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AVADA Group Limited (ASX:AVD)

ALERT: Price-sensitive ASX Announcement for AVD
Current share price for AVD : $0.097 0.01 (11.49%)+
Announcement
Release
30 Apr 2026 8:19AM
Price at Release
$0.087
Full Release
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Summary
AVADA Group Limited reported a strong performance for the quarter ending 31 March 2026, with a 14.9% increase in cash receipts year-on-year due to improved sales and new project wins. The company focused on enhancing its operational model and maintaining financial health through a refinancing agreement with the Commonwealth Bank of Australia, which replaced a $40 million loan with $42.6 million facilities on better terms. Despite increased operating cash outflows linked to growth initiatives, AVADA maintained sufficient liquidity with $16.4 million in unused facilities. Payments to related parties were primarily director fees and superannuation, and there were no significant post-quarter events.
Key Points
  • AVADA Group's cash receipts increased by 14.9% year-on-year.
  • The company secured new projects in Queensland and New South Wales.
  • Operational cash outflows increased due to growth activities.
  • AVADA refinanced debt facilities with the Commonwealth Bank of Australia.
  • Unused financing facilities amounted to $16.4 million at quarter-end.
  • Payments to related parties were $217,329 for director fees and superannuation.
  • No significant events occurred post-quarter ending 31 March 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.