Financial Performance - The company reported a loss after tax of $79.2 million in FY23, compared to a loss of $47.8 million in FY22, largely due to higher finance and capital raising costs[832]. - Net cash used in operating activities increased to $52.5 million from $46.0 million, with customer receipts rising by $12.1 million and government grants by $11.7 million[807]. - The Group projects to raise approximately US$27.5 million (A$42.3 million) through the partial use of its US$60 million (A$92.3 million) Capital Equity Facility (CEF) over the next 12 months[905]. - The Company projects net cash outflows from operating activities of approximately US$70.5 million, with net cash inflows from financing activities of US$33 million[871]. - The Group has deferred total payments of $8.9 million to suppliers, with payments required to be made in November 2023[909]. - The Company is not yet profitable and does not expect to generate positive net operating cash flows in the next 12 months[912]. - A material uncertainty exists regarding the Group's ability to continue as a going concern, which may affect asset realizability and liability discharge[913]. Debt and Financing - The total amount borrowed under the New Debt Program is US$60 million (A$90.1 million), with US$13.1 million deducted for costs and US$9.9 million used to repay previous lenders[821]. - Adjusted debt increased by $50.1 million to $50.4 million in FY23, primarily due to the New Debt Program[835]. - The New Debt Program includes financial covenants requiring minimum cash available and EBITDA thresholds, with potential breaches forecasted for February 2024 and August 2024[882]. - Carbon Revolution entered into a New Debt Program with a term loan of USD 60 million (AUD 90.1 million) at an interest rate of 8.5%[928]. - Principal repayments for the new loan will commence in December 2024, with monthly repayments of USD 2 million[928]. - The company has incurred costs of USD 20.6 million related to the establishment of the term loan, which are being amortized over the loan term[935]. Operational Developments - The first phase of the Mega-line was commissioned and is producing customer wheels, with production rates steadily increasing[819]. - The company has thirteen active awarded programs with five global OEMs, with six currently in production and seven in development[824]. - The company aims to reduce cash burn by minimizing operating and capital expenditure while expanding production capacity[837]. - The Company plans to launch new programs, including wheels for JLR Range Rover Sport SV and Ford Mustang Dark Horse, while raising sufficient funds to support growth[852]. - The company anticipates strong demand for its wheels and expects production rates to rise as global automotive supply chain issues are resolved[829]. - The Company expects to reduce the direct cost per wheel from $2,658 in FY23 to approximately $1,500 in the long term due to the operational Mega-line expected in 2025[924]. - The Company is subject to various testing and validation procedures for its wheel products, developed in conjunction with customers[874]. Investment and Shareholder Information - The Company entered into OIC Documents with OIC Investors, resulting in initial gross proceeds of US$35 million (A$54.7 million) from the issuance of Preferred Shares and OIC Warrant[846]. - An additional US$35 million (A$54.7 million) is available in escrow, with up to US$40 million (A$62.5 million) in aggregate proceeds contingent on further conditions for future manufacturing facility development[846]. - The OIC Warrant allows OIC to purchase up to 543,918 Ordinary Shares at an exercise price of US$0.01 per share[846]. - The Preferred Shares carry a fixed dividend rate of 12% per annum, payable quarterly in cash or additional shares at the Company's discretion[876]. - The Company has allocated US$15.5 million (A$23.2 million) into reserve funds, with specific amounts scheduled for release based on conditions met[856]. - The Company has issued US$35 million (A$54.7 million) of Preferred Shares to OIC, with US$35 million (A$54.7 million) in gross proceeds received[892]. Market and Risk Factors - Carbon Revolution's exposure to foreign currency risk is primarily related to its USD-denominated term loan and sales from new wheel programs scheduled to commence production in H2 2024[633]. - The Group's ability to raise further capital is subject to consent from OIC, which may restrict the Company's business activities[898]. - Management is seeking an extension of time to complete a project under a government grant agreement due to delays in compliance with expenditure requirements[934]. - The company actively reviews its funding position to ensure adequate facilities are maintained for current and anticipated needs[639]. - The company has a compound annual growth rate of 14.8% for wheel volume[934].

-  Achieved Record Full Year Revenue of US$47.3 million, up 87% year-over-year-  Makes substantial progress on operational and liquidity actions GEELONG, Australia, May 14, 2025 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced fiscal 2024 results for the period ended June 30, 2024. Full year revenue was a record US$47.3 million, up 87% year-ove ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF T ...

Core Viewpoint - Carbon Revolution plc, a leading manufacturer of lightweight carbon fiber wheels, will hold a conference call on May 15, 2025, to discuss its fiscal 2024 results [1][2]. Group 1: Company Overview - Carbon Revolution plc (Nasdaq: CREV) is a Tier 1 automotive supplier specializing in the advanced manufacture of carbon fiber wheels for the global automotive industry [4]. - The company has transitioned from producing single prototypes to designing and manufacturing lightweight wheels for high-performance, premium, and luxury vehicles [4]. - Carbon Revolution aims to create a sustainable advanced technology business that supplies its innovative wheel technology to automotive manufacturers worldwide [4]. Group 2: Conference Call Details - The earnings press release will be issued after market close on May 14, 2025, and will be available on the company's investor website [2]. - The conference call can be accessed via the internet or by telephone, with specific numbers provided for domestic and international callers [2]. - A replay of the conference call will be available from May 15, 2025, until May 29, 2025, with access details provided [3].

