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Infotrust Ltd (ASX:ITS)

ALERT: Price-sensitive ASX Announcement for ITS
Current share price for ITS : $0.365 -0.06 (-14.12%)+
Announcement
Release
26 Feb 2026 6:36PM
Price at Release
$0.425
Full Release
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Summary
Infotrust Ltd has completed its restructuring program with the sale of Nexgen to ABB Ltd for up to $50 million. This sale necessitated the adoption of Australian Accounting Standard AASB 5, requiring separation of continuing and discontinued operations and leading to a $15.6 million write-down. The company's revenue for H1 FY26 from continuing operations was $31.081 million, a 9% improvement from the previous period, while uEBITDA saw a 7% increase. However, the half-year ended with a loss of $16.473 million, primarily due to the impairment costs. Infotrust has transitioned to focus solely on the Cyber Security segment, expecting ongoing profitability growth in FY26 and beyond. The company aims to leverage proceeds from the Nexgen divestment to fund organic and inorganic growth, positioning itself as a leader in the Australian cyber security and secure managed technology solutions market.
Key Points
  • Infotrust completed restructure with Nexgen sale to ABB Ltd.
  • Adopted AASB 5 due to sale, leading to a $15.6 million write-down.
  • Revenue from continuing operations increased by 9% in H1 FY26.
  • uEBITDA improved by 7% compared to the previous period.
  • Half-year loss of $16.473 million due to impairment costs.
  • Focused solely on Cyber Security segment after restructure.
  • Expecting ongoing profitability growth in FY26.
  • Utilizing divestment proceeds for growth initiatives.
  • Positioning as a leader in cyber security and secure technology solutions.
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.