Synertec Corporation FY24 Highlights: Growth, Innovation, and Strategic Focus.

Synertec Corporation Limited (ASX: SOP) had a transformative FY24, achieving significant progress in commercializing its proprietary Powerhouse technology and growing its Engineering business. Powerhouse, a zero-emission industrial micro-grid system, has demonstrated 99.9% reliability and zero maintenance callouts, positioning it as a cost-effective alternative to traditional power sources. The Engineering division reported an 11% revenue increase, generating AU$21.2 million through long-term contracts with industrial and government clients, reinforcing its role as a stable financial base and innovation incubator.

Key organizational changes include welcoming Mr. Jan Risseeuw as Chair-elect and transitioning Mr. David Harris to "Head of Technology Solutions" to focus on Powerhouse commercialization. The company secured a AU$15 million debt facility and a AU$7 million share placement to support Powerhouse rollout and other applications. Looking ahead to FY25, Synertec anticipates scaling Powerhouse deployments and securing high-margin engineering contracts, driving growth and shareholder value. The Board remains committed to diversity and strategic leadership.

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