Charisma Energy Services reviews its financial period, revealing a profound shift in its financial health. Following a comprehensive restructuring, including a debt compromise and scheme of arrangement, the Group successfully transitioned from a net liability position to a net asset position. Revenue from Sri Lankan hydro operations decreased due to lower rainfall, but the company has resumed trading and secured a long-term agreement for a new solar project.
 
• The completion of the debt restructuring led to the full satisfaction and complete discharge of substantial Group liabilities
 
• The core operations are highly sensitive to weather conditions, with forecasts warning of a higher probability of below-average rainfall
 
• The Group is strategically expanding into solar energy in Sri Lanka via a long-term power purchase agreement for a proposed new plant

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