Love Group Global Ltd (ASX:LVE)

ALERT: Price-sensitive ASX Announcement for LVE

Current share price for LVE : $0.120 0.02 (20%)⁺

Announcement

Quarterly Update and Appendix 4C

Release

19 Oct 2026 10:53AM

Price at Release

$0.100

Full Release

Summary

Love Group Global Ltd’s quarterly update and Appendix 4C for the quarter ended 30 September 2026 reported a difficult start to FY27, with customer cash receipts of A$626k, down 36% quarter-on-quarter and 39% year-on-year, and net cash used in operating activities of A$226k, which management attributed mainly to a significant decline in return on ad spend from Google Ads following recent platform changes including AI Overviews; receipts were split between Hong Kong at A$343k and Singapore at A$283k, while quarterly outflows included A$188k in advertising and marketing, A$443k in staff costs, A$108k in administration and corporate costs, A$46k in product manufacturing and operating costs, A$8k in research and development, and A$59k in income tax paid; cash and cash equivalents closed at A$2.014 million, down from A$2.239 million at the start of the quarter after A$3k of net investing inflow and a A$2k negative foreign exchange effect, with balances comprising A$252k in bank balances and A$1.762 million in call and fixed deposits, no financing facilities drawn, and an estimated eight quarters of funding available based on current cash burn; the company also disclosed A$218k in payments to related parties, including A$101k CEO bonus for FY2026, A$116k director fees and A$1k superannuation, and said it is testing new Google Ads strategies such as dynamic bidding and Performance Max campaigns to improve performance.

Key Points

Quarterly update and Appendix 4C cover the quarter ended 30 September 2026, representing 1Q FY27 under the Australian financial year.
Customer cash receipts were A$626k, down 36% quarter-on-quarter and 39% year-on-year.
Net cash used in operating activities was A$226k for the quarter.
Management said the decline was driven by a significant reduction in Google Ads return on ad spend, its largest marketing channel.
Recent Google Ads changes, including AI Overviews, were said to have negatively affected ad ranking and positioning.
The company is testing new marketing strategies and campaign setups, including dynamic bidding and Performance Max campaigns.
Cash receipts by geography were A$343k from Hong Kong and A$283k from Singapore.
Cash and cash equivalents at 30 September 2026 were A$2.014 million, down from A$2.239 million at the beginning of the quarter.
Quarterly operating cash outflows included A$188k for advertising and marketing and A$443k for staff costs.
Other operating cash outflows included A$108k administration and corporate costs, A$46k product manufacturing and operating costs, A$8k research and development, and A$59k income tax paid.
Net cash from investing activities was an inflow of A$3k from term deposits.
There was no net cash flow from financing activities and no financing facilities were reported.
The quarter-end cash balance comprised A$252k in bank balances and A$1.762 million in call and fixed deposits.
The company estimated it had 8 quarters of funding available based on current operating cash outflows.
Payments to related parties totalled A$218k, comprising A$101k CEO bonus for FY2026, A$116k director fees and A$1k superannuation.
Love Group operates dating services and personal matchmaking through the Lovestruck brand in Hong Kong and Singapore.

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.