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Mighty Kingdom Limited (ASX:MKL)

ALERT: Price-sensitive ASX Announcement for MKL
Current share price for MKL : $0.165 0.159 (2,650%)+
Announcement
Release
30 Apr 2025 6:23PM
Price at Release
$0.006
Full Release
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Summary
Mighty Kingdom Limited reported a quarterly operating cash inflow of $388,000 for Q3 FY25, reflecting an operating cost reduction of 17% from the previous quarter. The company received $2.0 million in government grants and tax incentives, while successfully repaying a debt facility of $1.2 million. Ongoing partnerships, particularly with ESG, have resulted in positive outcomes for their game titles, maintaining engagement and supporting future growth. The company has also initiated a capital raising to strengthen its operations and continues to pursue work-for-hire opportunities.
Key Points
  • Quarterly operating cash inflow of $388K
  • Operating costs down 17% versus Q2 FY25
  • Completion of review process delivering annual cost savings of $2.5m
  • Received $2.0m in government grants and tax incentives
  • Repayment of a debt facility up to $1.2m
  • Ongoing partnerships with ESG for game development
  • Capital raising initiative to strengthen growth and operations
  • Focus on cost reduction to drive profitability
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.