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Spenda Limited (ASX:SPX)

ALERT: Price-sensitive ASX Announcement for SPX
Current share price for SPX : $0.003 -0.001 (-25%)+
Announcement
Release
31 Jul 2026 9:59AM
Price at Release
$0.004
Full Release
download
Summary
Spenda Limited's quarterly report for the period ending 30 June 2026 details significant operational improvements and financial updates. The company achieved approximately $7 million in annualized cost savings through headcount and infrastructure reductions. The major shareholder, Capricorn Society, increased their holding to about 19.99% following an entitlement offer. Spenda confirmed an FY26 R&D tax offset exceeding $1.75 million, expected to support their cash position. Leadership changes include the appointment of Niv Dagan as Non-Executive Chair, enhancing strategic governance. The company remains focused on reaching cash flow positive operations by optimizing core revenue products and divesting non-core assets. Spenda continues to secure contracts and maintain strong monthly recurring payments, reflecting a robust payments infrastructure across its clientele.
Key Points
  • Appointment of Niv Dagan as Non-Executive Chair.
  • Achieved $7 million in annualized cost savings.
  • Capricorn Society increased holding to 19.99%.
  • Confirmed $1.75 million R&D tax offset for FY26.
  • Continuing efforts to reach cash flow positive operations.
  • Secured contracts and maintained strong transaction volumes.
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.