Australian Bond Exchange Holdings Ltd (ASX:ABE) Chief Executive Officer and Managing Director Bradley McCosker addressed shareholders at the company's 2026 Annual General Meeting on 13 November 2026, reporting that revenue rose 47 per cent to $3.55 million in FY2026 and that the Group recorded two consecutive quarters of positive operating cash flow in the June and September quarters.

Key Points

  • FY2026 revenue rose 47% to $3.55 million, with the annual loss narrowing to $1.51 million from $5.61 million in FY2024
  • Trading revenue increased to $2.57 million in FY2026, compared with $1.58 million in the prior year
  • Operating cash outflow for FY2026 was approximately $594,000, compared with $3.55 million in FY2025
  • September quarter operating cash inflow was $1.679 million, the second consecutive positive quarter; cash rose from $249,000 to $1.492 million
  • The annual accounts disclose $2 million of convertible-note principal maturing between April and August 2027

FY2026 Financial Results and Cost Reduction

According to the CEO's address, the Group reported a loss of $1.51 million in FY2026, approximately 73 per cent below the FY2024 loss of $5.61 million. The FY2025 loss was $4.16 million. Employee expenses fell by approximately $802,000 and other expenses fell by approximately $1.06 million in FY2026. The company said a variation to its financial services licence allowed relevant activities to move under its own licence permissions, reducing the cost of the associated authorised-representative arrangement and providing greater operating flexibility.

Quarterly Cash Flow Momentum and Balance Sheet Position

The filing states that the June quarter recorded approximately $191,000 of positive operating cash flow, followed by $1.679 million for the September quarter. The September result included $263,000 of government grants and tax incentives and $150,000 of interest receipts. During the September quarter, the company also reported $436,000 of borrowing repayments. Cash increased from approximately $249,000 at the end of June to $1.492 million at the end of September. The CEO noted that timing and the mix of activity influence quarterly cash flow and that one quarter should not be assumed to represent a normal run rate.

Project Acacia Participation and Technology Focus

The CEO's address disclosed that the RBA and Digital Finance Cooperative Research Centre's final report records ABE's pilot of secondary-market transactions in a tokenised corporate bond digital twin, using pilot wholesale central bank digital currency, as part of Project Acacia. The company said its technology currently supports trading, order management, reporting and settlement, and that improvements in reliability and workflow support client activity management. The filing states the company's focus is on applying technology to identifiable market problems and developing commercial uses that justify the resources committed to them.