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RBR Group Limited (ASX:RBR)

ALERT: Price-sensitive ASX Announcement for RBR
Current share price for RBR : $0.020 0.005 (33.33%)+
Announcement
Release
31 Aug 2026 6:06PM
Price at Release
$0.015
Full Release
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Summary
RBR Group Limited’s Appendix 4E Preliminary Final Report for the financial year ended 30 June 2026 reported unaudited revenue of $769,791, down 19% from $948,353 in FY2025, and a loss attributable to equity holders of $1,495,027, with total group loss after tax of $2,166,909 and net tangible assets falling to $262,812 or 0.177 cents per share; management said Mozambique’s commercial environment improved, particularly around LNG-related opportunities following progress on major northern Mozambique gas projects, but actual revenues declined due to limited contract activity outside LNG, while a conservative reassessment of camp assets led to a $687,286 impairment that materially worsened results and balance sheet strength. The group maintained payroll, labour, training and camp accommodation activities, with a tender book exceeding US$200 million at year end, and remained confident of securing significant LNG-related work; however, the report highlighted a material going concern uncertainty given low cash of $141,318, net operating cash outflow of $958,171, and current liabilities of $2,126,366, including $1,225,761 in current convertible notes. During the year, RBR raised equity, completed a 30-for-1 share consolidation, settled part of director fees in shares, and disclosed a contingent tax matter in Mozambique of about US$50,000, while noting after balance date that $75,000 of convertible notes was proposed to convert into equity subject to shareholder approval and $250,000 was due for cash repayment by 15 September 2026.
Key Points
  • Preliminary final report for RBR Group Limited for the year ended 30 June 2026 was signed on 31 August 2026.
  • Revenue from ordinary activities fell 19% to $769,791 from $948,353 in FY2025.
  • Loss attributable to equity holders of RBR Group Limited increased to $1,495,027 from $1,361,974.
  • Total group loss after income tax was $2,166,909 and total comprehensive loss was $2,188,693.
  • No dividends were paid, recommended or declared for FY2026.
  • Net tangible assets fell to $262,812, equal to 0.177 cents per share.
  • Management said Mozambique commercial activity improved, especially around LNG developments, but revenues were reduced by limited non-LNG contract opportunities.
  • A $687,286 impairment of property, plant and equipment was recognised following reassessment of Projectos Dinamicos assets.
  • The group’s tender book exceeded US$200 million at year end, supporting confidence in future LNG-related contract wins.
  • Cash at 30 June 2026 was $141,318, down from $429,560, and net cash used in operating activities was $958,171.
  • The report stated a material uncertainty exists regarding going concern due to losses, low cash and current liabilities of $2,126,366.
  • Current convertible notes totalled $1,225,761, with some matured notes remaining at call while repayment discussions continued.
  • RBR completed a 30-for-1 share consolidation effective 28 November 2025.
  • The company issued shares during the year for capital raising and to settle part of director and consulting fees.
  • A contingent Mozambique tax matter involving Futuro Skills Mozambique was disclosed with potential exposure of about US$50,000.
  • After year end, RBR agreed in principle to convert $75,000 of convertible notes into shares and options, with $250,000 to be repaid in cash by 15 September 2026.
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.