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Sportshero Limited (ASX:SHO)

ALERT: Price-sensitive ASX Announcement for SHO
Current share price for SHO : $0.040 -0.037 (-48.05%)+
Announcement
Release
29 Apr 2026 8:14AM
Price at Release
$0.077
Full Release
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Summary
SportsHero Limited's quarterly report highlights significant cash flow activities, including a net usage of A$565k in operating activities and substantial financing initiatives through equity issuance and share placements, raising A$4.3 million. The company ended the quarter with A$3.961 million in cash and cash equivalents, supported by a robust financing strategy with A$812k in unused facilities. HeroPlay experienced substantial subscriber growth, driven by partnerships in SE Asia, with expectations of increased revenue from higher-tier subscriptions and expanded telco collaborations.
Key Points
  • SportsHero Limited reported a net cash used in operating activities of A$565k for the current quarter.
  • The company received A$4,000k from issues of equity securities.
  • Proceeds from the exercise of options totalled A$578k.
  • Cash and cash equivalents at the end of the quarter were A$3.961 million.
  • The company has unused financing facilities available totalling A$812k.
  • Payments to related parties totalled A$146k for the quarter.
  • SportsHero received firm commitments to raise A$4.3 million through a share placement.
  • HeroPlay operations saw rapid subscriber growth with an average of 3,032 sign-ups per day by the end of March 2026.
  • The company projects increased subscription revenues as it expands partnerships with SE Asian telcos.
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.