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Sportshero Limited (ASX:SHO)

ALERT: Price-sensitive ASX Announcement for SHO
Current share price for SHO : $0.042 -0.003 (-6.67%)+
Announcement
Release
18 Dec 2025 8:27AM
Price at Release
$0.045
Full Release
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Summary
SportsHero Limited announced a record cash receipt of approximately A$530,000 following the successful launch of its iGV.Com Game Pass product in the Philippines. This milestone, representing the largest cash payment since its ASX listing in 2017, marks a significant step in the company's commercialisation efforts in the Southeast Asian market. The payment is part of a US$1 million contract, with the remaining balance expected by September 2026. The company anticipates ongoing revenue beyond the initial 12-month contract through potential expansions and new customer acquisitions.
Key Points
  • Record cash receipt of ~A$530,000 following the Philippines launch.
  • The payment is part of a US$1 million contract.
  • The largest cash payment since ASX listing in 2017.
  • Successful integration and launch of the iGV.Com Game Pass product.
  • Ongoing monthly payments expected until September 2026.
  • Potential for increased revenue from future expansions.
  • Significant milestone in commercialising opportunities in Southeast Asia.
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.