FY26Q2 Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | BSA Ltd (BSA.ASX) |
|---|---|
| Release Time | 30 Jan 2026, 10:07 a.m. |
| Price Sensitive | Yes |
BSA Ltd Reports Q2 FY2026 Results
- Q2 FY2026 revenue of $5.3 million and EBITDA of $0.9 million
- Business restructuring completed, staff numbers reduced from 150 to 40
- Foxtel platform and Wireless businesses delivered positive financial performance
BSA Ltd (the Group) has published its quarterly activities report, trading update, and Appendix 4C statement of cashflows for the quarter ending 31 December 2025 (Q2 FY2026). The Group delivered Q2 FY2026 revenue of $5.3 million and EBITDA of $0.9 million, reflecting a 5.9% increase in EBITDA margin compared to the prior comparative period. This was achieved through strong margin management and disciplined cost control, partly offset by unfavourable outcomes in the NBN tender and other contract renewals. The business restructuring is now completed, with staff numbers reduced from approximately 150 on 30 June 2025 to around 40 as at 31 December 2025. The Foxtel platform delivered positive financial performance, and the Group continues to work with Foxtel on potential new service offerings. In the Wireless business, the Waveconn Statement of Work and the NSW Telcom Authority project both performed strongly. The Electrical Services business is expected to see revenue growth in the second half, with the Group now officially appointed to a national panel of contractors for smart meter installations. While the second quarter delivered a profit of $0.9 million, reflecting a recovery following the loss of key contracts, there remains a risk that the Group may be unprofitable in the second half. Looking ahead, the Group is actively pursuing a range of growth opportunities, including organic initiatives and new client engagements within existing verticals.
YTD FY2026 revenue of $22.8 million declined by 85% vs. prior comparative period, and YTD FY2026 EBITDA of $4.7 million declined by 66% vs. prior comparative period, primarily due to unfavourable outcomes in tenders and contract renewals.
The Group is actively pursuing a range of growth opportunities, including organic initiatives and new client engagements within existing verticals, and remains focused on strengthening the business and delivering value for stakeholders.