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Group One Capital Limited (ASX:G1C)

ALERT: Price-sensitive ASX Announcement for G1C
Current share price for G1C : $0.055 0.01 (22.22%)+
Announcement
Release
28 Aug 2026 2:10PM
Price at Release
$0.045
Full Release
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Summary
Group One Capital Limited (ASX: G1C) released its Appendix 4E Preliminary Final Report for the financial year ended 30 June 2026, reporting revenue from ordinary activities of $1,514,254, up 142% from FY2025, and net profit after tax attributable to members of $361,056, up 17%; the result was driven by management and caretaking fees of $830,579, fee income of $545,455 contributed by wholly owned subsidiary FSU Capital Pty Ltd, interest income of $86,697 and rental investment income of $51,523, partially offset by direct management rights costs, amortisation and depreciation, directors’ fees, legal costs and administrative expenses, while including a lower fair value increment on investment property of $50,000 compared with $125,000 in the prior year; the Group generated net operating cash flow of $384,087, ended the year with $404,712 cash plus a $2,086,697 interest-bearing investment, had no borrowings and total liabilities of $160,030, with net assets of $5,823,772 and net tangible assets per security of 1.13 cents; no dividend was declared, basic and diluted EPS was 0.103 cents, two wholly owned subsidiaries, FSU Capital Pty Ltd and G1 Retirement Pty Ltd, were incorporated during FY2026, the financial statements were still being audited with no expected audit modification, and after year end the company formed Sterling Management Pty Ltd on 31 July 2026 for a proposed management rights acquisition.
Key Points
  • Appendix 4E Preliminary Final Report for the year ended 30 June 2026.
  • Announcement signed by Chairman Neville Bell on 28 August 2026.
  • Revenue from ordinary activities increased 142% to $1,514,254.
  • Net profit attributable to members increased 17% to $361,056.
  • No final dividend or prior corresponding period dividend was declared.
  • Basic and diluted EPS was 0.103 cents, down from 0.193 cents in FY2025.
  • Net tangible assets per security increased to 1.13 cents from 0.99 cents.
  • Revenue comprised management and caretaking fees of $830,579, fee income of $545,455, interest income of $86,697 and rental investment income of $51,523.
  • FSU Capital Pty Ltd contributed the fee income of $545,455.
  • The Group operated the Gallery Residences and Pearl Main Beach management rights businesses throughout the year.
  • The result included a $50,000 fair value increment on investment property versus $125,000 in FY2025.
  • Net operating cash flow was $384,087 compared with $245,483 in FY2025.
  • Cash at 30 June 2026 was $404,712 and interest-bearing investments were $2,086,697.
  • Combined cash and interest-bearing investments totalled $2,491,409 at year end.
  • Total liabilities were $160,030 and the Group had no borrowings at 30 June 2026.
  • Total assets were $5,983,802 and net assets were $5,823,772.
  • Investment property was carried at fair value of $1,425,000.
  • Intangible management rights assets were $1,852,803 after amortisation.
  • Issued capital increased to $31,748,126 following a $40,000 placement of 2,000,000 shares on 15 December 2025.
  • FSU Capital Pty Ltd and G1 Retirement Pty Ltd were incorporated as wholly owned subsidiaries during FY2026.
  • The company does not have a dividend reinvestment plan.
  • There were no associate or joint venture entities.
  • The financial statements were in the process of audit and no modifications to the audit report were expected.
  • Sterling Management Pty Ltd was formed on 31 July 2026 for a proposed management rights acquisition.
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.