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Anagenics Limited (ASX:AN1)

ALERT: Price-sensitive ASX Announcement for AN1
Current share price for AN1 : $0.007 0.001 (16.67%)+
Announcement
Release
25 Feb 2026 8:48AM
Price at Release
$0.006
Full Release
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Summary
Anagenics Limited announced its financial results for the first half of fiscal year 2026, showcasing a significant turnaround to a maiden profit of $127k compared to a $464k loss in the same period of the prior year. This improvement follows a restructuring that resulted in a 90% revenue retention, a 280 basis point increase in gross profit margin, and a 44% reduction in operating expenses. The company also reported enhanced cash flows, with the operating cash outflow reduced by half compared to the previous year. Significant cost savings were achieved through the disposal of non-core business units and exiting their Clarence Street office lease. Anagenics successfully raised $2.25 million through a two-tranche equity raise, with the funds earmarked for brand expansion and strategic opportunities. A key growth development included a strategic agreement with York Street Brands, yielding $500k in royalties in the first half. The management remains focused on sustaining profitability for the benefit of shareholders.
Key Points
  • Anagenics reported a maiden profit of $127k in 1H FY26, reversing a $464k loss from 1H FY25.
  • Revenue retention of 90% and gross profit margin improvement by 280bps.
  • Operating expenses reduced by 44% following restructuring.
  • Operating cash outflow significantly reduced to $0.6m from $1.2m.
  • Annualized cost savings of $2.5m achieved via business unit disposals.
  • Exited an office lease at Clarence Street, saving an additional $100k.
  • Successfully completed a $2.25m equity raise for brand expansion.
  • Agreement with York Street Brands generated $500k in royalties.
  • Focused on long-term profitability for strategic partners and shareholders.
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.