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MYECO Group Ltd (ASX:MCO)

ALERT: Price-sensitive ASX Announcement for MCO
Current share price for MCO : $0.021 0 (0%)+
Announcement
Release
29 Jul 2026 9:53AM
Price at Release
$0.021
Full Release
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Summary
MyEco Group Ltd, listed on the ASX under the ticker MCO, is a leading developer and manufacturer of sustainable consumer goods, packaging, and materials. The company released its Quarterly Activities Report and Appendix 4C Cash Flow Statement for the June 2026 quarter. The report highlights that MyEco Group achieved total sales of AUD 15.8 million for FY26, marking a 0.8% increase from the prior corresponding period, with significant growth in Australian retail sales driven by the launch of new recycled products. The company managed to reduce its net operating cash outflows to AUD 0.1 million in Q4 FY26, a substantial improvement attributed to strong cash receipts from new product sales. The cash balance at the end of June 2026 was AUD 2.0 million, supported by a Series 2 Convertible Notes issue and an unused financing facility. MyEco Group continues to focus on expanding its retail and council sales channels and expects further sales growth, particularly in Australian supermarkets Coles and Woolworths, where its MyEcoBag products have established market leadership.
Key Points
  • Net operating cash outflows reduced to AUD 0.1 million in Q4 FY26.
  • Total FY26 sales were AUD 15.8 million, a 0.8% increase on the prior corresponding period.
  • Australian retail sales reached AUD 5.4 million, a 22.7% increase from the prior year.
  • Cash balance at 30 June 2026 was AUD 2.0 million, with an unused financing facility of AUD 1.0 million.
  • Successful launch of Global Recycled Standard Certified Post-Consumer Recycled bin liners at Woolworths.
  • Continued growth in Council FOGO Waste sales, up 5.9% for FY26.
  • The company focuses on retail and council sales channels for future growth.
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.