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Spenda Limited (ASX:SPX)

ALERT: Price-sensitive ASX Announcement for SPX
Current share price for SPX : $0.003 0 (0%)+
Announcement
Release
28 Jan 2026 4:31PM
Price at Release
$0.003
Full Release
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Summary
Spenda Limited, an innovative provider in the workflow software, embedded finance, and payment solutions space, reported significant growth and strategic advancements for the quarter ending 31 December 2025. Key achievements included a 34% increase in cash receipts to $2.8 million, a record total payment volume of $227 million, and continued execution of cost rationalization efforts resulting in $320,000 in monthly savings. The company introduced a simplified 3-pillar product strategy, focusing on Spenda Ledger, Spenda Pay, and Spenda Retail, aimed at enhancing customer engagement and expanding market reach. Corrie Hassan was appointed as the permanent CEO following a stabilization period, while the board was strengthened with new appointments, including Karim Razak. The financial position remains stable with cash and cash equivalents at $1.5 million, supported by anticipated R&D refunds and continued focus on scaling recurring revenue streams and cost management.
Key Points
  • Q2 cash receipts increased by 34% to $2.8 million.
  • Record payment volumes of $227 million, a 65% year-on-year increase.
  • Cost rationalization program saving $320,000 monthly, reducing cash burn.
  • Introduction of a new 3-pillar product strategy: Spenda Ledger, Pay, and Retail.
  • Appointment of Corrie Hassan as permanent CEO.
  • Cash position stable at $1.5 million with expected R&D refunds.
  • Focus on scaling recurring income streams and cost management.
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.