InvestSMART

Income Asset Management Group Limited (ASX:IAM)

ALERT: Price-sensitive ASX Announcement for IAM
Current share price for IAM : $0.017 -0.015 (-46.77%)+
Announcement
Release
30 Jan 2026 3:46PM
Price at Release
$0.031
Full Release
download
Summary
The Income Asset Management Group Limited (IAM) reported its Quarterly Activities and Appendix 4C Cash Flow Report for Q2 FY2026, ending 31 December 2025. The report highlights IAM's performance, including a total cash and liquid assets of $4.1 million at the end of the quarter. IAM faced a negative cash flow of $2.3 million, attributed to extraordinary factors such as a fraud event and a $1 million fee for a transaction pending regulatory approval. The company raised $2 million in debt in December 2025, resulting in a cash drain of $1.7 million prior to the debt raise. Operating revenue was $3.8 million, excluding $1 million in pending regulatory-approved revenue. IAM's unaudited EBITDA was negative $0.9 million, excluding $1.5 million in fraud-related losses. Net cash from operating activities was negative $2.277 million, with total cash receipts from customers and interest at $4.9 million. IAM's future funding is projected at 3.82 quarters, factoring in cash and available facilities, with no reported client losses from the fraud incident.
Key Points
  • Total cash and liquid assets at end of Q2 FY2026: $4.1 million.
  • Negative operating cash flow of $2.3 million due to fraud and pending transaction.
  • Debt raise of $2 million in December 2025.
  • Operating revenue for Q2 FY2026: $3.8 million.
  • Unaudited EBITDA: negative $0.9 million excluding fraud costs.
  • Net cash from operating activities: negative $2.277 million.
  • Future funding estimated at 3.82 quarters.
  • No client losses reported from the fraud incident.
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.