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Aquirian Limited (ASX:AQN)

ALERT: Price-sensitive ASX Announcement for AQN
Current share price for AQN : $0.370 0.01 (2.78%)+
Announcement
Release
22 Oct 2026 8:19AM
Price at Release
$0.360
Full Release
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Summary
Aquirian Limited announced that National Australia Bank has increased the Group’s Master Asset Finance equipment funding capacity from $7.75 million to $25 million, giving the company greater flexibility to acquire fleet and equipment needed to support growth contracts, while keeping the equipment funding terms unchanged. As part of the revised banking arrangements, Aquirian will reduce the commercial loan linked to its Wubin emulsion facility by $3.1 million, lowering that loan from $9.1 million to $6 million, in line with the use of funds from its May 2026 placement. The company reported unaudited cash at bank of $9.5 million at 30 September 2026, down from $11.3 million at 30 June 2026, mainly due to mobilisation costs and working capital associated with starting the Brightstar Lord Byron contract. Aquirian said the NAB facilities support its broader capital-light fleet growth strategy alongside operating leases and mine-owner free-issue rigs, and management said the expanded funding improves confidence in committing to new contracts and bringing equipment into service on schedule.
Key Points
  • NAB increased Aquirian’s equipment funding capacity from $7.75 million to $25 million.
  • The equipment funding facility terms remain on the same basis.
  • Aquirian will reduce the Wubin commercial loan by $3.1 million, from $9.1 million to $6 million.
  • Unaudited cash at bank was $9.5 million as at 30 September 2026.
  • The cash movement during the quarter mainly reflected mobilisation costs and working capital for the Brightstar Lord Byron contract.
  • Funding is available on an asset-by-asset basis as fleet is acquired.
  • Operating leases and mine-owner free-issue rigs provide additional capital-light fleet funding options.
  • The announcement reflects NAB’s continued support for Aquirian’s growth strategy.
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.