Key points
- Revenue increased by 23.9% to $10,839,325
- Gross profit decreased by 38.1% to $1,506,523
- Statutory loss after tax reduced by 43% to $5,363,322
- Net assets at $429,781, down from $1,849,544
- No dividends declared for FY2026
Full summary
Victor Group Holdings Ltd reported a preliminary final result for the financial year ended 30 June 2026. The Group recorded a statutory loss after income tax of $5,363,322, a 43% reduction from the previous year's loss of $9,328,941. Revenue increased by 23.9% to $10,839,325, while gross profit decreased by 38.1% to $1,506,523 due to higher cost of sales. Net assets stood at $429,781, down from $1,849,544 in the prior year. The Group recognized impairment of financial assets-iRich of $4,430,158 and a loss on disposal of assets of $198,405. Net cash from operating activities improved to an inflow of $118,199, compared with an outflow of $580,054 in the prior year. The Group is evaluating opportunities to establish an onshore business presence in Australia and to leverage its software development capabilities across new industry verticals.
Guidance
None
Outlook
Management remains focused on the continued development of its SaaS, IaaS and PaaS solutions, generating cash from core operations, and managing the Group's asset base. The company is evaluating opportunities to establish an onshore business presence in Australia and leverage its software development capabilities across new industry verticals.