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Klevo Group Limited (ASX:KLV)

ALERT: Price-sensitive ASX Announcement for KLV
Current share price for KLV : $0.450 -0.1 (-18.18%)+
Announcement
Release
1 Oct 2026 10:42AM
Price at Release
$0.550
Full Release
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Summary
Klevo Group Limited’s FY2026 annual report highlights show a major improvement in financial performance for the Australian financial year ended 30 June 2026, with revenue of $13.52 million, customer cash receipts of $16.08 million, positive net operating cash flow of $1.60 million, cash of $4.32 million at year end, a reduced net loss after tax of $0.54 million, and net assets of $0.54 million compared with net liabilities in FY2025; the report also outlines key milestones including Mastercard incentive receipts, legal advice that KLVR is expected to qualify as an eligible stablecoin under ASIC’s stablecoin relief framework, achievement of SWIFT User BIC status, a broker agreement with Bybit for KLVR integration, acquisitions of Just Ask Solar Pty Ltd and ASFIN Funds Management Pty Ltd after year end, executive appointments, and a successful 14-day commercial trial of the KLVR stablecoin transaction platform that generated about USD 1.22 million in unaudited revenue during the trial and USD 59.2 million unaudited revenue from trial commencement to the announcement date, while positioning Klevo as a diversified and regulated Australian fintech group spanning digital wallets, payments, marketplace solutions, stablecoin wallet infrastructure, tokenisation and broader financial services.
Key Points
  • FY2026 revenue was $13.52 million, up 324% from FY2025.
  • Cash receipts from customers were $16.08 million, up 480% from FY2025.
  • Net operating cash flow was a positive $1.60 million, compared with an outflow of $0.99 million in FY2025.
  • Cash at 30 June 2026 was $4.32 million, up from $0.64 million a year earlier.
  • Net loss after tax improved to $0.54 million from $2.40 million in FY2025.
  • Net assets were $0.54 million compared with net liabilities of $5.00 million in FY2025.
  • Mastercard performance incentives received in FY2026 included $550,031 in February and about $2.0 million in May.
  • Legal advice indicated KLVR is expected to qualify as an eligible stablecoin under ASIC’s stablecoin relief framework.
  • Klevo achieved SWIFT User BIC status and signed a broker agreement with Bybit to integrate KLVR into the Klevo Bybit product.
  • Heads of agreement were announced for the acquisition of two AFSL holders.
  • Bakous Makari was appointed Executive Director and Chief Financial Officer in May 2026.
  • Andrew Shi was appointed Executive Director and Chief Investment Officer in June 2026.
  • After year end, Klevo completed the acquisition of Just Ask Solar Pty Ltd, holder of ACL 483627, for $150,000.
  • After year end, Klevo completed the acquisition of ASFIN Funds Management Pty Ltd, holder of AFSL 535976, for $200,000.
  • A general meeting held on 21 August 2026 passed all resolutions, including a 10-for-1 share consolidation.
  • The 14-day commercial trial of the KLVR stablecoin transaction platform generated approximately USD 1.22 million in unaudited revenue.
  • Unaudited revenue generated from trial commencement to the announcement date was USD 59.2 million.
  • Klevo described itself as a diversified, regulated Australian fintech group that has evolved from a rewards and loyalty business into a B2B platform covering digital wallets, payments, marketplace solutions, stablecoin wallet infrastructure, tokenisation and broader financial services.
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.