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Axtec Limited (ASX:AXI)

ALERT: Price-sensitive ASX Announcement for AXI
Current share price for AXI : $0.014 0 (0%)+
Announcement
Release
27 Feb 2026 11:09AM
Price at Release
$0.014
Full Release
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Summary
Axtec Limited, formerly known as Axiom Properties, released its half-yearly report for the period ended 31 December 2025. The company reported a comprehensive loss of $2.985 million, reflecting a 24% increase from the previous period. The financial report highlighted a transition to a pure-play real estate focused PropTech business, ceasing segment level reporting after lifecycle activities at Glenlea Estate. The company issued new shares to raise capital, resulting in a total of 524,613,658 shares issued by the end of the period. The financial position shows total assets of $13.006 million and liabilities of $6.621 million. Key challenges include ongoing losses and a material uncertainty about the company's ability to continue as a going concern, although management is confident in raising additional funds and reducing costs if necessary.
Key Points
  • Axtec Limited reported a comprehensive loss of $2.985 million for the half-year ended 31 December 2025.
  • The company transitioned to a PropTech business focusing on real estate, ending segment reporting for Glenlea Estate.
  • New shares were issued, increasing the total to 524,613,658 shares.
  • As of 31 December 2025, the company had total assets of $13.006 million and liabilities of $6.621 million.
  • Management acknowledged a material uncertainty about continuing as a going concern but remains confident in its financial strategies.
  • No revenue from ordinary activities was reported for the current period, compared to $3.243 million in the previous period.
  • The company highlighted an operational and strategic review aimed at focusing on real estate.
  • Convertible notes were issued to refinance existing debt facilities with a maturity date extended to March 2026.
  • The financial report indicates a net tangible asset backing of 0.73 cents per security, down from 1.18 cents.
  • The interim financial report was approved by the board and no dividends were declared for the period.
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.