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DigitalX Limited (ASX:DCC)

ALERT: Price-sensitive ASX Announcement for DCC
Current share price for DCC : $0.027 -0.003 (-10%)+
Announcement
Release
31 Aug 2026 3:37PM
Price at Release
$0.030
Full Release
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Summary
DigitalX Limited’s Appendix 4E and Annual Report for the Australian financial year ended 30 June 2026 present a business in strategic transition from a Bitcoin accumulation model to a broader cash-flow and capital deployment strategy, with the company reporting revenue from ordinary activities of $3,630,191, a 5.1% decline from FY2025, and a net loss after tax attributable to shareholders of $1,917,979, improved from the prior year’s $5,977,982 loss, while total comprehensive loss was $30.7 million due mainly to negative fair value movements in digital assets; the report highlights no dividends, net tangible assets per ordinary security of 3.74 cents in the Appendix 4E, and a year-end balance sheet including $14.45 million cash, $35.64 million in digital assets, $9.05 million in Superstate USTB tokenised US Treasury fund exposure, and net assets of $57.54 million, with DigitalX’s principal activities comprising Sell My Shares brokerage, asset management and treasury asset management, including a 77.56% holding in the DigitalX Bitcoin Fund Unit Trust; management described FY26 as a strategic reset, supported by a July 2025 strategic placement raising about $20.7 million, partial Bitcoin liquidations to strengthen liquidity, launch of a Strategic Investment and Acquisition Program with capacity up to $30 million, record Sell My Shares revenue of about $2.9 million, the company’s first cash-flow-positive quarter since 2021 in Q4 FY26, and an on-market buy-back announced on 26 June 2026 for up to 120,362,388 shares commencing after year end; the annual report also records that the financial statements were audited by BDO, with an unqualified audit opinion dated 31 August 2026, and identifies digital asset accounting, treasury volatility, regulation, custody and cyber risk as key matters relevant to DigitalX’s position as an Australian listed digital asset business.
Key Points
  • Appendix 4E covers DigitalX Limited for the year ended 30 June 2026.
  • DigitalX Limited is listed on the ASX under code DCC.
  • Revenue from ordinary activities was $3,630,191, down 5.1% from FY2025.
  • Loss from ordinary activities after tax attributable to shareholders was $1,917,979, an improvement on the prior year loss of $5,977,982.
  • No dividends were paid, recommended or declared for FY2026.
  • Net tangible assets per ordinary security were reported in the Appendix 4E as 3.74 cents.
  • The company held a 77.56% interest in the DigitalX Bitcoin Fund Unit Trust at 30 June 2026.
  • The financial statements were in the process of audit in the Appendix 4E and the annual report was subsequently signed and dated 31 August 2026.
  • The chairman described FY26 as a strategic reset away from a predominantly Bitcoin accumulation strategy toward sustainable cash flows and scalable operating businesses.
  • DigitalX established a Strategic Investment and Acquisition Program with capacity to deploy up to $30 million.
  • At year end, combined cash, Bitcoin, DigitalX Bitcoin Fund units and other liquid and unlisted investments totalled about $54.9 million according to the chairman’s letter.
  • DigitalX reported cash and cash equivalents of $14.45 million at 30 June 2026.
  • Digital assets on the balance sheet were $35.64 million at 30 June 2026.
  • Financial assets at fair value through profit or loss included a $9.05 million investment in Superstate USTB.
  • Net assets at 30 June 2026 were $57.54 million, down from $67.94 million a year earlier.
  • Total comprehensive loss for FY2026 was $30.72 million, mainly reflecting fair value declines in digital asset holdings.
  • Sell My Shares generated about $2.9 million in revenue and was described as the strongest operating business performer in FY2026.
  • DigitalX recorded its first positive quarter of cash flow from operations since June 2021, with Q4 FY26 operating cash flow of $308,000 noted in the directors’ report.
  • A strategic placement in July 2025 raised approximately $20.7 million before costs.
  • The majority of the July 2025 placement proceeds were used to expand Bitcoin exposure during the year.
  • DigitalX Bitcoin ETF assets under management declined from $52.7 million to $31.7 million during FY2026.
  • The company announced an on-market buy-back of up to 120,362,388 ordinary shares on 26 June 2026, commencing after the reporting date.
  • As at 31 August 2026, shareholder information disclosed that 94,207,314 shares had been bought back.
  • The independent auditor, BDO Audit Pty Ltd, issued an unqualified opinion on the financial report dated 31 August 2026.
  • A key audit matter was the accounting treatment, existence and valuation of digital assets disclosed in note 14.
  • The report emphasises key risks including digital asset price volatility, safeguarding of digital assets, blockchain technology risk, regulation, business continuity and cyber risk.
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.