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Linius Technologies Limited (ASX:LNU)

ALERT: Price-sensitive ASX Announcement for LNU
Current share price for LNU : $0.002 0.001 (100%)+
Announcement
Release
29 Aug 2025 3:04PM
Price at Release
$0.001
Full Release
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Summary
Linius Technologies Limited released its Preliminary Final Report for the financial year ending June 30, 2025. The company reported a total comprehensive loss of $5.32 million for the year, following a loss of $4.79 million in 2024. Revenue for 2025 was $785,423, down from $811,120 in 2024. The company faced substantial operating expenses, including consultant fees, director remuneration, and employee benefits. Share-based payments also contributed to the expenses. The firm issued shares and convertible notes during the year to raise capital, but still ended the period with net liabilities of $3.33 million. A decrease in current assets and an impairment of intellectual property affected the financial position. No dividends were declared, and the financial statements are subject to final audit by KPMG, with an expectation of a material uncertainty related to going concern.
Key Points
  • Total comprehensive loss for Linius Technologies Limited in 2025 was $5.32 million.
  • Revenue decreased to $785,423 in 2025 from $811,120 in 2024.
  • Significant expenses included consultant fees, director remuneration, and employee benefits.
  • Share-based payments contributed to financial losses.
  • The company raised capital through the issuance of shares and convertible notes.
  • Net liabilities at the end of the financial year amounted to $3.33 million.
  • The company impaired its intellectual property assets.
  • No dividends were declared and a material uncertainty related to going concern is expected in the audit report.
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.