Key points
- Completed $2.5M capital raising
- Secured exclusive distribution agreement for ECO-Nurture in New Zealand
- SuprCuvr in use by Spotless for Melbourne rail network
- Significant increase in net tangible assets
- Board changes and shareholder requisitions
Full summary
Skin Elements Ltd's FY2026 Preliminary Final Report reveals a $2.5M capital raise, a distribution agreement for ECO-Nurture in New Zealand, and SuprCuvr's use by Spotless for Melbourne's rail network. The company's net tangible assets increased significantly, and there were notable board changes and shareholder requisitions. Despite a revenue decrease, the loss from ordinary activities after tax increased. The company plans to focus on natural anti-microbial technology and future capital raising.
Guidance
FY2026 revenue decreased by 50.64%, loss from ordinary activities after tax increased by 205.30%
Outlook
Skin Elements Ltd plans to continue developing and commercializing its natural anti-microbial technology, with potential future capital raising through equity placement, private placement, or entitlement issue.