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Peppermint Innovation Limited (ASX:PIL)

ALERT: Price-sensitive ASX Announcement for PIL
Current share price for PIL : $0.004 0.001 (33.33%)+
Announcement
Release
29 Aug 2025 5:34PM
Price at Release
$0.003
Full Release
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Summary
Peppermint Innovation Limited has released its full-year financial results for the year ending 30 June 2025, showing a decrease in revenue from $1,273,842 in 2024 to $531,980 in 2025, largely due to lower grant income and other income streams. The net loss for the year was $4,941,913, an increase from the previous year's loss of $4,442,021. Expenses remained high, with significant costs attributed to research and development, employee benefits, and compliance. The company raised additional capital, leading to increased issued capital but also incurred costs related to share issuance. The consolidated statement of financial position indicates a decrease in total assets from $12,430,147 to $11,022,086, primarily due to reductions in inventories and intangible assets. The company also noted a reduction in cash and cash equivalents at year-end, despite positive cash flow from financing activities. No significant events occurred after the reporting period. The financial statements are in the process of being audited.
Key Points
  • Revenue decreased to $531,980 in 2025, from $1,273,842 in 2024.
  • Net loss increased to $4,941,913 in 2025, from $4,442,021 in 2024.
  • Significant expenses in research and development, employee benefits.
  • Increase in issued capital alongside share issuance costs.
  • Total assets decreased due to lower inventories and intangible assets.
  • Cash and cash equivalents reduced at year-end despite positive financing cash flow.
  • No significant post-reporting period events noted.
  • Financial statements are being audited.
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.