Highlights

  • Revenue from continuing operations rose to A$1.42 million in FY26, generated entirely by NDIS care services in Sydney.
  • The company sold its 51% Brightside stake on 30 June 2026 for gross consideration of A$1.5 million.
  • Net liabilities reached A$33,439 at 30 June 2026, and directors disclosed a material uncertainty over going concern.
  • The board plans to recruit a technology-focused chief executive before relaunching its software to external providers.

Bridge SaaS Limited (ASX:BGE) spent FY26 reshaping itself around direct disability services, selling its majority-owned Brightside operation and keeping its client-management software off the broad market while the product is modernised.

The year to 30 June 2026 closed with cash of just A$17,341 and net liabilities of A$33,439, before A$1.42 million in Brightside sale proceeds arrived in July.

Brightside Sale Reshapes the Revenue Base

Sales revenue including discontinued operations reached A$11.53 million in FY26, mostly from Brightside Disability Support and Respite, in which Bridge acquired a 51% interest in August 2024. Brightside contributed NDIS care revenue of A$10.11 million and profit after tax of A$137,066 before its disposal.

Bridge sold its entire stake on 30 June 2026 for gross consideration of A$1.5 million. After A$80,000 was withheld for legal fees, net proceeds of A$1.42 million were received in full on 10 July 2026. The company booked a loss on disposal of A$482,674, and the board said the sale concentrates operating and technology work within its wholly owned New South Wales subsidiary.

Employment services revenue, worth A$1.03 million in FY25, fell to nil, as did SaaS revenue.

Direct NDIS Delivery Becomes the Testing Ground

Bridge Disability Support, formed during FY26, opened its first Supported Independent Living residence in Southwest Sydney on 5 November 2025 with three initial participants. The board views direct service delivery as a Supply of real-world operational data to shape the software, which provides integrated client management, customer relationship management and workflow tools for government-funded employment and NDIS providers.

Broad external sales of the platform were paused during the year while the product was reassessed. Work on AI and automation remains exploratory, with no robotics product deployed, no binding development Partnership signed and no robotics revenue recognised.

Leadership Change and a Thin Balance Sheet

Jason Falinski became non-executive chairman on 1 December 2025, when Richard Gordon stepped back from the executive chair and chief executive roles to become a non-executive director. Falinski was granted 8.5 million Options in June 2026, with exercise prices from A$0.03 to A$0.10 and expiry on 30 June 2029.

The loss after tax widened to A$1.68 million from A$871,350, and EBITDA was a loss of A$1.07 million. The directors and the auditor both flagged a material uncertainty related to going concern, with the directors noting that no binding funding commitments exist.

Outlook: Software Relaunch Hinges on New Capability

Directors expect the group to reach positive Operating Cash Flow in FY27, supported by the Brightside receipt and its capacity to raise capital. Other potential funding avenues include the R&D Tax Incentive and government grants, subject to eligibility.

The board plans to recruit a technology-focused chief executive and specialist staff, seek technology and development partners and attend assistive-technology conferences in the United States. The platform is to be relaunched to external NDIS providers only once appropriate Leadership and technical capability are in place, with no date set and no numerical FY27 SaaS revenue forecast adopted. Notice of the Annual General Meeting was issued on 23 October 2026.

Shares were unchanged at A$0.005 on 2 November 2026, giving a Market Capitalisation of about A$999,300, and were down 61.54% over 12 months.