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Xamble Group Limited (ASX:XGL)

ALERT: Price-sensitive ASX Announcement for XGL
Current share price for XGL : $0.005 -0.002 (-28.57%)+
Announcement
Release
1 Oct 2026 9:33AM
Price at Release
$0.007
Full Release
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Summary
Xamble Group Limited announced leadership and board changes effective 1 October 2026 to support its next phase of growth following improved H1 FY2026 performance, with Adrian Tan confirmed as permanent Chief Executive Officer after serving in the interim role and Georg Johann Chmiel appointed Non-Executive Chair after Ganesh Kumar Bangah stepped down as Chair and Director due to his appointment as Non-Executive Chair of Malaysia Digital Economy Corporation; Ganesh will remain involved as Board Advisor and a substantial shareholder. The company said the changes are intended to strengthen governance, improve management focus and build on operating momentum reported for the six months ended 30 June 2026, including 16% revenue growth to A$3.64 million, positive underlying business EBITDA in the June quarter and a materially reduced net loss. The announcement also outlines Adrian Tan’s employment terms, including ongoing employment from 1 October 2026 based in Kuala Lumpur, monthly basic salary of MYR45,000, a short-term incentive of up to 25% of annual basic salary, and long-term incentives through unlisted options under the employee securities incentive plan.
Key Points
  • Xamble appointed Adrian Tan as permanent Chief Executive Officer, replacing his interim status effective 1 October 2026.
  • Georg Johann Chmiel was appointed Non-Executive Chair of the Board.
  • Ganesh Kumar Bangah stepped down as Non-Executive Chair and Director after taking on a national-level role with Malaysia Digital Economy Corporation.
  • Ganesh Kumar Bangah will continue to support Xamble as Board Advisor and remains a substantial shareholder.
  • The leadership changes were presented as supporting governance, continuity and execution of Xamble’s growth strategy.
  • Xamble referenced H1 FY2026 results for the six months ended 30 June 2026, including revenue growth of 16% to A$3.64 million.
  • The company said underlying business EBITDA turned positive in the June quarter and net loss narrowed significantly.
  • The post-change board comprises Georg Johann Chmiel, Robert William Sultan and Joanne Khoo Su Nee.
  • Adrian Tan’s remuneration includes MYR45,000 monthly basic salary and a short-term incentive of up to 25% of annual basic salary.
  • Adrian Tan is also eligible for long-term incentives through unlisted options under the company’s employee securities incentive plan.
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.