February 2021

VivoPower announces half-year results to 31 December 2021 and global battery partnership with Tottenham Hotspur

Revenue, GP, and EBITDA decline due to strict COVID-19 lockdowns in Australia

Strategic pivot to enter commercial electric vehicle (EV) market completed with Tembo e-LV acquisition

Completion of 100% purchase of Tembo post-balance date ahead of plan

Execution of transformational $250 million partnership deal with GB Auto in Australia

First sustainable energy solution (SES) deal with Tottenham Hotspur Football Club

Highlights for the half-year ended December 31, 2020 (and key post-balance date events):

  • Group revenue declined 28% due to strict COVID-19 lockdowns in Australia affecting Aevitas business.
  • Group gross profit down 17% year-on-year to $4.6 million, but group gross profit margin up to 20% (from 18%) reflecting efficiency gains.
  • Underlying group-adjusted EBITDA profit of $1.2 million, representing a decline versus $5.5 million in previous corresponding period.
  • Completed equity capital raise in October 2020 raising $28.8 million, including overallotment.
  • Acquisition of 51% of Tembo e-LV B.V. (Tembo) completed on November 5, 2020, with results above only containing two months’ contribution.
  • Completed acquisition of remaining 49% of Tembo post-balance sheet date on February 2, 2021.
  • Consummated landmark partnership deal with GB Auto in Australia worth an estimated $250 million on January 25, 2021.
  • Announced today a marquee deal with London-based Tottenham Hotspur Football Club (Tottenham) to provide a full suite of sustainable energy solutions for Tottenham’s key infrastructure assets.

VivoPower's interim results presentation can be viewed here.

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April 2023

B Corp global investment firm Arowana launches impact-driven venture studio Vivarium

April 2023

Arowana announces spin-off of Alicorn Venture Partners

February 2023

Arowana Wins Bronze for Clean Energy Investment Leader of the Year in The Cleanie Awards 2022

January 2023

Arowana Named the Best Impact Investor in the 2023 Real Leaders Top Impact Awards

December 2022

EdventureCo Announces Rebrand of Corporate ICT and Digital Skills Training Provider DDLS to Lumify Group

November 2022

Utility Vehicle EV Conversion Company Tembo e-LV Launches New Brand and Website

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