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TrivarX Ltd (ASX:TRI)

ALERT: Price-sensitive ASX Announcement for TRI
Current share price for TRI : $0.022 -0.001 (-4.35%)+
Announcement
Release
24 Feb 2026 2:53PM
Price at Release
$0.023
Full Release
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Summary
TrivarX Limited's Appendix 4D and half-year financial report for the period ending 31 December 2025 indicates a significant decline in revenue and a substantial increase in net loss compared to the previous year. The company did not declare or pay any dividends during this period. While the net tangible assets per share increased, the financial report raises concerns about the company's ability to continue as a going concern, a point emphasized in the auditor's review. Additional shares and options were issued to employees and directors as compensation, and no other related party transactions were noted. The directors remain confident in the company's ability to meet its financial obligations, with the financial statements complying with Australian Accounting Standards.
Key Points
  • TrivarX Limited reported a revenue decline from $1,128,701 in 2024 to $2,270 in 2025.
  • The company experienced a substantial increase in net loss from $91,083 in 2024 to $1,258,272 in 2025.
  • No dividends were declared or paid for the half-year ending December 2025.
  • The net tangible asset per ordinary security increased from 0.028 cents in 2024 to 0.248 cents in 2025.
  • The financial report indicates a material uncertainty related to the company's ability to continue as a going concern.
  • The auditor’s review report was conducted without modification but highlighted the going concern uncertainty.
  • TrivarX Limited issued additional shares and options as part of employee and director compensation.
  • No other related party transactions were entered into as at 31 December 2025.
  • The directors are confident about the company's ability to pay its debts as they fall due.
  • The financial statements comply with relevant Australian Accounting Standards.
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.