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Merino & Co. Limited (ASX:MNC)

ALERT: Price-sensitive ASX Announcement for MNC
Current share price for MNC : $0.080 -0.04 (-33.33%)+
Announcement
Release
30 Jan 2026 4:10PM
Price at Release
$0.120
Full Release
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Summary
During Q2 FY26, Merino & Co. Limited, an Australian company specializing in Merino-wool products, focused on strategic investments in brand development and organizational capability to enhance its market positioning and operational readiness, particularly in China. The company reported revenues of $177,371 for the quarter and held $1.17 million in cash as of 31 December 2025, a decrease from the previous quarter. Significant orders were placed by a Shanghai distributor, demonstrating growing international demand. The company is aiming for sustainable, long-term shareholder value through disciplined execution and cost control. Financial activities included operating cash outflows of $895,000 and a focus on marketing and manufacturing investments. The board reported stability and clear governance following leadership changes, and committed orders are expected to improve future cash flows.
Key Points
  • Q2 FY26 revenue was $177,371.
  • Cash at the end of the quarter was $1.17 million, down from $2.27 million previously.
  • Strategic focus on brand development and international expansion, especially in China.
  • Secured purchase orders from Shanghai distributor totaling approximately A$585,100.
  • Operating cash outflows of $895,000 reported.
  • Leadership renewal providing stability and governance.
  • Investments made in marketing and manufacturing capabilities.
  • 1.31 quarters of funding available based on recent cash usage.
  • Board committed to disciplined oversight and shareholder value creation.
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.