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ASF Group Limited (ASX:AFA)

ALERT: Price-sensitive ASX Announcement for AFA
Current share price for AFA : $0.063 0.006 (10.53%)+
Announcement
Release
30 Apr 2026 2:46PM
Price at Release
$0.057
Full Release
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Summary
ASF Group Limited's Quarterly Activities and Cash Flow Report for the quarter ended 31 March 2026 highlights a series of strategic financial activities and investments. ASF executed a Debt to Equity Conversion Deed with Rey Resources Pty Ltd, resulting in the acquisition of equity in Rey Surat Gas Pty Ltd. The company also maintained a significant cash balance and engaged in various investments with entities like ActivEX Limited and Key Petroleum Limited. Additionally, ASF Capital, a subsidiary, is exploring digital currency exchange services, while ASF Technologies developed a unique engine design. The report outlines ASF's cash flow activities, including cash from operating, investing, and financing activities, and provides insights into their financial strategy moving forward.
Key Points
  • Executed a Debt to Equity Conversion Deed with Rey Resources Pty Ltd.
  • Maintained a cash balance of approximately $1.561 million as of 31 March 2026.
  • Investments in ActivEX Limited and Key Petroleum Limited.
  • ASF Capital exploring digital currency exchange services.
  • ASF Technologies developed a patented engine design.
  • Quarterly net cash used in operating activities was $(326,000).
  • No new financing activities were undertaken during the quarter.
  • Payments to related parties included consulting and director fees.
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.