• Reported EBITDA for Q4 FY2026 was $2.5 million lower due to non-cash share-based payment expense
• Underlying EBITDA improved from 1.1% to 7.3% in Q4 FY2026
• FY2026 revenue declined by 89% to $32.1 million due to lower volumes in nbn, Bluecurrent, and Intellihub
• Net cash decreased by $1.2 million to $16.4 million as of June 2026
• The company remains focused on expanding its customer base and pipeline

BSA Ltd published its quarterly activities report, trading update, and ASX Appendix 4C statement of cash flows for Q4 FY2026. The company reported EBITDA of $2.5 million, which included a non-cash share-based payment expense of $2.5 million. Excluding this expense, underlying EBITDA was $0.3 million, with an EBITDA margin of 7.3%. FY2026 revenue declined by 89% to $32.1 million due to lower volumes in nbn, Bluecurrent, and Intellihub. Underlying EBITDA for FY2026 was $6.4 million, a 70% decline from the previous year. Net cash decreased from $17.6 million to $16.4 million, driven by a net cash outflow of $2.3 million for the period, offset by a reduction in restricted cash. The company remains committed to expanding its customer base and pipeline.

FY2026 revenue: $32.1 million, FY2026 underlying EBITDA: $6.4 million

BSA Ltd remains focused on expanding its customer base and pipeline, with several opportunities expected to materialize in the coming periods.