Highlights

  • Revenue from customer contracts rose to A$3.09 million in FY26, up from A$2.23 million a year earlier.
  • The company recorded a FY26 net profit after tax of A$109,171, reversing a A$128,795 loss in FY25.
  • Customer receipts in the Sep-2026 quarter were A$461k, below the A$585k collected in the same quarter of 2025.
  • Cash stood at A$343k on 30 September 2026, representing about 1.28 quarters of funding at the latest burn rate.

Adelaide-based Oakridge International Limited (ASX:OAK) closed FY26 in profit after a loss the year before, driven by stronger nurse call and Assistive Technology sales into aged care, disability and hospital settings.

The opening months of FY27 were slower on cash. Receipts eased in the September quarter, and the company now points to several larger projects awaiting purchase orders, approvals or delivery scheduling to lift cash flow.

Revenue Growth Delivers a Return to Profit

For the year to 30 June 2026, Revenue from customer contracts climbed to A$3.09 million from A$2.23 million, while total revenue and other income reached A$3.45 million, including an R&D tax concession of A$349,527. The result was a net profit after tax of A$109,171, compared with a loss of A$128,795 in FY25.

Operating Cash Flow turned positive at A$127,028, cash at bank rose to A$637,641 and net Assets increased to A$1.36 million. No Dividend was declared for FY26.

Equity also came from within the board. On 30 June 2026, Montague Capital, an entity associated with executive chairman and chief executive Con Unerkov, exercised 4,999,943 Options at A$0.07, raising about A$350,000 and lifting shares on issue to 31,997,851.

Product Development Across the NuCaMS Platform

Oakridge designs and distributes its own nurse call hardware and software for hospitals, aged care, disability care, supported independent living and retirement living. During FY26, it enhanced its NuCaMS and NuCaMS Enterprise platforms, completed real-time location system call point and resident pendant work, delivered first-stage enterprise reporting and integrated with Microsoft Azure.

Development continued in the Sep-2026 quarter on single sign-on, mobile app reliability testing, annunciator firmware and a new call point specification. Work also progressed towards ISO 9001:2015 and ISO 27001 readiness.

Quarterly Cash Tightens After a Strong Year

Customer receipts for the Sep-2026 quarter were A$461k, and net cash used in Operating Activities was A$267k after staff costs of A$350k. Cash declined to A$343k at 30 September from A$638k at 30 June, and the company has no Loan or Credit facilities in place.

With less than two quarters of funding, management stated that it expects operating cash flows to increase over the next two quarters through inventory investment, receivables collection and a growing order pipeline. It is evaluating funding options and believes additional funds are likely to be obtainable. The board also continues to negotiate with Teko International over a potential claim first raised in July 2020 relating to a 2020 share placement.

Outlook: Converting the Pipeline in FY27

Management expects channel activity, qualified opportunities and project conversions to support revenue through FY27, with a pipeline covering partner and direct opportunities in Australia and international markets. The company plans to assess complementary products and AI applications for documentation, quality reporting and compliance, which remain subject to evaluation and commercial assessment. Notice of the Annual General Meeting was issued on 26 October 2026.

Shares were unchanged at A$0.08 on 2 November 2026, giving a Market Capitalisation of about A$2.56 million, and were down 11.11% over 12 months.