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Parkd Ltd (ASX:PKD)

ALERT: Price-sensitive ASX Announcement for PKD
Current share price for PKD : $0.032 0 (0%)+
Announcement
Release
30 Apr 2026 3:09PM
Price at Release
$0.032
Full Release
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Summary
Parkd Ltd provided an update on its Q3 FY26 activities, with a focus on east coast expansion, highlighted by a strategic investment from Azzurri Concrete Group. The company operated its Penrith prefabrication facility, supporting national pipeline development across various sectors. New projects and strategic partnerships are expected to boost future revenues. The Audi Centre Myaree is fully operational and contributing to revenue. Cash reserves were reported as $394k at the end of March 2026, with additional funds from Azzurri's placement. The company is strategically managing its resources and partnerships to meet its business objectives.
Key Points
  • Strategic NSW expansion progressed with a strategic investment by Azzurri Concrete Group.
  • Penrith east coast prefabrication facility continues to support national pipeline development.
  • New works procured during Q3 expected to support future revenue.
  • Audi Centre Myaree is fully operational, contributing to FY26 revenue.
  • Cash reserves at 31 March 2026 were $394k with additional $220k from Azzurri placement.
  • Net cash used in operating activities for the quarter was $348k.
  • Strategic placement to Azzurri Concrete Group raised $220,000.
  • The company expects to meet business objectives through strategic partnerships and ongoing contracts.
  • PARKD is focused on converting its technical advisory and tender pipeline into secured contracts.
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.