Skin Elements Limited (ASX:SKN)

ALERT: Price-sensitive ASX Announcement for SKN

Current share price for SKN : $0.003 -0.003 (-45.45%)⁺

Announcement

Quarterly Activities/Appendix 4C Cash Flow Report

Release

31 Jul 2026 8:21AM

Price at Release

$0.006

Full Release

Summary

Skin Elements Limited reported its quarterly activities and cash flow for the period ending 30 June 2026. The company secured an exclusive distribution agreement with Farmlands Co-Operative Society for its ECO-Nurture product in New Zealand, including an initial order worth NZ$600,000. It raised $1.47 million in capital through the exercise of options and a placement to investors. The board experienced significant changes with the appointment of new non-executive directors. Operating cash outflows for the quarter were $874k, with significant legal and corporate costs incurred due to extraordinary shareholder meetings. The R&D Rebate Advance Facility was fully utilized, and net cash from financing activities reached $809k, with cash reserves at $840k by the end of the quarter.

Key Points

Farmlands Distribution Agreement secured for ECO-Nurture in New Zealand.
Capital funding of $1.47 million raised through options exercise and placement.
Board renewal with new non-executive directors appointed.
Operating cash outflows include $874k for the quarter.
Legal and corporate costs included extraordinary meetings expenses.
R&D Rebate Advance Facility fully drawn at $288k.
Net cash from financing activities was $809k for the quarter.
Cash and cash equivalents at quarter end were $840k.

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.