Simble Solutions Limited (ASX:SIS) Announces 2024 Operational Highlights and Strategic Partnerships
Operational Highlights
Simble Solutions Limited reported substantial progress in 2024, expanding its customer base through partnerships with Intellihub and the Royal Automobile Association. By the end of 2024, Intellihub managed nearly 6,000 meters, reaching 7,000 by April 2025. The launch of Simble Academy in August provided Carbon Accounting courses to enhance carbon management awareness. In September, the company partnered with Coriolis to offer real-time ESG scorecards in the Australian and Asia Pacific markets. Additionally, SimbleSense gained traction in the UK convenience and small business sectors, culminating in a strategic partnership with Nisa, making SimbleSense the default energy management platform for Nisa’s 4,000 convenience store locations.
Strategic Partnerships
In 2025, Simble integrated its CarbonView App with MYOB Acumatica, making it available on the MYOB App Marketplace. The company also signed a Memorandum of Understanding with Aquarsolium to deliver advanced smart water metering solutions and partnered with Ireland’s The Noledge Group to extend Simble’s platforms to Sage and Netsuite customers in Ireland and the UK. These collaborations aim to enhance energy and carbon management for businesses, driving smarter environmental and financial decisions.
Renewable Energy Projects
Simble is advancing its renewable energy initiatives with the Gladstone Green Industry Park, a strategic cooperation and lease agreement for an 830-hectare site on Curtis Island, Gladstone. This project includes the development of solar, hydrogen, storage, and advanced manufacturing infrastructure. Additionally, Simble is finalizing consulting agreements for two solar and battery farms in NSW, projected to generate $100k to $300k in energy consulting revenues per project.
Executive Comments
CEO Fadi Geha stated, “I would like to thank our team for their constant hard work, focusing on the commonly understood goal of growing the business to the point of cash flow breakeven and then profitability and great success. The team continues to pursue their daily work with dedication and perseverance, and with the firm belief that we have great products and can build a successful business in the year ahead.”
Geha also expressed his gratitude, adding, “I also wish to sincerely thank my executive team and my fellow directors for their hard work and focused determination during the 2024 year and into 2025. I would particularly like to thank Steve Thornhill for his stewardship and leadership as Chairman during the year.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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