PPK.ASX: PPK receives $27.2m in cash following divestment of CIB

PPK receives $27.2m in cash following divestment of CIB

Stock	PPK Group Ltd (PPK.ASX)
Release Time	29 Jun 2026, 5:14 p.m.
Price Sensitive	Yes

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PPK Group Completes Sale of CIB, Receives $27.2m Cash

Key Points

PPK receives A$27.2m in cash from Mehler
PPK holds approximately A$25.7m in cash reserves
Sale represents a return of 454% on initial investment
PPK anticipates further A$0.5m in deferred consideration
Potential future earn-out of up to A$6.0m

Full Summary

PPK Group Limited has completed the sale of its 39.85% interest in Craig International Ballistics Pty Ltd (CIB) to M-Sicherheitsbeteiligungen GmbH (Mehler), receiving A$27.2 million in cash. After repaying debt, PPK holds approximately A$25.7 million in cash reserves. The sale represents a return of 454% on PPK's initial investment of A$5.0 million. PPK anticipates receiving an additional A$0.5 million in deferred consideration and up to A$6.0 million in future earn-out payments, both expected in the first half of CY28. The sale recapitalized PPK without additional shareholder dilution, providing strategic flexibility and covering operating costs in the short-to-medium term.

Guidance

PPK anticipates receiving up to A$6.5 million in future payments by H1 CY28

Outlook

PPK continues to progress a strategic review of its remaining investments, aiming to create shareholder value.