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Spenda Limited (ASX:SPX)

ALERT: Price-sensitive ASX Announcement for SPX
Current share price for SPX : $0.004 0.001 (16.67%)+
Announcement
Release
31 Oct 2025 11:27AM
Price at Release
$0.003
Full Release
download
Summary
Spenda Limited's Quarterly Activities/Appendix 4C Cash Flow Report for Q1 FY26 reveals a focus on cash flow management and strategic cost reduction following management changes. The company reported cash receipts of approximately $2.09 million, with an increase in payment volumes to $204 million, up 88% from the previous year. Operating costs were reduced by 52%, and the average monthly cash burn decreased by 8%. During the quarter, Spenda executed a $3.5 million convertible note facility with Obsidian Global GP LLC to support its financial stability. The company remains focused on scaling its finance and payments products and expanding its market reach.
Key Points
  • Spenda Limited's cash receipts were approximately $2.09 million for Q1 FY26.
  • Payment volumes increased by 88% to $204 million compared to the previous year.
  • Operating costs decreased by 52%, and the average monthly cash burn reduced by 8%
  • Executed a $3.5 million convertible note facility with Obsidian Global GP LLC.
  • Focus remains on scaling finance and payments products and expanding market reach.
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.