Quarterly Activities/Appendix 4C Cash Flow Report

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Stock TZ Ltd (TZL.ASX)
Release Time 27 Jan 2026, 5:46 p.m.
Price Sensitive Yes
 TZ Ltd Reports Q4 2025 Cash Flow, Expects Lower Revenue
Key Points
  • Operations resulted in A$790,000 outflow due to timing of large payment
  • Revenue for 1H FY26 30% below expectations, now expected at ~A$17 million
  • Prioritizing installation and commissioning of smart locker/access projects
Full Summary

TZ Limited (ASX: TZL) released its Appendix 4C - Quarterly Cash Flow Report for the quarter ended 31 December 2025. Operations for the quarter resulted in an outflow of A$790,000, which was negatively impacted by the timing of a large payment that was contractually due on 16 December 2025 but was received shortly after quarter end. The company reported receipts from customers of A$2.6 million, payments of product manufacturing and operating costs of A$1 million, payments for staff costs of A$1.47 million, and payments for administration and corporate costs of A$0.6 million. Revenue for 1H FY26 was approximately 30% below internal expectations at A$5.5 million versus A$8.0 million. However, the company expects to materially improve performance in 2H FY26 and does not intend to revise prior full-year guidance, though revenue is now expected to be towards the lower end of the previously stated range, at approximately A$17 million. The company is prioritizing installation and commissioning of smart locker/access projects ahead of 30 June 2026 to enable revenue recognition within the current financial year. Sales to Microsoft via Wesco Anixter remain a key strategic focus, and TZ is finalizing a factoring facility to support future purchase orders. The company is also participating in several data-centre security tenders. Integration of the Keyvision acquisition is now complete, with the operational focus shifting to stabilizing performance and expanding sales activity during the second half of FY26.

Guidance

Revenue for FY26 is now expected to be towards the lower end of the previously stated range, at approximately A$17 million.

Outlook

The company expects to materially improve performance in 2H FY26 compared to 1H FY26, though revenue is now expected to be towards the lower end of the previously stated range for the full year.