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Careteq Limited (ASX:CTQ)

ALERT: Price-sensitive ASX Announcement for CTQ
Current share price for CTQ : $0.011 0.001 (10%)+
Announcement
Release
29 Aug 2025 9:25AM
Price at Release
$0.010
Full Release
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Summary
Careteq Limited's preliminary financial report for the year ending 30 June 2025 outlines the company's financial performance and position. The consolidated statement of profit or loss and other comprehensive income shows a total revenue from continuing operations of $8,318,243, an increase from the previous year, although the company reported a total comprehensive loss of $72,204 attributed to owners. Net assets were $1,520,638, significantly down from $3,523,151 in the prior year, reflecting changes in equity components including issued capital, reserves, and retained earnings. The company divested its Sofihub business, expecting improved net cash flow and profitability. The acquisition of the remaining 45% of Embedded Health Solutions was completed. Major expenses included employee benefits, consulting, and depreciation, with no significant customer concentration in revenue. The cash flow statement indicated net cash used in operating activities amounted to $732,058, while investing and financing activities showed positive movements.
Key Points
  • Total revenue from continuing operations was $8,318,243.
  • The company reported a total comprehensive loss of $72,204.
  • Net assets decreased to $1,520,638.
  • Divestment of the Sofihub business was completed.
  • Acquisition of remaining 45% in Embedded Health Solutions.
  • No single customer contributed more than 10% of sales.
  • Net cash used in operating activities was $732,058.
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.