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Klevo Rewards Limited (ASX:KLV)

ALERT: Price-sensitive ASX Announcement for KLV
Current share price for KLV : $0.075 0.02 (36.36%)+
Announcement
Release
12 Aug 2026 10:49AM
Price at Release
$0.055
Full Release
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Summary
Klevo Rewards Limited announced a performance update for July 2026, reporting a revenue of $19 million primarily driven by stablecoin sales, which comprised $17.8 million of the total. The company achieved a gross profit of $278,000 and an operating profit of $167,000, with efforts focused on the commercial rollout of stablecoins and recent acquisitions to expand their licensed footprint. A proposal for a significant capital consolidation and a rebranding to Klevo Group Limited was also introduced.
Key Points
  • Klevo Rewards Limited reported a total revenue of $19 million for July 2026.
  • The company achieved a gross profit of $278,000 and an operating profit of $167,000.
  • Approximately $17.8 million of the revenue was from stablecoin sales.
  • The reported revenue from stablecoin sales was net after conversion to fiat with Mastercard.
  • Operating profit excludes non-cash foreign exchange and bank revaluations.
  • Klevo commenced commercial rollout of stablecoin but initial trial volumes are not indicative of full integration activity.
  • The company completed acquisitions of Just Ask Solar Pty Ltd and Asfin Funds Management Pty Ltd.
  • A proposal for a 10:1 capital consolidation and company name change to Klevo Group Limited was issued.
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.