InvestSMART

MYECO Group Ltd (ASX:MCO)

ALERT: Price-sensitive ASX Announcement for MCO
Current share price for MCO : $0.015 0.003 (25%)+
Announcement
Release
29 Apr 2026 9:52AM
Price at Release
$0.012
Full Release
download
Summary
MyEco Group Ltd reported its quarterly activities and cash flow for the March 2026 quarter. The company's total sales of sustainable products for Q3 FY26 were $4.0 million, reflecting a 4.1% increase from the prior corresponding period, with notable growth in the Council and waste management sales channel. Despite a gross margin increase to 24.8%, MyEco Group experienced a net operating cash outflow of $0.9 million, impacted by inventory buildup for a new product launch. The cash balance stood at $1.5 million at the end of March, with additional funding secured through a convertible note program. Operational restructuring has been successfully reducing costs, further contributing to financial stability as the company prepares for its new MyEcoBag® product launch in Q4 FY26.
Key Points
  • Q3 FY26 total sales grew to $4.0 million, up 4.1% on prior corresponding period.
  • Gross margin of 24.8% YTD Q3 FY26, up 0.8 percentage points.
  • Net operating cash outflow of $0.9 million due to inventory buildup.
  • Cash balance at $1.5 million with additional funding from convertible notes.
  • Successfully reduced cost base through operational restructuring.
  • Preparation for MyEcoBag® product launch in Q4 FY26.
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.