Key points
- Revenue from ordinary activities fell 98% to $319,000
- Loss for the year attributable to owners down 91.3% to $347,000
- Loss of control over subsidiaries leading to deconsolidation
- Company exploring strategic options to recommence operations
- Material business risks identified, including going concern and liquidity
Full summary
Freedom Care Group Holdings Ltd reported significant financial challenges for the year ended 30 June 2026, with revenues from ordinary activities down 98% to $319,000 and a loss for the year of $347,000, a 91.3% decrease from the previous year. The company lost control of its subsidiaries, Freedom Care Group Pty Ltd and Regional Disability Services Group Pty Ltd, in January 2025, leading to their deconsolidation from the financial statements. The company is currently assessing strategic options to recommence operations, including potential acquisitions or partnerships. The board has identified several material business risks, including the company's ability to continue as a going concern and the recoverability of investments in associated entities.
Guidance
Loss for the year attributable to owners: $347,000
Outlook
Freedom Care Group Holdings Ltd is exploring strategic options to recommence operations and deliver value to shareholders.