[8-K/A] Graphjet Technology Amends Material Event Report

Rhea-AI Filing Summary

On 14 July 2025, Range Resources Corporation (NYSE: RRC) filed a Form 8-K (Item 2.02) disclosing preliminary second-quarter 2025 hedging results.

• Total gain on derivatives: approximately $154.7 million for the three months ended 30 June 2025.
• Net cash receipts from derivative settlements: $31.5 million, broken down as $26.3 million from natural gas, $2.8 million from natural-gas-basis, $1.5 million from NGLs and $0.8 million from oil contracts.

The company emphasized that these figures are preliminary and will be finalized in the forthcoming Form 10-Q and related earnings release. No additional operating metrics were provided.

The sizeable mark-to-market gain and positive cash settlements are expected to enhance reported earnings and liquidity for Q2 2025, although such benefits are inherently volatile and tied to future commodity-price movements.

Positive

• $154.7 million expected derivative gain materially boosts Q2 2025 earnings.
• $31.5 million net cash inflow from hedge settlements strengthens short-term liquidity.

Negative

• Figures are preliminary and subject to revision in the upcoming 10-Q.
• Dependence on derivative gains highlights earnings volatility tied to commodity prices.

Insights

Financial Analyst

TL;DR: $155 M hedge gain and $31 M cash strengthen Q2 earnings and cash flow; one-off in nature.

The disclosed $154.7 million derivative gain could raise Range’s Q2 net income materially, while $31.5 million in cash settlements improves near-term liquidity. Given FY-2024 net income of $1.0-1.2 billion, the gain is meaningful (≈13–15% of annual profit). However, the benefit is non-recurring and reflects commodity-price movements rather than underlying operating improvements. Investors should watch for updated guidance in the forthcoming 10-Q.

Risk Analyst

TL;DR: Positive hedge outcome masks ongoing exposure to price swings; preliminary figures may change.

While the derivative windfall is favorable, it underscores Range’s reliance on hedging to manage price risk. Future quarters could reverse these gains if commodity prices move unfavorably. Moreover, the amounts are preliminary and unaudited, adding modest uncertainty ahead of the formal Q2 release.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

(Amendment No. 1)

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 2, 2025

Graphjet Technology

(Exact name of registrant as specified in its charter)

Cayman Islands		001-41070		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

Lot 3895, Lorong 6D, Kampung Baru Subang

Seksyen U6, 40150 Shah Alam

Selangor, Malaysia

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: +60 018 272 7799

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A ordinary shares, par value $0.0001 per share		GTI		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

This Amendment No. 1 to the Current Report on Form 8-K originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 23, 2025 (the “Original Report”) is being filed solely to clarify, in response to a comment from the SEC’s staff, that the disclosure contained in the Original Report was made pursuant to Item 4.02(a) of Form 8-K.

Except as set forth herein, this Amendment does not modify or update any other disclosures in the Original Report and does not reflect events occurring after the date of the Original Report.

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Item 4.02(a) Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Graphjet Technology (the “Company”) has announced that due to the changes to the Company’s accounting policy, the Company’s board of directors (the “Board”) concluded that the financial statements for the year ended September 30, 2023, which had been previously audited by Adeptus Partners LLC, should no longer be relied on, and such financials have been re-audited and restated (the “Restatement of the 2023 Financial Statements”) by Kreit & Chiu CPA, LLP, the Company’s current accounting firm, who performed the audit of the Company’s financial statements for the year ended September 30, 2024.

The change was a result of a re-evaluation of the relationship between Mr. Liu, the Company’s former Chief Science Officer at the time of the assignment of certain intellectual property to the Company. The Company had previously treated the assignment as an acquisition between third parties and accounted for the intellectual property as a purchase and valued the intellectual property as the cost of the shares issued to Mr. Liu. In retrospect, the Company believes Mr. Liu should have been treated as a key personnel and thus the intellectual property should have been valued at the cost incurred by Mr. Liu to develop such intellectual property in accordance with ASC 850-10-20.

Despite the Restatement of the 2023 Financial Statements, the Company believes that it will be in a position to file its Annual Report on Form 10-K for the year ended September 2024 prior to the hearing on July 17, 2025, granted by the Listing Qualifications Department of The Nasdaq Stock Market LLC, as previously disclosed.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish a copy any of the omitted exhibits or schedules upon request by the SEC.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GRAPHJET TECHNOLOGY
Date: July 14, 2025	By:	/s/ Chris Lai
	Name:	Chris Lai
	Title:	Chief Executive Officer

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FAQ

What derivative gain did Range Resources (RRC) disclose for Q2 2025?

RRC expects a $154.7 million total gain on derivatives for the quarter ended 30 June 2025.

How much cash did RRC receive from hedge settlements in Q2 2025?

The company recorded $31.5 million in net cash receipts from settled derivative contracts.

How are the cash hedge receipts broken down by commodity?

$26.3 M natural gas, $2.8 M natural-gas-basis, $1.5 M NGLs, and $0.8 M oil.

Are the reported figures final?

No. Management stated the numbers are preliminary and will be finalized in the forthcoming Form 10-Q.

What SEC form did Range Resources file on 14 July 2025?

The company submitted a Form 8-K covering Item 2.02 – Results of Operations and Financial Condition.

How might the derivative gain impact RRC’s Q2 earnings?

The sizeable gain will increase reported net income and improve cash flow, though it is non-recurring.