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Energy Action Limited (ASX:EAX)

ALERT: Price-sensitive ASX Announcement for EAX
Current share price for EAX : $0.370 0.02 (5.71%)+
Announcement
Release
24 Jul 2026 4:34PM
Price at Release
$0.350
Full Release
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Summary
Energy Action Limited announced its preliminary unaudited financial results for the fiscal year ended 30 June 2026 (FY26). The company reported a profit after income tax expense of $0.45 million, a significant decrease from $2.02 million in FY25. Revenue for FY26 was approximately $12.2 million, which is an increase of 6.4% from the FY25 revenue excluding a deferred revenue release. The decrease in profit was attributed to a reduction in the Research and Development Tax Incentive, increased depreciation and amortisation expenses, higher deferred tax expenses, and increased operating expenditure. Despite these challenges, forward contracted revenue and contract assets both showed increases, indicating future cash inflows as services are delivered. The company remains in compliance with all banking covenants.
Key Points
  • FY26 profit after income tax expense was $0.45 million.
  • FY26 revenue was approximately $12.2 million, a 6.4% increase from FY25.
  • Decrease in profit was due to reductions in R&D Tax Incentive and increased expenses.
  • Forward contracted revenue increased by 22%.
  • Contract assets increased by 8%.
  • Company remains compliant with all banking covenants.
  • Figures are unaudited and subject to completion of the FY26 audit.
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.