Core Viewpoint - Carbon Revolution plc has appointed Donnie Hampton, Jr. as the Acting Chief Executive Officer, bringing extensive experience in the automotive supply industry to lead the company into its next growth phase [1][2][3]. Company Leadership - Donnie Hampton, Jr. has over three decades of experience with Tier 1 automotive suppliers, including roles at Maxion Wheels and Pace Industries, which positions him well to drive Carbon Revolution's operational excellence and expansion [2][4]. - Bob Lutz, Chairman of the Board, emphasized Hampton's expertise in global manufacturing and his hands-on experience, making him an ideal leader for the company [3]. Company Growth and Strategy - Under the previous CEO Jake Dingle, Carbon Revolution transitioned from a research-focused startup to a leading supplier of carbon fiber wheels, setting the stage for future growth [5][6]. - The company aims to leverage Hampton's experience to enhance its operations and expand its customer base in the global automotive market [3][6]. Product and Market Position - Carbon Revolution specializes in the advanced manufacture of lightweight carbon fiber wheels, targeting high-performance, premium, and luxury automotive segments [7]. - The company has successfully moved from prototype development to mass production, establishing itself as a significant player in the automotive industry [7].

Core Points - Carbon Revolution plc, a leading manufacturer of lightweight carbon fiber wheels, announced the release of an additional US$5 million from a previously announced US$25 million facility, bringing the total released to US$15 million [1][2] - The company also received a further US$400,000 from existing loan reserves, increasing the total reserves released to US$1.2 million out of an agreed US$2 million [1][2] - The funding is aimed at supporting the company's liquidity and meeting the demand from OEM customers, with new programs expected to enter production soon [2] Financial Overview - The total additional funding from Orion Infrastructure Capital and existing noteholders amounts to US$27 million [2] - The company has not guaranteed the ability to receive the remaining US$10 million from the US$25 million facility [2] Company Background - Carbon Revolution plc is the parent company of Carbon Revolution Pty Ltd, which specializes in the advanced manufacture of carbon fiber wheels for the automotive industry [4] - The company has transitioned from producing single prototypes to manufacturing lightweight wheels for high-performance, premium, and luxury vehicles for prestigious automotive brands [4]

Core Points - Carbon Revolution plc, a leading manufacturer of lightweight carbon fiber wheels, received an exception from Nasdaq allowing it until May 14, 2025, to file its Annual Report on Form 20-F for the year ended June 30, 2024 [1][2] - The company's securities will remain listed and traded on Nasdaq during this exception period, provided the report is filed by the deadline and compliance with Nasdaq's listing rules is maintained [1] Company Overview - Carbon Revolution plc is the parent company of Carbon Revolution Pty Ltd, which specializes in the advanced manufacture of carbon fiber wheels for the global automotive industry [3] - The company has transitioned from producing single prototypes to designing and manufacturing lightweight wheels for high-performance, premium, and luxury vehicles for prestigious automotive brands [3] - Carbon Revolution aims to establish a significant and sustainable advanced technology business by supplying its lightweight wheel technology to automotive manufacturers worldwide [3]

Core Viewpoint - Carbon Revolution plc has announced the release of an incremental US$5 million from a previously announced US$25 million facility, aimed at supporting the company's liquidity and capacity expansion to meet OEM customer demand [1][2]. Funding and Financial Structure - The total funding released from the US$25 million facility now amounts to US$10 million, with an additional US$400,000 released from existing loan reserves, bringing the total reserves released to US$800,000 out of an agreed US$2 million [1][2]. - The company will issue penny warrants to OIC and Existing Noteholders, allowing them to purchase shares equal to 5.0% of the company's outstanding shares [1]. Business Operations and Strategy - The incremental funding is intended to support ongoing liquidity and fund substantial investments in capacity and throughput, with new programs expected to enter production soon [2]. - The company is actively working to file its Annual Report to regain compliance with Nasdaq Listing Rule 5250(c)(1) [3]. Company Overview - Carbon Revolution plc is a leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, supplying to high-performance, premium, and luxury automotive brands [4].

Core Viewpoint - Carbon Revolution plc has secured an additional US$25 million financing agreement with Orion Infrastructure Capital to support its liquidity and production capacity as it meets demand from OEM customers [1][3][11] Group 1: Financing Details - The new financing will be released in five tranches of US$5 million each, contingent upon meeting specific conditions [1] - This financing is part of a larger US$110 million funding agreement with OIC, which includes US$70 million already drawn and allows for up to US$40 million in additional funding [2] - Existing Noteholders have agreed to release up to US$2 million of existing loan reserves in conjunction with the OIC funding tranches [2] Group 2: Business Operations and Strategy - The incremental funding is aimed at enhancing the company's liquidity and supporting ongoing investments in capacity and throughput [3][11] - Carbon Revolution is focused on launching new programs and increasing production efficiency, positioning itself as the only company capable of producing carbon fiber wheels at scale [4][11] - The company has transitioned from prototype development to manufacturing lightweight wheels for high-performance and luxury automotive segments [5]

Core Points - Carbon Revolution plc, a leading manufacturer of lightweight automotive carbon fiber wheels, announced the release of the full US$35 million escrowed facility from OIC, which will support operations and capacity investments [1][2][3] - The company is in discussions with OIC for potential additional funding of up to US$40 million for future manufacturing facility or upgrades, contingent on meeting performance milestones [3] Group 1 - The release of US$5 million completes the total US$35 million funding from OIC, which was initially escrowed during the business combination closure in November 2023 [1][3] - The proceeds from the OIC investment will be utilized for operational funding and capacity expansion in the near term [2] - Carbon Revolution is currently exploring additional financing options with OIC to address liquidity needs and support ongoing operations [3] Group 2 - Carbon Revolution plc is the parent company of Carbon Revolution Pty Ltd, which specializes in the advanced manufacturing of carbon fiber wheels for high-performance and luxury automotive segments [4] - The company has transitioned from prototype development to mass production of lightweight wheels for prestigious automotive brands globally [4]