Income Asset Management Group Limited (ASX:IAM)

ALERT: Price-sensitive ASX Announcement for IAM

Current share price for IAM : $0.016 -0.016 (-50%)⁺

Announcement

Quarterly Activities/Appendix 4C Cash Flow Report

Release

27 Oct 2025 8:29AM

Price at Release

$0.032

Full Release

Summary

Income Asset Management Group Limited's Quarterly Activities and Appendix 4C Cash Flow Report for Q1 FY2026 reflects a period of financial activity marked by significant impacts from previously disclosed fraudulent activities. The Group recorded an operating revenue increase of 34% year-on-year to $5.35 million. Despite the positive revenue, net cash used in operating activities was negative $2.52 million, primarily due to $1.69 million in fraud-related costs. Cash and cash equivalents stood at $3.44 million at the end of the quarter. The Group also identified that fraud and theft amounted to approximately $3 million, with no reported client losses from these incidents. IAM remains operational with a strong appetite for bond and loan transactions, having participated significantly in several syndicated loan transactions and external debt origination.

Key Points

Operating revenue for Q1 FY2026 increased by 34% to $5.35m.
Net cash used in operating activities was $2.52m due to fraud-related costs.
Cash and cash equivalents at the end of the quarter were $3.44m.
Fraud and theft amounted to approximately $3m.
No client losses were reported from the fraudulent activities.
IAM's participation in several syndicated loan transactions.
External debt origination involved bids for $1.1bn of bonds.

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.