Highlights

  • Bridge sold its entire stake in Brightside Disability Support & Respite for $1.5 million cash on 13 July 2026.
  • Shareholders approved a placement of up to $3.5 million on 26 June 2026, with roughly 99.9% voting in favour.
  • Half-year revenue to 31 December 2025 rose to $5.63 million from $3.08 million, and profit after tax reached $2,287.
  • Bridge continues research on AI and humanoid robotics for NDIS services and seeks US joint-venture partners.

A single sale has sharpened the focus at Bridge SaaS Ltd (ASX:BGE). On 13 July 2026, the NDIS-focused software and services company sold its entire stake in Brightside Disability Support & Respite Pty Ltd for $1.5 million in cash, then narrowed its attention to three areas: its NSW business, its software platform and sector research.

Brightside Exit Narrows the Focus

The price roughly matched the original cost, and including dividends received, the investment produced an overall gain. Proceeds add to cash reserves and give room to fund the wholly owned operations, the software platform and technology development.

Following a board strategic review, Bridge will concentrate on its wholly owned NSW business, Bridge Disability Support Pty Ltd, its core software platform and NDIS-sector research and development.

Half-Year Results Show Revenue Growth

For the half year to 31 December 2025, total revenue was $5,633,658, against $3,077,677 in the prior period, all from NDIS care services. Profit after tax was $2,287, compared with a loss of $424,040. Cash was $287,122, down from $561,811 at 30 June 2025, and net assets were $1,657,455.

The review included a material uncertainty on going concern. Directors said the company can raise additional capital under its general placement capacity if required. A supported independent living residence opened in Southwest Sydney in November 2025.

Funding Steps and Cash Position

At an extraordinary general meeting on 26 June 2026, all four resolutions carried on a poll with roughly 99.9% in favour. They covered the share issue for the placement, placement options, broker options and director options for the Non-Executive Chairman. The placement of up to $3.5 million was not complete at 31 July 2026.

Cash was $35,682 at 30 June 2026, with a net operating outflow of $268,000 for the quarter and 0.1 quarters of funding estimated. The company said the Brightside proceeds strengthen its position. A loyalty options bonus issue offered one option for every ten shares at nil issue price, exercisable at $0.03 and expiring on 31 May 2031, which could raise about $599,476 if fully exercised.

Strategy and Outlook

Bridge describes itself as building an integrated disability services and SaaS-enabled workflow platform across the NDIS sector, aiming for a scalable, multi-state disability services platform. It continues AI and humanoid robotics research and is seeking joint ventures or strategic partnerships with US humanoid robotics developers to speed development, testing and possible deployment in Australia.

In February 2026, the company forecast that Bridge Disability Support would become cash-flow positive over the next 12 months.

Stock Price Information

Bridge SaaS shares rose 20% to A$0.006 on 27 October 2026, giving the company a market capitalisation of about A$1.2 million. The stock is down 53.85% over the past year.