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AnteoTech Limited (ASX:ADO)

ALERT: Price-sensitive ASX Announcement for ADO
Current share price for ADO : $0.014 -0.005 (-26.32%)+
Announcement
Release
16 Sep 2026 9:06AM
Price at Release
$0.019
Full Release
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Summary
AnteoTech Limited announced an update to its Appendix 4E - Preliminary Final Report for the financial year ended 30 June 2026, advising that while finalising its FY2026 accounts it identified a non-cash accounting adjustment relating to the lease make-good provision for its premises at 26 Brandl Street, Eight Mile Plains; as a result, the unaudited loss after income tax has been revised from $4,928,074 to $5,375,654, increasing the reported loss by $447,580, with corresponding reductions in right-of-use assets, total assets and net assets, while basic and diluted loss per share moved from (0.17) cents to (0.19) cents and net tangible assets per security from 0.36 cents to 0.35 cents; the adjustment arises because the derecognition of the previous make-good provision, initially recognised in profit or loss, should instead have been recorded as an adjustment to the carrying amount of the related right-of-use asset under Interpretation 1 and AASB 16 Leases; the company emphasised that the change has no impact on cash, cash flows, or third-party obligations, with cash and cash equivalents remaining at $5,700,745 and a $5,500,000 six-month term deposit maturing on 18 December 2026, and noted that the revised figures remain unaudited pending completion of BDO Audit Pty Ltd’s audit ahead of the expected lodgement of the audited financial statements and Annual Report by 30 September 2026.
Key Points
  • AnteoTech issued an update to its Appendix 4E and Preliminary Final Report for the year ended 30 June 2026.
  • The revised unaudited loss after income tax increased by $447,580 from $4,928,074 to $5,375,654.
  • The adjustment reduced right-of-use assets, total assets and net assets by $447,580.
  • Basic and diluted loss per share changed from (0.17) cents to (0.19) cents.
  • Net tangible assets per security changed from 0.36 cents to 0.35 cents.
  • The issue relates to the accounting treatment of a lease make-good provision for the Company’s premises at 26 Brandl Street, Eight Mile Plains.
  • The derecognition of the previous provision should have been recorded against the right-of-use asset rather than through profit or loss.
  • The accounting treatment was revised in line with Interpretation 1 and AASB 16 Leases.
  • The adjustment is non-cash and does not affect cash position, cash flows or obligations to third parties.
  • Cash and cash equivalents remained unchanged at $5,700,745.
  • AnteoTech also held a $5,500,000 six-month term deposit maturing on 18 December 2026.
  • The revised result means the loss decreased by 20% against the prior corresponding period rather than the 27% previously reported.
  • The FY2026 financial statements were still unaudited and subject to finalisation by BDO Audit Pty Ltd.
  • AnteoTech expected to lodge its audited financial statements and Annual Report with ASX by 30 September 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.