Key points
- Revenue decreased by 65.2% to US$382,277
- Net loss increased by 74.5% to US$1,315,984
- New CEO appointed on 2 July 2026
- Proposed acquisition of Quixxi expected to close in current quarter
- Issued 139,285,715 options to raise approximately $1.5 million
Full summary
WhiteHawk Ltd released its half-year financial report for the period ended 30 June 2026. The company reported a 65.2% decline in revenues from US$1,099,836 to US$382,277. The net loss after tax increased by 74.5% from US$754,085 to US$1,315,984. The company experienced these financial challenges due to the discontinuation of a significant social media client. On 2 July 2026, the company appointed Adrian Vallino as its new Group Chief Executive Officer. Additionally, WhiteHawk is in the final stages of acquiring Quixxi, which is expected to complete in the current quarter. The acquisition is anticipated to expand WhiteHawk's portfolio into AI discovery, application visibility, and AI governance. WhiteHawk also issued 139,285,715 options on 28 August 2026, aiming to raise approximately $1.5 million before associated costs.
Guidance
Net loss increased by 74.5% to US$1,315,984 for the half-year ended 30 June 2026
Outlook
WhiteHawk Ltd is focused on converting its expanding opportunity pipeline into deeper customer relationships and scalable growth, with the objective of delivering stronger long-term outcomes for shareholders.