Key Highlights

  • Pure One shares were trading at $0.029 during the 13 November 2026 session, down 14.71%.
  • Cash and cash equivalents fell to $1.2 million at 30 September 2026, from $7.2 million at the previous quarter end.
  • The company repaid $2.2 million of borrowings and reported a net operating cash outflow of $1.3 million for the quarter.

During the Trading session on 13 November 2026, Pure One Corporation Ltd (ASX:P1E) shares were trading at $0.029, down 14.71%, while the S&P/ASX 200 was down 0.73% at 9,079.70 at 12:39 pm AEDT. The company's latest update was its September 2026 quarterly activities report and Appendix 5B. The report covered sales activity, product presentations and the quarter's cash flows.

Quarter cash flows

Receipts from customers were $989,000 for the September quarter. Net cash used in Operating Activities was $1.3 million, after sales and Marketing payments of $474,000 and government grants and R&D tax incentives of $20,000. Investing activities used $2.4 million, and the Cash Flow statement includes a line for investments in the Turquoise group. Financing activities used $2.2 million, mainly to repay borrowings, together with Transaction Costs of $32,000 on Lease liabilities.

Cash position

Cash and cash equivalents at the end of the quarter were $1.2 million, compared with $7.2 million at the end of the previous quarter. Payments to related parties, including director fees, consulting fees and wages, totalled $131,000 for the quarter.

Product and sales activity

The Quarterly Report included images from the Sydney Drive Day on 30 September, where the company introduced its Zeus van in four variations and held test drives and sales discussions with prospective customers. The company's managing director, Scott Brown, spoke at the event, and the report noted the arrival of the Alpha and Zeus vehicles in Sydney.

Sector context

Small vehicle and mobility companies typically spend heavily on product development, marketing and dealer or customer engagement before Revenue reaches a stable level. Their quarterly figures can move significantly as large repayments and investments fall due. Investors in this group often weigh cash runway against the pace at which new products and orders convert into receipts.

Risks investors are watching

The company's cash balance has fallen sharply over the quarter, and its operating outflow is significant relative to the cash on hand. Receipts of $989,000 were modest against that outflow. The repayment of borrowings reduced the company's cash, and any further Capital raising could dilute existing holders.

What to watch ahead

Investors will look for the December quarter report, customer order and receipt levels, and details of the company's funding plans. Progress on the Zeus van launch and any update on the Turquoise group line item will also be followed closely.

Final Word

Pure One's September quarter shows a steep fall in cash alongside product promotion and Debt repayment. The coming quarterly figures will show whether receipts rise enough to offset the operating outflow.