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ARC Funds Limited (ASX:ARC)

ALERT: Price-sensitive ASX Announcement for ARC
Current share price for ARC : $0.066 -0.003 (-4.35%)+
Announcement
Release
30 Apr 2026 5:02PM
Price at Release
$0.069
Full Release
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Summary
ARC Funds Limited released its quarterly activities report and Appendix 4C cash flow statement for the period ending March 2026. The report highlighted a net cash outflow from operating activities of $170,000. Key financial activities included a capital raise of $100,000 and an increase in ownership in The Term Deposit Shop to 74.48%. The company also initiated the sale of non-core assets valued at $350,000. At the quarter's end, cash reserves totaled $900,000, with anticipated funding coverage for over five quarters. Additionally, a $200,000 loan conversion to equity was completed. The board authorized the report, ensuring compliance with ASX requirements.
Key Points
  • ARC Funds Limited reported net cash used in operating activities of $170,000 for the current quarter.
  • Receipts from customers totaled $191,000, while payments for staff and administration costs were significant expenses.
  • The company engaged in a capital raise, issuing new shares to raise $100,000 for working capital and growth opportunities.
  • ARC increased its ownership in The Term Deposit Shop to 74.48% during the quarter.
  • Two non-core assets were proposed for sale, expected to bring in $350,000, which will strengthen the balance sheet.
  • Cash and cash equivalents at the end of the quarter amounted to $900,000.
  • The company converted $200,000 of loan payable to equity, reducing its loan facility balance.
  • ARC anticipates having 5.29 quarters of funding available at the current operating cash flow level.
  • The report was authorized by the Board of Directors and complies with ASX Listing Rule requirements.
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.