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BSA Limited (ASX:BSA)

ALERT: Price-sensitive ASX Announcement for BSA
Current share price for BSA : $0.300 -0.05 (-14.29%)+
Announcement
Release
30 Apr 2026 8:50AM
Price at Release
$0.350
Full Release
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Summary
BSA Limited's Quarterly Activities Report for the period ending March 31, 2026, outlines a challenging quarter with the company achieving break-even performance amidst a transition phase. Revenue for the year-to-date FY2026 was significantly lower compared to the previous year, primarily due to adverse outcomes in tenders and contract renewals affecting major contracts like nbn, Bluecurrent, and Intellihub. The report highlights a substantial decline in both revenue and EBITDA compared to the prior year due to these challenges. Despite these setbacks, BSA maintained a stable financial position with a net cash balance increase to $17.6 million by the end of the quarter. The company is focusing on reshaping its operations by expanding its customer base and pursuing new growth opportunities, although a risk of potential losses in the final quarter is noted. The report also details the financial facilities available, including a $2.6 million guarantee facility, of which $2.1 million is utilized.
Key Points
  • Quarter ended March 31, 2026.
  • BSA Limited achieved break-even performance.
  • Significant revenue decline due to unfavorable tender outcomes.
  • Year-to-date FY2026 revenue $26.7 million, EBITDA $5.9 million.
  • Net cash increased to $17.6 million.
  • Focus on expanding customer base and new growth opportunities.
  • $2.6 million guarantee facility, $2.1 million utilized.
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.