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TZ Limited (ASX:TZL)

ALERT: Price-sensitive ASX Announcement for TZL
Current share price for TZL : $0.030 0.004 (15.38%)+
Announcement
Release
31 Jul 2026 4:51PM
Price at Release
$0.026
Full Release
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Summary
TZ Limited's Quarterly Activities Report for the June 2026 quarter highlights a net cash outflow of $1.0 million driven by operating expenses, including substantial payments for product manufacturing, staff, and administrative costs. Despite the financial challenges, the company implemented significant cost restructuring to save $1.5 million in wages and is focusing on growth opportunities, particularly in smart access and data centers. A temporary standstill on debt amortisation has been agreed upon due to a current $5 million debt level, and efforts are ongoing to address a $2.3 million shortfall from a Rights Issue. Business updates indicate increased activity with major clients and new projects in the smart lockers division.
Key Points
  • Net cash outflow of $1.0m for operating activities in the quarter.
  • Receipts from operations amounted to $2.93m.
  • Payments for product manufacturing and operating costs totaled $1.9m.
  • Staff costs were $1.3m and administration costs were $0.7m.
  • Interest costs during the quarter were $0.2m.
  • $77,000 was paid to directors for non-executive directors’ fees.
  • A cost restructuring was implemented to save $1.5m in wages.
  • New growth areas are identified in smart lockers/smart access and data centers.
  • Temporary standstill on June quarter debt amortisation with $5m current debt.
  • Discussions to place a $2.3m shortfall from a Rights Issue are ongoing.
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.