• Net cash used in operating activities of $1.17M in Q3 FY26
• Cash and cash equivalents of $998K at quarter end
• Expects improved cash receipts in Q4 FY26 following major customer contract renewal

Icetana Ltd has released its quarterly cash flow report for the third quarter of the 2026 financial year. The report shows that the company used net cash of $1.17M in operating activities during the quarter, with key cash outflows including $964K in staff costs, $248K in product manufacturing and operating costs, and $116K in advertising and marketing expenses. The company had cash and cash equivalents of $998K at the end of the quarter. Subsequent to the quarter end, on 10 April, the company received approximately $705,000 from the renewal of its largest customer contract, which is expected to support improved cash receipts in the upcoming fourth quarter. The company is also currently assessing and progressing potential capital raising initiatives, including a placement to institutional and sophisticated investors, to support its near-term working capital requirements. Overall, the company expects to be able to continue its operations and meet its business objectives based on the expected improvements in customer cash receipts and its ability to access additional funding.

The company expects improved cash receipts in the upcoming fourth quarter of FY26 following the renewal of its largest customer contract. The company is also progressing potential capital raising initiatives to support its near-term working capital requirements.