RBR Group’s Revenue Falls to $948k as Net Loss Widens to $1.6M
RBR Group Limited reported an 88% plunge in revenue and a widening net loss for FY2025, impacted by political instability and LNG project delays in Mozambique. The company is investing in facility upgrades and workforce training to position itself for a market rebound.
- 88% revenue decline to $948k in FY2025
- Net loss widens to $1.6 million
- Ongoing political instability delays Mozambique LNG projects
- Share Purchase Plan raises $321k post-year-end
- New Non-Executive Director appointed to strengthen board
Significant Revenue Decline Amid Challenging Conditions
RBR Group Limited has revealed a dramatic 88% drop in revenue for the year ended 30 June 2025, falling from $7.6 million in the prior year to just under $1 million. This steep decline reflects the prolonged political instability and delays affecting major LNG projects in Mozambique, where the company has concentrated much of its operations.
The net loss after tax widened to $1.6 million, up from $876,911 in FY2024, underscoring the financial strain caused by subdued activity in the region. Despite these setbacks, RBR has maintained its strategic focus on Mozambique, continuing to invest in upgrading its Temane facilities and workforce training infrastructure to prepare for the anticipated restart of LNG developments led by TotalEnergies and ExxonMobil.
Operational Resilience and Strategic Investments
During the year, RBR enhanced its core offerings through the Futuro Skills and Field Ready joint venture, delivering innovative workforce-readiness programs including Portuguese-language VR-based health and safety training. These initiatives aim to ensure rapid deployment of trained personnel as LNG projects resume.
The Group also reinvested a $233,000 insurance settlement into facility upgrades, signaling a commitment to operational readiness despite the challenging environment. At year-end, cash reserves stood at $430,000, bolstered by a Share Purchase Plan (SPP) launched to raise up to $650,000 to support ongoing operations, reduce debt, and expand camp services in Australia.
Capital Raising and Board Changes
Post-year-end, RBR completed $321,000 of the SPP, with the remaining shortfall to be placed by CPS Capital Group Pty Ltd on a best endeavours basis. The company also repaid $100,000 of convertible notes, reflecting active management of its debt profile.
In governance developments, RBR appointed Florence Drummond as a Non-Executive Director, bringing valuable international ESG and minerals sector expertise. This appointment follows the resignation of Matthew Worner and aims to strengthen the Board as the company navigates its next phase.
Outlook Amid Improving Market Conditions
Recent signs of stabilisation in Mozambique’s political and economic environment, along with renewed LNG project announcements, offer a cautiously optimistic outlook. RBR is well-positioned to capitalise on these developments, leveraging its upgraded infrastructure and trained workforce to secure new contracts as LNG activity restarts.
However, the company acknowledges material uncertainty regarding its ability to continue as a going concern, dependent on securing additional funding and renegotiating debt terms. Management remains confident in raising necessary capital, supported by key shareholders and a history of successful equity raisings.
Bottom Line?
RBR’s FY2025 results highlight resilience amid adversity, but upcoming capital raises and LNG project progress will be critical to its recovery trajectory.
Questions in the middle?
- How soon will major LNG projects in Mozambique resume, and what contracts might RBR secure?
- What are the terms and timelines for renegotiating the company’s convertible notes and debt?
- How will the new board composition influence RBR’s strategic direction and capital management?
