Ann: Full Year Statutory Accounts, page-6

Possibly a flicker of light:

Establishment of a 50/50 Joint Venture Agreement (“JVA”) between Carnegie’s 100% owned subsidiary Energy Made Clean Pty Ltd and ASX-listed Lendlease to deploy solar and battery projects around Australia. The JVA provides opportunities to increase EMC’s capacity to bid for and deliver a broader range of solar, battery energy storage systems, and microgrid opportunities within Australia, including increased access to the National Energy Market (“NEM”), leveraging Lendlease Service’s national footprint and staff of 3,000 people across Australia;

• Signed a strategic Memorandum of Understanding with Sumitomo Electric Industries and TNG Limited to collaborate on the promotion, development and growth of Australia’s Vanadium Redox Flow Battery (“VRF”) market. EMC’s main role in this partnership will be to identify specific commercial development project site opportunities, in addition to designing and supplying a compatible balance of plant (likely to include a solar PV farm) to integrate with the VRF containerized system being supplied by component manufacturer Sumitomo, as part of a complete solar and battery demonstration project.

If the lendlease partnership is successful combined with Sumitomo"s knowledge of Vanadium batteries, which for Australian conditions are superior to Lithium, all will be well re share price.

"Strong progress was also made on the development of the CETO 6 wave energy technology".

Positive spin.
IMO (for what it is worth) I think it will be onwards and upwards.