Australian Renewable Fuels Limited announced that Mr. Philip Garling and Mr. Michael Iwaniw will retire from the board. Mr. Garling and Mr. Iwaniw retirements will take effect from 29 August 2014. The board also announced the appointment of Mr. Alan Fisher to the board effective 29 August 2014. The board has also appointed Mr. Fisher as Non-Executive Chairman of the company. Mr. Fisher has previously held the position of Chief Executive Officer of Pental Limited, during which time he was instrumental in its successful restructuring. He was also the Managing Director of HRL Limited, which involved a successful restructuring; and was a Corporate Finance Partner of Coopers & Lybrand.

The company reported audited consolidated and parent earnings results for the year ended June 30, 2014. For the year, on consolidated basis, the company's revenue from operations was AUD 71,234,965 compared to AUD 58,592,368 a year ago. Loss before tax was AUD 5,581,590 compared to profit before tax of AUD 2,246,621 a year ago. Loss was AUD 5,581,590 compared to profit of AUD 2,246,621 a year ago. Loss attributable to owners of the parent was AUD 5,531,949 compared to profit attributable to owners of the parent of AUD 2,302,590 a year ago. Basic and diluted loss per share from continuing operations was AUD 0.13 compared to earnings of AUD 0.08 a year ago. Net cash provided by operating activities was AUD 3,887,516 compared to net cash used in operating activities of AUD 6,190,330 a year ago. Payments for plant and equipment were AUD 670,567 compared to AUD 417,879 a year ago. EBITDA was AUD 1,561,153 compared to AUD 5,862,638 a year ago.

For the year, on parent basis, the company's loss was AUD 3,948,623 compared to AUD 8,553,061 a year ago.