Energy Technologies : EGY Appendix 4D and HY Financial Report 31 December 2021

Appendix 4D

Half Year report

Period Ending 31 December 2021

Rule 4.2A.3

only

APPENDIX 4D

Half Year report

1. Company Details

use

Name of entity

Energy Technologies Limited

ABN or equivalent company

Reporting Period ('current

Previous corresponding period

reference

period')

('previous period')

38 002 679 469

31 December 2021

31 December 2020

personal

2. Results for announcement to the market

%

$A'000

2.1Revenues from ordinary activities

Up

15%

to

5,994

2.2Loss from ordinary activities after tax

Down

38%

to

(5,059)

attributable to members

2.3Loss for the period attributable to

Down

38%

to

(5,059)

members

2.4Dividends

Amount per

Franked amount

security

per security

For

Final dividend

-¢

-¢

Interim dividend

-¢

-¢

2.5Record date for determining entitlements to

No dividend proposed or paid.

the dividend

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Appendix 4D Page 1

Appendix 4D

Half Year report

Period Ending 31 December 2021

Brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood

REVIEW AND RESULTS OF OPERATIONS

Half-year results

onlyThe consolidated net loss after tax and excluding minorities of the Group for the half year ended 31 December 2021 was $5,059,102 (31 December 2020 Loss was $3,657,918).

EGY's wholly owned subsidiary Bambach Wires and Cables Pty Ltd (the company) reported a loss after tax of $4,421,684 compared to December 2020 Half Year loss of $3,099,553.

During the period, the company experienced a good start to the half but was greatly impacted by the Eastern Seaboard lockdowns which affected trading from September through November. The company did complete a capital raising in September which allowed it to greatly increase stock inventory in anticipation of the COVID lockdowns easing. This allowed the company to have readily available stock to sell into channels through the normal quiet

useperiod of Christmas. A further set back occurred when Omicron case loads increased which put a focus on staff management as isolation days became problematic. Again, due to the restructuring in October, the company had the ability to move quickly and add extra human resources where it needed. As a result of this, the company did experience the inability to deliver contract and project worth to its full capacity but subsequent to the half year period, the company has been able to capitalise through these changes and has seen sales, through now two shifts, bounce back in the third week of January.

No income has been accrued for the half year to 31 December 2021 for R&D Grant personal(December 2020: $NIL).

EGY announced on 20 September 2021 a capital raising of up to $11 million, comprising a non-renounceable $11 million Rights Issue, underwritten to $6 million at an issue price of $0.11 per share. On 14 October 2021 EGY confirmed that the Rights Issue closed raising $10,272,007. A subsequent shortfall placement of $727,993 resulted in the Company raising $11,000,000 in total before capital raising costs.

For

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Appendix 4D Page 2

Appendix 4D

Half Year report

Period Ending 31 December 2021

only	3.1 Net Tangible Assets per	Current period	Previous
security		corresponding
		period
	Net tangible assets per security.
	Intangible assets have been
	excluded from the calculation of
	net tangible assets per security.	4.96 cents	4.28 cents

4. Details of entities over which control has been gained or lost during the period

use	4.1 A	Name of entity
	N/A
4.2 A	Date from which control was gained
4.3 A	Where material to an understanding of the
personal		the reporting entity's profit from ordinary
		report - the contribution of such entity to the
		reporting entity's profit from ordinary
		activities during the period and the profit or
		loss of such entities during the whole of the
		previous corresponding period
4.1 B	Name of entities	N/A
4.2 B	Date from which control was lost
4.3 B	Where material to an understanding of the
		report - the contribution of such entities to
For		activities during the period and the profit or
	loss of such entities during the whole of the
	previous corresponding period

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Appendix 4D

Half Year report

Period Ending 31 December 2021

5. Details of Individual and Total Dividends

For personal use only

			Date	Amount	Franked	Amount
		dividend	per	amount	per
			is	security	per	security
			payable			security	of foreign
						at 30%	source
						tax	dividend
	Dividend 1			¢		¢	¢
Total dividend per security:
			Current year		Previous year
Ordinary securities		¢			¢
Preference securities		¢			¢

6. Dividend reinvestment plan

Details of any dividend reinvestment plans in operation:

None

The last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan:

N/A

7. Details of Associates and Joint Ventures:

Name of entity	Percentage holding	Percentage holding
	31/12/21	31/12/20

7.1 Where material to an understanding of the report - aggregate share of profits (losses) of these entities, details of contributions to net profit for each of these entities, and with comparative figures for each of these disclosures for the previous corresponding period:

N/A

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Appendix 4D Half Year report Period Ending 31 December 2021

For personal use only

8. For foreign entities, details of origin of accounting standards used in compiling the report (e.g. International Financial Reporting Standards)

Dulhunty Engineering Limited (formerly Dulhunty Power International Limited) adopts Australian Accounting Standards.

9. For all entities, if the accounts contain an independent audit report or review that is subject to a modified opinion, emphasis of matter or other matter paragraph, a description of the modified opinion, emphasis of matter or other matter paragraph:

Emphasis of Matter paragraph in relation to Going Concern.

Signed on behalf of the Board of Directors:

Brian Jamieson

Chairman

25 February 2022

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