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Flexiroam Limited (ASX:FRX)

ALERT: Price-sensitive ASX Announcement for FRX
Current share price for FRX : $0.017 -0.006 (-26.09%)+
Announcement
Release
27 Feb 2026 2:41PM
Price at Release
$0.023
Full Release
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Summary
Flexiroam Limited reported its first half-year statutory net profit after tax (NPAT) and record operating cash flow for H1 FY26. Despite a 21.7% decrease in revenue to $5.9 million, the company achieved a gross profit increase to $4.3 million, thanks to an expanded gross margin of 72.7%. This was achieved through cost management and strategic shifts in revenue streams. Operating expenses were significantly reduced by 52.9% due to a shift towards organic and partner-led distribution and automation. The company recorded a net profit of $1.4 million, reversing a loss of $2.1 million from the previous period, and generated positive operating cash flow of $1.9 million. Flexiroam's strategic transformation included launching an AI-powered eSIM agent on WhatsApp and securing partnerships with Generali and Dialog. The company's cash position strengthened to $3.2 million, and it returned to positive net current assets, marking significant financial resilience and strategic progress.
Key Points
  • First half-year statutory NPAT profit reported.
  • Record operating cash flow achieved.
  • Revenue decreased by 21.7% to $5.9 million.
  • Gross profit increased to $4.3 million with a 72.7% gross margin.
  • Operating expenses reduced by 52.9%.
  • Net profit of $1.4 million, reversing a previous loss.
  • Positive operating cash flow of $1.9 million.
  • Launch of AI-powered eSIM agent on WhatsApp.
  • Partnerships secured with Generali and Dialog.
  • Cash position strengthened to $3.2 million.
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.