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Flexiroam Limited (ASX:FRX)

ALERT: Price-sensitive ASX Announcement for FRX
Current share price for FRX : $0.022 0.015 (193.33%)+
Announcement
Release
29 Oct 2025 11:36AM
Price at Release
$0.008
Full Release
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Summary
Flexiroam Limited reported a significant milestone during Q1 FY26, marked by a substantial increase in cash and cash equivalents, indicating a robust foundation for future cash generation. The company's net asset position improved significantly, and it achieved a record positive operating cash flow. A key focus for the quarter was maintaining positive EBITDA while expanding partner programs, aided by the upcoming launch of an AI-assisted connectivity platform in Q2. The company ended the quarter with $2.8 million in cash, supported by an unsecured loan from the CEO for $750,000, and noted payments to related parties for directors' remuneration.
Key Points
  • Flexiroam Limited reported a solid cash generation foundation with cash and cash equivalents increasing by $1.2 million to $2.8 million.
  • The company improved its net asset position significantly to $3.4 million, up from $2.5 million as of 30 June 2025.
  • Flexiroam achieved record positive operating cash flow, highlighting a pivotal milestone in the business reset started in H2 FY25.
  • Payments of $102,000 to related parties were made for directors’ remuneration.
  • For Q1 FY26, the company prioritized maintaining positive EBITDA while scaling partner programs.
  • The launch of a simpler, AI-assisted connectivity platform is planned for Q2.
  • Flexiroam ended the quarter with $2.8 million in cash and cash equivalents.
  • An unsecured loan of $750,000 was provided by CEO Jefrey Ong with a 12% annual interest rate, which remains outstanding at the quarter end.
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.