Spenda Limited (ASX:SPX)

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Announcement

Appendix 4E & Annual Report

Release

31 Aug 2026 3:33PM

Price at Release

$0.003

Full Release

Summary

Spenda Limited’s Appendix 4E and FY26 Annual Report for the Australian financial year ended 30 June 2026 report that revenue from ordinary activities rose 10% to $8.78 million while the loss after tax attributable to owners was $24.02 million, slightly improved from FY25, with net tangible assets per share at negative 0.49 cents and no dividend declared; the business continued repositioning around its SaaS and payments platform, relaunched Spenda Pay as an AI-powered accounts-payable product, divested the Spenda Ledger platform to APG Pay for $1.8 million, received a $2.54 million R&D tax rebate, completed multiple capital raisings and obtained a $3.5 million convertible note facility, but also recorded significant non-cash charges including $6.46 million of intangible asset impairment and $1.52 million of depreciation and amortisation, resulting in total equity moving to a net liability position of $3.74 million at 30 June 2026; the audited report was unqualified but included an emphasis of matter on going concern, reflecting ongoing losses, operating cash outflows, net current liabilities and reliance on revenue growth, cost reductions, asset sales, R&D incentives and access to further funding.

Key Points

Appendix 4E covers the year ended 30 June 2026 for Spenda Limited, ABN 67 099 084 143.
Spenda Limited is listed on the ASX under ticker SPX.
Revenue from ordinary activities increased 10% to $8,780,384 from $7,989,053 in FY25.
Loss from ordinary activities after tax attributable to owners improved slightly to $24,020,100 from $24,309,737.
Net tangible assets per ordinary security were negative 0.0049 cents at 30 June 2026.
No dividends were paid, recommended or declared for FY26.
The preliminary final report was prepared in accordance with AASB standards and based on the audited annual report.
The auditor issued an unqualified audit report with an emphasis of matter on going concern.
Spenda describes itself as an integrated platform enabling businesses to sell better and get paid faster through software and payments services.
Management focused FY26 on streamlining operations, reducing overheads and concentrating on scalable product lines.
Spenda relaunched Spenda Pay on 2 March 2026 as an AI-powered accounts-payable product.
The company divested its Spenda Ledger platform to APG Pay for $1.8 million on 8 May 2026.
Spenda received a $2.54 million R&D tax rebate on 18 February 2026.
A multi-phase cost reduction program delivered substantial monthly and annualised savings during FY26.
The company completed private placements in December 2025 and March 2026 of $1.4 million each.
Spenda also undertook a 1-for-20 share consolidation and an accelerated pro-rata renounceable entitlement offer in June 2026.
A $3.5 million convertible note facility was secured from Obsidian Global to support working capital and growth.
Board and leadership changes were extensive during and shortly after FY26, including the appointment of Niv Dagan as chairman in July 2026.
Statutory loss from continuing operations after tax was $15.29 million versus $27.39 million in FY25.
Non-cash items in FY26 included $6.46 million impairment of intangible assets and $1.52 million depreciation and amortisation.
Spenda reported a discontinued operations loss of $8.73 million, mainly linked to the disposal of the lending business and Spenda Ledger assets.
Total assets fell to $6.09 million from $25.78 million, while total liabilities were $9.82 million at 30 June 2026.
Total equity moved to negative $3.74 million from positive $15.42 million a year earlier.
Cash and cash equivalents were $2.58 million at year end, including restricted merchant funds of $1.47 million.
Operating cash outflow was $7.26 million for FY26.
The company had net current liabilities of $773,042 at 30 June 2026.
The report states there is a material uncertainty that may cast significant doubt on the group’s ability to continue as a going concern.
FY26 revenue was increasingly weighted toward payments revenue and SaaS, with payments revenue of $7.58 million and SaaS revenue of $1.81 million.
Intangible assets were reduced to nil by year end after amortisation, disposal and impairment.
The annual report notes subsequent events including finalisation of the retail entitlement raising of $1.1 million on 10 July 2026.

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.