Platformo Ltd (ASX:PFM)

Platformo Ltd’s Appendix 4D and Half Year Financial Report for the six months ended 30 June 2026 reported revenue from ordinary activities of A$346,600, down 15% from the prior corresponding period, and a net loss after tax attributable to shareholders of A$279,032, up 34% from the half-year ended 30 June 2025, with no dividend declared and net tangible assets of 0.5 cents per share. The business continues to operate through its Malaysian technology subsidiary Biztrak Business Solutions Sdn Bhd, whose revenue decline was mainly attributed to lower MSB software training and professional services linked to Malaysia’s e-invoicing rollout, although product development continued across Biztrak MSB, e-invoicing, financial reporting, internal controls, system performance, Biztrak Online and warehouse management, with Singapore InvoiceNow integration completed pending user acceptance. Financially, the group recorded gross profit of A$306,481, total comprehensive loss of A$236,634, cash and cash equivalents of A$821,971, net assets of A$520,360, and net cash used in operating activities of A$253,751; all customer revenue was generated in Malaysia. The report also notes a prior period error correction relating to revenue recognition timing and employee benefit accruals affecting 2024 and earlier periods, while the directors concluded the group remains a going concern based on available cash, cash flow forecasts and expected operating performance through to 31 August 2027. There were no acquisitions, disposals, associates or joint ventures, no material subsequent events, and Crowe Audit Australia issued an unmodified review conclusion stating nothing had come to its attention suggesting the half-year report failed to comply with the Corporations Act 2001 and AASB 134.