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Adveritas Limited (ASX:AV1)

ALERT: Price-sensitive ASX Announcement for AV1
Current share price for AV1 : $0.081 -0.079 (-49.38%)+
Announcement
Release
28 Aug 2025 8:53AM
Price at Release
$0.160
Full Release
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Summary
The document is the Appendix 4E and the annual financial statements for Adveritas Limited, detailing their financial performance for the fiscal year ended 30 June 2025. It highlights the company’s segmented revenue, expenses, income, and losses, showing a consolidated loss after tax of $7,085,752. The report segments the operations into Product and Engineering, Sales and Marketing, and Corporate, with substantial marketing revenue coming from international clients. It discusses cash flows, including significant cash used in operating activities and cash generated from financing activities. The balance sheet reflects a net asset position of $4,382,480, with increases in share capital and ongoing currency translation adjustments. The document also outlines share-based payment expenses and the issuance of performance rights to key management personnel, aiming to align with strategic milestones.
Key Points
  • Adveritas Limited reported a loss of $7,085,752 for the year ended 30 June 2025.
  • Revenue primarily came from foreign customers, totaling $7,843,953.
  • Cash flow from operations was negative, primarily due to higher payments to suppliers and employees.
  • The company raised $8,500,000 through share issues during the fiscal year.
  • Net assets increased to $4,382,480, aided by increased share capital.
  • The company issued performance rights to key executives, linked to strategic milestones.
  • Share-based payments expense increased to $990,096.
  • Foreign currency translation adjustments resulted in a positive impact on total comprehensive income.
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.