• Secured A$300,000 domestic purchase order
• Received positive market feedback on new product range
• Progressed China expansion with A$382,000 order from Shanghai partner

Merino & Co. (ASX: MNC) has reported a strong Q3 FY26, with the company continuing to make progress on its domestic and international growth strategy. During the quarter, the company secured a A$300,000 domestic purchase order, supporting its strategy to rebuild and strengthen its Australian wholesale distribution footprint. The company also received positive early market feedback on its recently launched product range, resulting in approximately A$92,500 in orders. Additionally, Merino & Co. progressed well with its Shanghai distribution agreement, securing a further A$382,000 order, indicating positive reception from the China market. The company remains focused on disciplined execution, aligning production capability, inventory, and operating resources to support these growth opportunities. The company's cash position at the end of the quarter was A$654,282, compared to A$1.168 million in the previous quarter, reflecting investments in product manufacturing and delivery, marketing, and staffing to support the expanded commercial activity and growth initiatives.

The company reported quarter revenue of A$441,558, reflecting its current transition phase as it rebalances product, inventory, and channel strategy. The company remains focused on disciplined cost management, production execution, and converting recent commercial momentum into operating cash inflows.

Merino & Co. is focused on disciplined execution, aligning production capability, inventory, and operating resources to support its domestic and international growth opportunities. The company is encouraged by the early commercial momentum in China and is working to ensure expenditure is aligned to confirmed demand, near-term delivery, and sustainable long-term shareholder value.