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Oldfields Holdings Limited (ASX:OLH)

ALERT: Price-sensitive ASX Announcement for OLH
Current share price for OLH : $0.012 0 (0%)+
Announcement
Release
30 Jan 2026 4:50PM
Price at Release
$0.012
Full Release
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Summary
Oldfields Holdings Limited's Quarterly Activity Report for Q2 FY2026 highlights ongoing efforts to execute a turnaround strategy, focusing on operational discipline and growth in its Paint and Scaffold businesses. The company exited the Victorian market for its Void Protection segment and reallocated resources to New South Wales. Cost reduction measures included cutting non-essential overheads and ceasing loss-making operations. Financially, the company reported a net cash outflow from operations of $256.6k, with $4.8 million received from customers. The major shareholder continued to provide financial support, and a corporate adviser was appointed to assist with capital management and potential acquisitions. With minimal capital expenditure due to prior investments, Oldfields ended the period with $818.7k in cash and equivalents.
Key Points
  • Oldfields Holdings Limited continued to execute its turnaround strategy during Q2 FY2026.
  • Operational discipline, asset optimization, and targeted growth initiatives were prioritized, especially in Paint and Scaffold businesses.
  • The Void Protection segment exited Victoria due to weaker market conditions, with resources redeployed to New South Wales.
  • Cost reduction initiatives helped reduce non-essential overheads and exit loss-making activities.
  • The major shareholder provided financial support, affirming commitment to working capital and debt facilities.
  • Oldfields appointed a corporate adviser for capital management and potential acquisitions.
  • Net cash used in operating activities was $256.6k with customer receipts totaling $4.8 million.
  • Sales were impacted by lower inventory levels, with future funding aimed at rebuilding inventory.
  • Capital expenditure was minimal following previous investments in Western Australia.
  • Cash and cash equivalents at the end of the period were $818.7k.
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.