InvestSMART

Swoop Holdings Limited (ASX:SWP)

ALERT: Price-sensitive ASX Announcement for SWP
Current share price for SWP : $0.084 -0.026 (-23.64%)+
Announcement
Release
30 Apr 2026 8:28AM
Price at Release
$0.110
Full Release
download
Summary
Swoop Holdings Limited announced its Q3 FY26 results with significant growth in customer receipts, primarily driven by the NBN and Mobile products, and supported by the Melbourne Fibre Project. The company reported a notable improvement in free cash flow despite ongoing investments, particularly in its core business. In addition, Swoop has significantly reduced its annualized operating costs and maintains a strong financial position with $11.2 million in available funding to support ongoing projects. The company also announced a change in its company secretary as part of its corporate governance updates.
Key Points
  • Swoop Holdings Limited released its quarterly cash flow and activities report for Q3 FY26.
  • Customer receipts reached $36.6 million, showing a year-on-year growth of 35%.
  • Free cash flow improved by $0.7 million compared to the previous corresponding period.
  • The core business showed strong momentum with monthly recurring sales up by 67% and revenue up by 17%.
  • Swoop closed the quarter with $11.2 million in available funding, including $4.2 million in cash.
  • The company made significant cost reductions, with annualized operating costs down by approximately $1.1 million.
  • The Melbourne Fibre Project continues to be a major focus for capital expenditure.
  • Swoop announced the change in company secretary from Ms. Louise Bolger to Mr. Hasaka Martin, effective 1 May 2026.
  • No significant events occurred after 31 March 2026.
  • The report was prepared in accordance with ASX Listing Rules, providing transparency of financing and operational activities.
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.