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Novatti Group Limited (ASX:NOV)

ALERT: Price-sensitive ASX Announcement for NOV
Current share price for NOV : $0.016 -0.011 (-40.74%)+
Announcement
Release
27 Feb 2026 8:45AM
Price at Release
$0.027
Full Release
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Summary
The Half-Yearly Report of Novatti Group Limited for the period ending 31 December 2025 details the financial results and operations of the company. During the half-year, Novatti faced a loss after income tax expense of AUD 2.022 million from continuing operations. The report highlights a reduction in revenue compared to the previous year, primarily due to decreased sales in international payment services. Comprehensive income for the period resulted in a net loss, partially offset by gains from discontinued operations. The directors' report underscores key management changes, including the resignation of Killian Murphy and the appointment of Tom Ng and Christopher Ryan as new Non-Executive Directors. The financial statements present a consolidated statement of profit or loss, changes in equity, and cash flows. The directors affirm compliance with Australian accounting standards, and the auditor's review report confirms adherence to the Corporations Act 2001.
Key Points
  • Novatti Group Limited reported a half-year loss after tax of AUD 2.022 million.
  • Revenue from international payment services decreased significantly.
  • Comprehensive income resulted in a net loss, partially offset by discontinued operations.
  • Management changes included the resignation of Killian Murphy and the appointment of new directors.
  • Financial statements include profit or loss, changes in equity, and cash flows.
  • Compliance with Australian accounting standards was affirmed.
  • The auditor's review confirmed adherence to the Corporations Act 2001.
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.