Janus Electric Holdings Limited
ASX Preliminary Final ReportFor the financial year ended 30 June 2025
Lodged with ASX under listing rule 4.3A
#12967136v1
Appendix 4E 2
Consolidated Statement of Profit or Loss and Other Comprehensive Income 8
Consolidated Statement of Financial Position 9
Consolidated Statement of Changes in Equity 10
Consolidated Statement of Cash Flows 11
Notes to the Financial Report 12
PRELIMINARY FINAL REPORT FINANCIAL YEAR ENDED 30 JUNE 2025 JANUS ELECTRIC HOLDINGS LIMITED ABN 55 095 006 090 Results for announcement to the market
FY25 FY24 Change Change $ $ $ % | ||||
Revenue from ordinary activities | 1,702,526 | 2,990,331 | (1,287,805) | (43%) |
Loss from ordinary activities after tax attributable to | (8,720,648) | (4,505,925) | (4,214,723) | 94% |
members | ||||
Net loss for the period attributable to members | (8,720,648) | (4,505,925) | (4,214,723) | 94% |
NTA backing | FY25 | FY24 |
Net tangible asset backing per ordinary security | $ 0.045 | $ (0.135) |
Brief explanation of any of the figures reported above:
The net loss for the period of $8,720,648 was a 94% deterioration over the corresponding period with the main drivers explained in the Financial Review section below. Revenue from ordinary activities was down 43% YoY primarily due to the battery re-call that caused a significant disruption to the usage of customer vehicles as new battery monitoring and risk mitigants were installed. Customer revenues picked up in H2 FY2025 from higher operating cycles and usage flowed through. Conversions were slow in H1 FY2025 as Janus focussed on the re-call and raising capital to execute on its growth plan. Revenues have made a noticeable
improvement in H2'25. The key areas of revenue improvement was in conversions that reached $697,395, Battery Hire charges that reached $256,787 alongside Energy consumption revenue of $153,983.
Details of associated entities On 9 May 2025, following shareholder approval, the Company announced its change of name from ReNu Energy Limited (ReNu) to Janus Electric Holdings Limited and its ASX ticker code from RNE to JNS. The effective date for the change of company name and ticker code on the ASX was 14 May 2025. | ||
Entity | Ownership | Comments |
Janus Electric Holdings Limited | Reporting entity | Previously ReNu Energy Limited |
Janus Electric Pty Ltd | 100% | Acquired during the period (Previously Janus Electric Limited) |
Janus Energy Pty Ltd | 100% | Acquired during the period |
Janus Inc. | 100% | Acquired during the period. USA incorporated |
World.Net Services Limited | 90% | Acquired during the period |
ACN 646 409 798 Pty Ltd | 100% | Previously Countrywide Hydrogen Pty Ltd |
ACN 624 400 291 Pty Ltd | 100% | Previously Countrywide Renewable Energy Pty Ltd |
The legal acquisition of Janus Electric Pty Limited during the period is accounted for as a reverse acquisition under the Australian Accounting Standards. The accompanying financial report reflects the ongoing operations of Janus Electric Pty Limited and acquisition of ReNu Energy Limited as of 14 May 2025. | ||
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2023 Annual Report
Appendix 4E
Dividends
The Directors do not propose to recommend the payment of a dividend in respect of the period.
This report is based on accounts that are in the process of being audited.
Tony FayChair of Risk and Audit Committee 29 August 2025
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Principal activities
Janus is focused principally on converting diesel trucks to electric using its patented battery-swap systems, manufacturing batteries and charging stations, and generating multiple revenue streams through truck conversion fees, battery hire fees, electricity usage fees and subscription fees for access to the Janus Ecosystem. This comprehensive approach provides an electric solution tailored for fleet operators seeking sustainable, cost-effective alternatives in heavy transport.
Significant changes in the state of affairsDuring the financial period, ReNu Energy Limited (ReNu) and its subsidiaries (ReNu Group) pivoted its strategic direction to pioneering the electrification of heavy road transport through the reverse takeover (RTO) of 100% of Janus Electric Pty Ltd (Janus Electric) and the divestment of the ReNu hydrogen business division. To this end, significant changes in the state of affairs of the ReNu Group during the financial period (in chronological order) were:
On 28 November 2024 ReNu requested the ASX to suspend its securities from quotation pending an announcement of a proposed transaction (i.e. the RTO) and re-compliance with the ASX listing rules - the suspension and re-compliance were necessary due to the RTO being a significant change in the nature and activities of the ReNu Group under ASX listing rules.
On 24 December 2024 ReNu sold its legacy geothermal assets for a headline consideration of $700,000.
On 6 February 2025 ReNu entered into an Asset Sale Agreement, subject to shareholder approval, to divest its hydrogen business division.
On 19 February 2025 ReNu announced the RTO through entering into a Share Purchase Agreement, subject to shareholder approval, to acquire 100% of the issued share capital of Janus Electric.
On 28 March 2025, at a meeting of shareholders, ReNu received shareholder approval for the sale of the hydrogen business division and RTO of Janus Electric.
On 4 April 2025 ReNu completed the sale of the hydrogen business division.
On 11 April 2025 ReNu completed a consolidation of its issued capital on the basis of every 200 ordinary shares on issue being consolidated into 1 share.
On 13 May 2025 the existing Board of ReNu stood down and the Company appointed four new Directors to the Board
(as approved at the 28 March 2025 shareholders' meeting).
On 14 May 2025 ReNu completed the RTO of Janus Electric.
On 14 May 2025 the Company changed its name from ReNu Energy Limited to Janus Electric Holdings Limited and its ASX ticker code from RNE to JNS.
On 14 May 2025 the Company completed a successful capital raise of $8.8 million under prospectus.
On 21 May 2025 the Company successfully relisted following the completion of its re-compliance with the ASX listing rules, with reinstatement to quotation on the ASX occurring under the ASX code JNS.
Subsequent to year end, the Company signed a Memorandum of Understanding (MOU) with EVUNI Pte Ltd (EVUNI) for exclusive distribution and deployment of Janus' technology in Africa. The MOU contemplates a principal investment by EVUNI of up to $5 million in Janus at $0.20 per share, structured in tranches linked to the execution of a binding Distribution and Licence Agreement and the delivery of technology to the region: (i) $3.5 million (Initial Investment) on signing a Distribution and Licence Agreement; and (ii) $1.5 million (Subsequent Investment) on first delivery of the Janus Conversion Module to the African Region.
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