	-	-2.09	-0.65	-1.09
Net Debt / (EBITDA - Capex)	-	-1.93	-0.11	-0.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-52.06	-62.79	4.09T
Gross Profit, 1 Yr. Growth %	-	-80.97	-248.28	-3.06T
EBITDA, 1 Yr. Growth %	-	178.78	57.07	-66.67
EBITA, 1 Yr. Growth %	-	176.3	57.05	-66.51
EBIT, 1 Yr. Growth %	-	176.3	57.05	-66.51
Earnings From Cont. Operations, 1 Yr. Growth %	-	145.71	1.83T	-98.46
Net Income, 1 Yr. Growth %	-	145.71	1.83T	-98.46
Normalized Net Income, 1 Yr. Growth %	-	128.97	1.1T	-97.58
Diluted EPS Before Extra, 1 Yr. Growth %	-	145.71	147.2	-99.14
Accounts Receivable, 1 Yr. Growth %	-	-	20.68T	-65.22
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	488	32.65
Total Assets, 1 Yr. Growth %	-	-	238.7	-29.99
Tangible Book Value, 1 Yr. Growth %	-	-	-71.78	-46.2
Common Equity, 1 Yr. Growth %	-	-	-71.78	-46.2
Cash From Operations, 1 Yr. Growth %	-	120.22	345.35	-85.52
Capital Expenditures, 1 Yr. Growth %	-	120	248.48	36.52
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	-32.85
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	-31.42
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-57.76	294.87
Gross Profit, 2 Yr. CAGR %	-	-	-46.88	562.99
EBITDA, 2 Yr. CAGR %	-	-	109.25	-27.56
EBITA, 2 Yr. CAGR %	-	-	108.31	-27.48
EBIT, 2 Yr. CAGR %	-	-	108.31	-27.48
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	588.36	-45.43
Net Income, 2 Yr. CAGR %	-	-	588.36	-45.43
Normalized Net Income, 2 Yr. CAGR %	-	-	424.53	-46.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	146.46	-85.39
Accounts Receivable, 2 Yr. CAGR %	-	-	-	750
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	179.28
Total Assets, 2 Yr. CAGR %	-	-	-	53.99
Tangible Book Value, 2 Yr. CAGR %	-	-	-	-61.04
Common Equity, 2 Yr. CAGR %	-	-	-	-61.04
Cash From Operations, 2 Yr. CAGR %	-	-	213.17	-19.71
Capital Expenditures, 2 Yr. CAGR %	-	-	176.89	118.12
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	95.52
Gross Profit, 3 Yr. CAGR %	-	-	-	103.01
EBITDA, 3 Yr. CAGR %	-	-	-	13.42
EBITA, 3 Yr. CAGR %	-	-	-	13.27
EBIT, 3 Yr. CAGR %	-	-	-	13.27
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-9.89
Net Income, 3 Yr. CAGR %	-	-	-	-9.89
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-12.7
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-62.57
Cash From Operations, 3 Yr. CAGR %	-	-	-	12.39
Capital Expenditures, 3 Yr. CAGR %	-	-	-	118.74