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Excite Technology Services Limited (ASX:EXT)

ALERT: Price-sensitive ASX Announcement for EXT
Current share price for EXT : $0.007 0 (0%)+
Announcement
Release
29 May 2026 1:31PM
Price at Release
$0.007
Full Release
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Summary
Excite Technology Services Limited's Preliminary Final Report for the year ended 31 March 2026 details significant financial activities, including comprehensive losses and detailed financial performance across its business segments. The company reported a total revenue of $21,326,887, showing a considerable increase from the previous year's $12,267,050. However, the company also incurred a significant loss after income tax amounting to $5,385,619. Key financial metrics such as EBITDA and asset and liability figures are detailed across different segments including Excite Cyber, VIT, Excite IT, Corporate, and CBIT. The report also notes major expenses in employee benefits and depreciation, as well as substantial cash flow activities and equity changes, emphasizing challenges faced in the fiscal year. The report includes strategic insights regarding operations, financial instruments, and future considerations, underlining the company's adaptation to market changes and internal financial recalibrations.
Key Points
  • Total revenue for 2026 was $21,326,887.
  • Loss after income tax was $5,385,619.
  • Employee benefits and depreciation were major expenses.
  • EBITDA was negative across several segments.
  • Total liabilities increased to $17,987,889 from the previous year.
  • Cash flows from operating activities were negative at $4,526,594.
  • Share-based payments and equity adjustments played a significant role.
  • The acquisition of CBIT Pty Ltd impacted financials.
  • Future financial outlooks and strategic adjustments were discussed.
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.