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Novatti Group Limited (ASX:NOV)

ALERT: Price-sensitive ASX Announcement for NOV
Current share price for NOV : $0.017 -0.014 (-45.16%)+
Announcement
Release
30 Jan 2026 8:36AM
Price at Release
$0.031
Full Release
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Summary
In the second quarter of the financial year 2026, Novatti Group Limited achieved its fourth consecutive quarter of positive EBITDA for its Payments AU/NZ division. Novatti secured a new contract with a major telecommunications company and reported a 16% increase in issuing revenue. The company raised $1 million in growth funding from Australian Wealth Advisors Group Ltd to propel its growth strategy, including enhanced marketing and product development. Novatti's investment in AUDC Pty Ltd saw its value rise to $16 million following a successful Pre-Series A funding round. The company also strengthened its board by appointing two new non-executive directors. The report confirms compliance with Australian Accounting Standards and was approved for release by the company's Chairman and CEO.
Key Points
  • Four consecutive quarters of positive EBITDA in Payments AU/NZ.
  • New contract with a tier-one telecommunications company.
  • 16% increase in issuing revenue.
  • $1 million in growth funding secured.
  • AUDC Pty Ltd investment value increased to $16 million.
  • Board strengthened with two new non-executive directors.
  • Compliance with Australian Accounting Standards confirmed.
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.