Janus Electric Receives A$1.91m R&D Refund, Cuts Debt
Key points
- A$1.91 million FY2026 R&D Tax Incentive refund received
- Rockford loan balance reduced by ~66% to A$987k
- Expected to reduce interest costs by A$325k annually
- Further R&D tax refund pursuit for additional debt reduction
Full summary
Janus Electric Holdings Limited has received its A$1.91 million FY2026 Research and Development (R&D) Tax Incentive refund, reducing outstanding debt and ongoing interest costs. The refund was applied against the existing Rockford loan, reducing the balance from approximately A$2.9 million to A$987k. This is expected to reduce interest costs by approximately A$27k per month, equivalent to A$325k annualised. Janus has also lodged an Advance Overseas Finding with the ATO for FY26 R&D activities undertaken offshore, with any associated refund intended to further reduce the Rockford loan balance.
Guidance
Interest costs expected to reduce by A$325k annually
Outlook
Janus Electric is pursuing further R&D tax refunds to reduce the remaining Rockford loan balance.
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