• Customer cash receipts of $7.2 million, down from previous quarter
• Total net cash outflows from operating activities of $3.3 million, higher than previous quarter
• Takeover bid by 5G Networks Limited resulted in them holding 89.685% of AUCyber's shares

AUCyber Limited (ASX: CYB) has released its activity and cash flow reports for the quarter ending 31 March 2025. The company received customer cash receipts from operations of $7.2 million in the quarter, down from the previous quarter's $8.6 million. The year-to-date cash receipts of $29.4 million show a trend of declining receipts, which is consistent with the rationalisation efforts undertaken by the company of unprofitable services and the loss of government work. Revenue is expected to stabilise over the coming two quarters as new initiatives aimed at client retention are fully implemented. Total net cash outflows from operating activities were $3.3 million in the quarter, which was $2.1 million higher than the previous quarter. The increase in net cash outflows was primarily attributed to one-off costs associated with the takeover bid by 5G Networks Limited, including advisory services, run-off insurance payments, consulting services, and staff bonuses. During the quarter, the takeover bid by 5G Networks Limited announced in December 2024 resulted in them holding 89.685% of the company's issued shares. Shareholder and executive changes were also announced, resulting in a complete refresh of the board and executive team. The company announced an entitlement offer during the quarter, which closed after the quarter ended and raised $2.75 million before costs.