Report Publication Announcement • Apr 9, 2025
Report Publication Announcement
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Desert Control AS releases its Annual Report 2024 for the fiscal year ending on 31 December 2024
Sandnes, Norway 9 April 2025
Desert Control today published its Annual Report and Consolidated
Financial Statements. The complete Annual Report 2024 is available in the
attachment and
via the Company's website: https://www.desertcontrol.com/investors.
Accelerating market adoption & commercial traction:
· LNC deployment volumes and revenues more than doubled compared to 2023,
solidifying the foundation for a projected enfold increase in contracted
revenues in 2025.
· First full-scale golf course implementations secured under the Pay-As-You
-Save (PAYS) model with Berkeley and Woodland Hills Country Clubs.
· Oasis Date, with 5000 acres of date farming operations, moves forward to
commercial roll-out for the first 160-acre ranch in the first quarter of 2025.
· Significant growth of licensing revenues in the fourth quarter,
demonstrating the success of the indirect go-to-market model in the Middle
East..
Breakthrough technological advancements:
· The next-generation LNC production system prototype achieved 120,000 liters
per hour capacity, enabling large-scale, cost-effective deployments.
· Full integration with irrigation systems eliminates manual application
constraints and reduces operational costs.
· Advanced formulations now allow LNC production using locally available
water sources with higher salinity, improving scalability in diverse regions.
· Expanded applicability beyond sandy soils, significantly increasing the
addressable market.
Strategic partnerships & global recognition:
· Selected by the United Nations World Food Programme (WFP) Innovation
Accelerator, positioning LNC for large-scale land restoration projects.
· Stronger engagement with regulatory bodies and industry leaders to align
with evolving water conservation policies.
· Saudi Desert Control signed a landmark agreement with Estidama, integrating
LNC into the Kingdom's national sustainability initiatives.
Financial & business model strengthening:
· Transition to scalable revenue streams, combining licensing, direct sales,
and recurring revenue from PAYS contracts.
· Improved cost efficiency and operational resilience, paving the way for
sustainable long-term growth.
· Secured contracts and expanding pipeline position Desert Control for a
projected tenfold increase in contracted revenues in 2025.
Macro drivers fueling growth:
· Rising global water costs and stricter regulatory mandates accelerate demand
for LNC.
· COP16 commitments reinforce the urgent need for scalable desertification and
water conservation solutions.
· Economic pressures on agriculture and urban landscaping sectors strengthen.
10x growth in revenue and deployment:
· Desert Control expects more than a tenfold increase in contracted revenues
and LNC deployment volumes in 2025, driven by pipeline conversion and larger
-scale projects in the U.S. and Middle East.
FINANCIAL PERFORMANCE 2024
[2023 in brackets]
LNC Revenue: NOK 1.88M [NOK 0.89M]
Licensing royalties: NOK 0.29M [NOK 0.00M]
Other income: NOK 0.01M [NOK 17.24M]
EBITDA: NOK -58.18M [NOK -60.05M]
Loss for the year: NOK -54.85M [NOK -65.27M]
Total cash balance 31.12.24 (incl. other current financial assets): NOK 63.57M
[NOK 119.6M]
Equity 31.12.2024: NOK 74.77M (equity ratio: 91,8 %) [NOK 129.07M (equity ratio:
96.7 %)]
Cautionary Note:
Disclaimer related to forward-looking statements. This release contains forward
-looking information and statements relating to the business, performance, and
items that may be interpreted to impact the results of Desert Control and/or the
industry and markets in which Desert Control operates.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "aims," "anticipates," "believes," "estimates,"
"expects," "foresees," "intends," "plans," "predicts," "projects," "targets,"
and similar expressions. Such forward-looking statements are based on current
expectations, estimates, and projections, reflect current views concerning
future events, and are subject to risks, uncertainties, and assumptions, and may
be subject to change without notice. Forward-looking statements are not
guarantees of any future performance, and risks, uncertainties, and other
important factors could cause the actual business, performance, results, or the
industry and markets in which Desert Control operates to differ materially from
the statements expressed or implied in this release by such forward-looking
statements.
No representation is made that any of these forward-looking statements or
forecasts will come to pass or that any forecasted performance, capacities, or
results will be achieved, and you are cautioned not to place any undue reliance
on any forward-looking statements.
For more information, please contact:
Ole Kristian Sivertsen
President and Group CEO
Email: [email protected]
Mobile (NOR): +47 957 77 777
Mobile (USA): +1 650 643 6136
Mobile (UAE): +971 52 521 7049
Leonard Chaparian
Chief Financial Officer
Email: [email protected]
Mobile (NOR): +47 90 66 55 40
About Desert Control:
Desert Control develops innovative solutions to enhance soil health, conserve
water, and promote ecosystem resilience. The company's mission is to combat
desertification, soil degradation, and water scarcity. Our patented Liquid
Natural Clay (LNC) transforms sandy, fast-draining soils to retain water and
nutrients, improving soil health, crop yields, and ecosystem vitality while
conserving water. Desert Control provides customized solutions to strengthen
sustainability, profitability, and prosperity for agriculture, forests, and
green landscapes. In collaboration with partners and clients, we aim to preserve
natural resources, restore biodiversity, enhance food security, and ensure a
climate-resilient future.
For more information, visit https://www.desertcontrol.com
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