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IODM Limited (ASX:IOD)

ALERT: Price-sensitive ASX Announcement for IOD
Current share price for IOD : $0.089 -0.081 (-47.65%)+
Announcement
Release
30 Apr 2026 2:32PM
Price at Release
$0.170
Full Release
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Summary
IODM Limited released its Quarterly Activities Report and Appendix 4C for Q3 FY26, highlighting a 4% increase in cash receipts to A$787k compared to the previous corresponding period. The UK education sector was a strong contributor, with a 5.4% increase in cash receipts, aided by a renegotiated agreement with Convera UK, allowing IODM to collaborate with more payment companies. In the USA, IODM secured a platform agreement for 283 universities with TransferMate. The cash flow report shows a net cash outflow from operating activities of A$622k for the quarter, and the company ended the period with A$297k in cash and equivalents. Financing facilities include a $400k unsecured loan from Plutus Pty Ltd and a $1M secured loan from Riverfort Capital.
Key Points
  • Cash receipts increased by 4% to A$787k for Q3 FY26.
  • UK education sector saw a 5.4% increase in revenue to A$602k.
  • Renegotiated UK Convera agreement to remove exclusivity.
  • Platform agreement with TransferMate for 283 US universities.
  • Net cash outflow from operating activities was A$622k.
  • Cash and equivalents at quarter end were A$297k.
  • $400k unsecured loan from Plutus Pty Ltd at 15% interest.
  • $1M secured loan from Riverfort Capital at 9.6% interest.
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.