New Energy Opportunities Limited (NEO) has held its 2025 Annual General Meeting (AGM), securing full shareholder support for key resolutions that formally align the business toward a clear strategic direction – centred on an acquisition-led growth strategy and a planned ASX IPO in Q4 2025.
The AGM outcomes mark a significant step forward in executing the Company’s long-term vision: to build and acquire scalable, revenue-generating clean energy businesses across electrification, hydrogen, infrastructure, and circular economies.
All proposed resolutions were passed with strong majority support, including:
- Approval of CY24 Financial Statements and Asset Valuation: Confirming a total investment portfolio valuation of $82.6 million, independently reviewed by HLB Mann Judd.
- Authorisation to Issue New Equity: Enabling capital deployment for acquisitions and pre-IPO structuring.
- Name Change from United H2 Limited to New Energy Opportunities Limited (NEO): Reflecting the company’s broader focus across the clean energy value chain.
Invest Now to secure your position in NEO for the IPO in Q4 – 2025
These resolutions now provide a unified corporate mandate to execute on a defined strategy and timetable.
Defined IPO Pathway: Targeting ASX Listing by November 2025
With foundational decisions now ratified, the company is advancing toward an ASX listing with the following indicative timeline:
Acquisition Strategy to Underpin IPO
NEO is progressing two cornerstone acquisitions that will serve as foundational assets ahead of its ASX IPO — both selected for their infrastructure scale, strategic relevance, and forward earnings profile.
The first is a Battery Giga Factory focused on manufacturing advanced Lithium Iron Phosphate (LFP) batteries for residential, commercial, and utility-scale storage.
Key points:
- Based in the Asia-Pacific region, the facility provides a cost-competitive alternative to China-dominated supply chains.
- The business is currently operating with a significant sales pipeline and is expected to deliver $154 million in revenue and $17 million EBITDA by FY28.
- NEO intends to invest $15 million to expand production capacity and support market entry into Indonesia, Vietnam, and the United States.
The second acquisition is an established EV Charging Network.
Key points:
- NEO will acquire 11% of the Target for A$20m.
- Over 880 fast-charging plugs installed across 312 locations, including high-traffic retail, petrol, government, and airport sites.
- With long-term site leases and proprietary customer experience software, the business already commands 25% market share.
- It is forecast to grow to 1,200 charging plugs by 2026.
- By FY28, the EV Charging Network is projected to generate $102 million in revenue and $30 million EBITDA, providing NEO with significant exposure to the accelerating electrification of transport.
Together, these assets will strengthen NEO’s infrastructure footprint and provide a strong earnings profile ahead of listing.
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All Resolutions Passed
