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RooLife Group Ltd (ASX:RLG)

ALERT: Price-sensitive ASX Announcement for RLG
Current share price for RLG : $0.005 0.001 (25%)+
Announcement
Release
28 Aug 2026 3:06PM
Price at Release
$0.004
Full Release
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Summary
RooLife Group Ltd’s Appendix 4E and Annual Report for the Australian financial year ended 30 June 2026 report a major transition in the business, with the company shifting from legacy digital marketing activities to selling its own branded food and beverage products in China, led by RLG Coffee, and building a renewable energy platform through Aurora Advanced Technologies; for FY2026, Appendix 4E states revenue from continuing operations rose to $9.93 million from $2.70 million, while the audited annual report shows total revenue of $9.93 million versus $4.62 million in FY2025, customer cash receipts increased to $13.64 million, and the net loss widened to $3.58 million due mainly to non-cash impairment charges of $1.63 million and research and development expense of $0.81 million, with no dividend declared; the group divested its Australian digital marketing subsidiary CHOOSE Digital in July 2025, raised $2.0 million in August 2025, ended the year with cash of $1.11 million and net assets of $0.87 million, recorded net tangible assets of $866,401 or about $0.0005 per share, and incorporated RooLife Global Commerce (Zhuhai) Co., Ltd and 60%-owned Liange Coffee (Zhuhai) Co., Ltd, while after year end it raised a further $1.06 million and completed the scrip-based acquisition of Kabunga Holdings’ renewable energy business; the financial statements were audited by HLB Mann Judd with an unqualified opinion, with key audit focus on goodwill impairment and going concern.
Key Points
  • Appendix 4E and Annual Report were released on 28 August 2026 for the year ended 30 June 2026.
  • RLG reported strong revenue growth as it transitioned to selling its own branded products, especially RLG Coffee in China.
  • Appendix 4E reported revenue from continuing operations of $9.93 million, up 268% from $2.70 million in the prior corresponding period.
  • The annual report stated total revenue of $9.93 million versus $4.62 million in FY2025 and customer cash receipts of $13.64 million versus $4.87 million.
  • Net loss for FY2026 was $3.58 million, impacted by non-cash items of about $1.75 million and renewable energy research and development expense of $814,413.
  • No dividend was declared or paid for FY2026.
  • Net tangible assets were $866,401, with NTA backing of approximately $0.0005 per share at 30 June 2026.
  • Cash and cash equivalents at year end were $1.11 million, more than double the prior year balance.
  • RLG divested its Australian digital marketing subsidiary CHOOSE Digital in July 2025 as part of its strategic repositioning.
  • The company launched and scaled its food and beverage range in China from August 2025, generating about $9.5 million in first-year sales from launch to 30 June 2026.
  • Aurora Advanced Technologies became the vehicle for RLG’s renewable energy activities, including battery storage, solar and energy management technology.
  • The company incorporated RooLife Global Commerce (Zhuhai) Co., Ltd and Liange Coffee (Zhuhai) Co., Ltd during the year.
  • RLG completed a $2.0 million placement in August 2025 and raised a further $1.06 million after year end in July-August 2026.
  • After balance date, RLG completed the acquisition of Kabunga Holdings’ renewable energy business on a 100% scrip and performance-based basis.
  • The FY2026 financial statements were audited and received an unqualified audit opinion.
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.