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Flexiroam Limited (ASX:FRX)

ALERT: Price-sensitive ASX Announcement for FRX
Current share price for FRX : $0.022 -0.003 (-12%)+
Announcement
Release
24 Jul 2026 8:27AM
Price at Release
$0.025
Full Release
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Summary
FlexiRoam Limited has announced a significant multi-year agreement with an established Australian payments group to provide SIM and eSIM connectivity for payment terminals across Australia. This agreement marks the expansion of FlexiRoam’s payment-terminal connectivity business into the Australian market, adding a new revenue stream through recurring monthly subscription fees. The deal aligns with FlexiRoam's strategy to enhance its B2B and enterprise partnerships, leveraging its AI-powered global connectivity platform. With an initial term of three years and potential for further renewals, the agreement is strategically important, set against a backdrop of over a million active payment terminals in Australia and a robust card payment market. The company anticipates modest near-term revenue impact, with projections for annualised recurring revenue by the end of 2027 ranging between A$0.32 million and A$0.44 million.
Key Points
  • FlexiRoam Limited announced a multi-year connectivity agreement with an Australian payments group.
  • The agreement involves providing SIM and eSIM connectivity for payment terminals across Australia.
  • This expands FlexiRoam's payment-terminal connectivity business into Australia.
  • The agreement will generate recurring revenue from monthly subscription fees.
  • The initial term of the agreement is three years, with options for renewal.
  • The agreement aligns with FlexiRoam's strategy to scale recurring B2B and enterprise partner revenue.
  • Australian consumers had access to 1.04 million payment terminals as of March 2026.
  • In FY2025, Australians made over 15.86 billion card payments totaling more than A$1.07 trillion.
  • FlexiRoam's platform is designed to provide reliable connectivity essential for mission-critical payments.
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.