Energy Action Limited (AU:EAX) has released an update.
Energy Action Limited reports a robust financial status in its latest quarterly update, boasting a positive cash flow from operations of $0.66 million, an increase in cash balance, and a considerable reduction in debt after repaying $1.9 million to the Commonwealth Bank of Australia. The company has also raised funds through a rights issue and converted part of its subordinated debt to equity, improving its balance sheet and focusing on growth by investing in its AI-driven platform, Utilibox. With these strategic financial moves, Energy Action is strengthening its market position and continuing to serve Australian businesses with energy procurement, carbon management, and solar solutions.
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