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Axtec Limited (ASX:AXI)

ALERT: Price-sensitive ASX Announcement for AXI
Current share price for AXI : $0.010 -0.01 (-50%)+
Announcement
Release
30 Apr 2026 4:19PM
Price at Release
$0.020
Full Release
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Summary
Axtec Limited released its Quarterly Activities Report and Appendix 4C Cash Flow Report for the quarter ended 31 March 2026. The company had cash and cash equivalents of $614k at the end of the quarter, down from $1,250k at the end of 2025. Axtec continued to invest in its AI-enabled technology platform, focusing on automation capabilities and forming strategic partnerships to enhance revenue generation. A significant development was the strategic partnership between its subsidiary, PaySure Retail Finance Pty Ltd, and Real Flow Holdings Pty Ltd, which allows Axtec to transition to a capital-light distribution model. This transaction is expected to release approximately $1m of restricted capital and reduce net cash outflows by exiting direct lending. The company also advanced its PropTech and SaaS pipeline, signed a non-binding MOU with a global property software platform, and received ISO 27001 certification for its PaySure platform, enhancing its compliance and security capabilities.
Key Points
  • Cash and cash equivalents were $614k as of 31 March 2026.
  • Investment continued in AI-enabled automation capabilities.
  • Strategic partnership with Real Flow Holdings Pty Ltd established.
  • Transition to a capital-light distribution model expected to reduce cash outflows.
  • Advanced its PropTech and SaaS pipeline.
  • Secured ISO 27001 certification for the PaySure platform.
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.