Livium reduces fire provision to nil after settlements

• Livium's subsidiary settled all five legal claims tied to a 2019 facility fire, reducing its remaining fire provision to nil.
• The resolution creates an additional $0.1 million pre-tax non-cash expense for FY26 and a non-cash benefit of $5.5 million for FY27.
• All claim payments were covered by insurers, ensuring no direct cash outflow from Livium.

Livium (ASX:LIT) announced that its insurer settled the final legal claim tied to a January 2019 fire at Envirostream Australia’s former Campbellfield site.

Total settlements across five separate legal claims reached approximately $5.5 million, completely eliminating the company's remaining fire-related provision.

"Given we were indemnified by our insurer, they have controlled the timing and outcome of legal proceedings," said Livium CFO Stuart Tarrant.

The company stated that third-party data required updating its FY26 provision to $5.5 million, which added $0.1 million non-cash expense before tax.

The settlement of all claims releases the full provision, delivering a $5.5 million pre-tax non-cash benefit for the year ending June 30, 2027.

Following the announcement, the Livium share price was unchanged at $0.007.

The company confirmed that its insurer is unaware of any remaining legal proceedings regarding the 2019 fire.

Livium expects to release its audited annual report for the period ended June 30 before the end of September.