Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Skin Elements Ltd (SKN.ASX) |
|---|---|
| Release Time | 31 Jul 2026, 8:21 a.m. |
| Price Sensitive | Yes |
Skin Elements Ltd Q1 FY2026 Financial Report
- Secured $1.47M in capital funding through options exercise and placement
- Entered exclusive distribution agreement with Farmlands for ECO-Nurture
- Completed board renewal with new directors appointed
- Received $288K interim advance from Radium Capital for R&D rebate
- Net cash outflows from operating activities for the quarter were $874K
Skin Elements Ltd (ASX: SKN) released its Quarterly Activity Report for Q1 FY2026, highlighting key achievements and financial details. The company secured $1.47M in capital funding through the exercise of unlisted options and a placement, raising $570K and $900K respectively. An exclusive distribution agreement was secured with Farmlands Co-Operative Society for ECO-Nurture, a horticultural bio-stimulant, with an initial order of 4,000 liters. The company also completed a board renewal, appointing new directors and removing existing ones. Additionally, Skin Elements received an interim advance of $288K from Radium Capital for its R&D rebate. Despite these achievements, the company reported net cash outflows from operating activities of $874K for the quarter.
Net cash outflows from operating activities for the quarter were $874K
Skin Elements expects to continue operations and meet business objectives with existing cash reserves, increased sales from Farmlands, and additional cash from the July equity placement.