AetherGas Energy is raising ZAR 4.8 billion (R1.92bn equity, R0.48bn DFI subordinated and R2.40bn senior project debt) to build a vertically integrated onshore-gas, LNG-liquefaction and liquid-helium export platform with cryogenic logistics — a dual-commodity play on South Africa’s energy transition, scaling toward ZAR 4.6 billion of FY2031 revenue, ZAR 1.95 billion of FY2031 EBITDA and a 65.7% equity IRR at a 7.0x exit. This plan sets out the LNG and helium market analysis, the South African regulatory environment, the Renergen benchmark, the business model and offtake strategy, operations and technology, full financial projections, funding and capital structure, credit and covenant analysis, returns and sensitivities, the investment thesis and an honest account of the key risks and independent findings. Use the contents below to navigate the plan.

Financial snapshot

Two headline charts from the plan. Full projections and all visualisations are in Section 14: Financial Plan & Projections.