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Merino & Co. Limited (ASX:MNC)

ALERT: Price-sensitive ASX Announcement for MNC
Current share price for MNC : $0.080 -0.02 (-20%)+
Announcement
Release
27 Feb 2026 7:32PM
Price at Release
$0.100
Full Release
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Summary
The half-year report for Merino & Co. Limited, ending 31 December 2025, outlines a challenging period with a net loss of $1,527,806, up 28.2% from the previous year's loss. This increase in loss is attributed to a strategic investment phase aimed at expanding production capacity, enhancing brand positioning, and preparing inventory for wholesale execution. The company's revenue declined by 60.5% to $942,010, mainly due to this investment-oriented approach rather than a decline in demand. Despite no dividends being paid or recommended, the company maintains a focus on long-term growth and operational improvements. The report also highlights the company's commitment to a research and development project co-funded by the Australian Federal Government, emphasizing its strategic initiatives for future growth.
Key Points
  • Net loss for the half-year increased by 28.2% to $1,527,806.
  • Revenue from ordinary activities declined by 60.5% to $942,010.
  • Strategic investment phase to expand production capacity and brand positioning.
  • No dividends paid or recommended during the current financial period.
  • Involvement in a research and development project with Australian Federal Government co-funding.
  • Assets and liabilities reported as $8,694,577 and $4,499,026 respectively at the end of 2025.
  • Significant transactions include the issue of shares and convertible notes converted to equity.
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.