Benjamin Hornigold Limited (ASX:BHD)

Benjamin Hornigold Ltd’s unaudited Appendix 4E and Preliminary Final Report for the financial year ended 30 June 2026 reported total income of $619,134, up 238% from the prior corresponding period, and a reduced net loss after tax of $420,931 compared with a loss of $709,247 in FY2025, with the improvement mainly driven by a stronger net trading gain on financial instruments of $534,741 and other investment income of $616,819, partly offset by legal and professional costs and directors’ fees. Net tangible assets per share declined slightly to $0.24 from $0.25, net assets were $5.71 million, cash and cash equivalents increased to $3.78 million, and the investment portfolio at fair value stood at $2.94 million. No dividend was paid or declared for FY2026. The report also highlights significant legacy recovery matters, including defaulted and fully impaired loans and a convertible loan linked to former related parties, while noting post-balance-date settlements of $800,000 and $1.8 million received in July and August 2026 from claims against former directors, plus a default judgment of $8.97 million against JB Markets Pty Ltd to which the company currently attributes no value. The report was authorised by the board on 31 August 2026 and remained unaudited at the time of release, with the company stating it did not expect audit disputes or qualifications.