Firstwave Cloud Technology Limited (ASX:FCT)

ALERT: Price-sensitive ASX Announcement for FCT

Current share price for FCT : $0.007 0 (0%)⁺

Announcement

FY26 Audited Results, Improved Cash Flow and Reduced Loss

Release

1 Oct 2026 3:43PM

Price at Release

$0.007

Full Release

Summary

FirstWave Cloud Technology Limited announced its audited results for the financial year ended 30 June 2026, stating that after final audit adjustments its loss after income tax improved to $2,806,919 from the Appendix 4E figure of $4,103,920, while net cash from operating activities increased to $784,455 from $297,243, confirming a second consecutive year of positive operating cash flow and an 80% reduction in the loss; net assets rose to $19,555,867, net tangible assets per share improved to negative 0.34 cents, cash at 30 June 2026 remained unchanged at $1,331,040, and revenue was slightly lower at $8,378,679 due to the timing of recognition of non-recurring revenue, with the lower loss mainly driven by reduced amortisation of capitalised development costs, lower share-based payments expense and higher research and development grant income, while the higher operating cash flow reflected reclassification of capitalised development payments to investing activities and interest on borrowings to financing activities, and the company also corrected two Annual Report references to operating cash flow figures.

Key Points

Audited FY26 loss after income tax improved to $2,806,919 from the Appendix 4E figure of $4,103,920.
Net cash from operating activities increased to $784,455, up from $297,243 in the Appendix 4E.
FirstWave reported its second consecutive year of positive operating cash flow.
The company said the loss was reduced by 80%.
Net assets at 30 June 2026 increased to $19,555,867.
Net tangible assets per share improved from negative 0.36 cents to negative 0.34 cents.
Cash at 30 June 2026 was unchanged at $1,331,040.
Revenue was revised down to $8,378,679, lower by $102,447 due to timing of non-recurring revenue recognition.
The lower loss mainly reflected lower amortisation of capitalised development costs, lower share-based payments expense and higher research and development grant income.
Higher operating cash flow reflected reclassification of capitalised development payments to investing activities and interest on borrowings to financing activities.
The announcement noted corrections to two Annual Report references regarding operating cash flow figures.

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.