Vast Renewables H1 2025 Revenue $6.6M, Consisting Of Grant Revenue

Benzinga2025-03-01

Financial Metrics for Six Months Ended December 31, 2024

Total revenue of $6.6 million, consisting of grant revenue
Available cash and equivalents of $6.9 million
Net loss of $5.7 million primarily attributable to the business engaging more engineers and project consultants to deliver studies and basic design of "VS1" (a 30 MW / 288 MWh reference CSP plant located in Port Augusta, South Australia)
Total diluted common shares outstanding as of December 31, 2024 of 29,973,504

Vast Renewables Limited ("Vast" or the "Company") (NASDAQ:VSTE), a renewable energy company specializing in concentrated solar thermal power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced operational and financial results for the first half of the Company's fiscal 2025, comprising the six months ended December 31, 2024.

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