Half Yearly Report and Accounts
| Stock | Uscom Ltd (UCM.ASX) |
|---|---|
| Release Time | 27 Feb 2026, 4:20 p.m. |
| Price Sensitive | Yes |
Uscom Ltd reports H1 FY26 results
- Revenue and other income down 38% to $1,174,155
- Gain on disposal of business of $2,353,063
- Net profit of $821,243 mainly due to disposal gain
Uscom Ltd reported its H1 FY26 results, which cover the period from 1 July to 31 December 2025. During this period, the company continued trading from 1 July to 30 November 2025, while from 1 December to 31 December 2025 was a period for completion of the transactions of assets approved by Uscom shareholders on 7 November 2025. The transaction included the sale of all Uscom Limited subsidiaries for a consideration of $2,591,000, which resulted in a pre-tax gain of $2,353,063. Following the disposal of its main business undertaking, Uscom Limited remains listed but is suspended from trading. The company's objective is to have the ASX lift the suspension once the relevant ASX Listing Rules are met, with an ambition to ultimately acquire a viable business of similar nature to preserve continuity of operations. All current shareholdings will be preserved in Uscom Limited, with shareholders offered the opportunity to dispose of their holdings, retain their holdings, or increase their holdings. Management is continuing to seek a suitable acquisition to match its commercial aspirations and shareholder expectations.
Following the disposal of its main business undertaking, Uscom Limited remains listed but is suspended from trading. The company's objective is to have the ASX lift the suspension once the relevant ASX Listing Rules are met, with an ambition to ultimately acquire a viable business of similar nature to preserve continuity of operations.