Key points
- Revenue decreased by 19% to $1,977,391
- Loss from ordinary activities reduced by 30% to $4,980,000
- Net tangible assets per share improved to $0.0253
- No dividends proposed, no buybacks
- Balance sheet significantly improved, debt eliminated
Full summary
Eden Innovations Ltd released its Preliminary Final Report for the year ending 30 June 2026. The company reported a 19% decline in revenue to $1,977,391 from $2,433,040 in the previous year. Loss from ordinary activities after tax decreased by 30% to $4,980,000. The company's financial position improved significantly with the elimination of bank debt, conversion of related party loans into equity, and an increase in cash reserves. The company also reported a gain of $4,245,156 from the sale of the Augusta, Georgia property. No dividends were proposed, and there were no share buybacks during the financial year.
Guidance
Revenue for FY2026: $1,977,391; Loss after tax: $4,980,000
Outlook
Eden Innovations Ltd aims to leverage its improved financial position to drive growth in its core markets, particularly the data center back-up power market in the United States.