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International Equities Corporation Limited (ASX:IEQ)

ALERT: Price-sensitive ASX Announcement for IEQ
Current share price for IEQ : $0.040 0 (0%)+
Announcement
Release
24 Oct 2025 11:13AM
Price at Release
$0.040
Full Release
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Summary
International Equities Corporation Limited reported its quarterly activities and cash flow for the quarter ended 30 September 2025. The company faced challenges due to a decline in tourism, high payroll costs, persistently high interest rates, and inflation, resulting in a net loss of $224,000 after tax. The revenue for the quarter was $513,000, which was a slight increase from the previous year, but the company still faced operational losses. The cash flow statement showed a decrease in cash equivalents from $1,276,000 to $1,177,000 during the quarter. The company has available funding sufficient for approximately 50 quarters. Related party transactions were conducted on normal commercial terms, including dealings with Renaissance Assets Pty Ltd. The financial report indicates that while the company is not planning a capital raising, it is focused on managing costs and enhancing occupancy rates in its hotel operations.
Key Points
  • Quarterly loss of $224,000 due to decreased tourism and high costs.
  • Revenue increased slightly to $513,000.
  • Cash equivalents decreased from $1,276,000 to $1,177,000.
  • Sufficient funding available for approximately 50 quarters.
  • Related party transactions with Renaissance Assets Pty Ltd.
  • No plans for capital raising; focus on cost management and occupancy rates.
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.