Highlights

  • Half-year revenue to 30 June 2025 fell 21% to $599,012, and the loss after tax narrowed to $646,578.
  • Simble sold its entire Bittensor holding for about $190,000 on 5 September 2025 and stopped buying digital assets.
  • The company raised about $807,375 before costs in the half and held $552,837 in cash at 30 June 2025.
  • Chairman Faldi Ismail received 30 million options at $0.0035 after shareholders approved the issue on 15 August 2025.

Simble Solutions Ltd (ASX:SIS) closed its digital asset experiment and went back to its core business in September 2025. The company sold its entire Bittensor holding, said it would stop buying digital assets and pointed its attention at its CarbonView and SimbleSense platforms, as half-year revenue slipped and losses narrowed.

Half-Year Results Show Narrower Loss

Total revenue for the half year to 30 June 2025 was $599,012, down 21.3% from $761,224. Sales revenue fell 26.2% to $559,492. The loss after tax was $646,578, against $670,372. Cash rose to $552,837 from $322,666 at 31 December 2024, and operating cash outflow was $553,244.

Net liabilities were $382,213, down from $693,031. Current liabilities exceeded current assets by $118,565, and the directors acknowledge a material uncertainty on going concern.

Bittensor Holding Sold

On 5 September 2025, Simble sold all 387.7242 of its Bittensor (TAO) tokens at $490.78 each, raising about $190,000 before costs. The purchase cost was about $200,000, so the loss was about $10,000. The company said it would stop buying digital assets, citing consultation with the ASX and ASX Compliance Update 09/25, and will direct proceeds to working capital.

The company had bought 383.95 TAO for $202,000 on 4 July 2025, after earlier saying it planned to hold about $200,000 of excess cash in the token.

Capital Raising and Board Changes

On 18 June 2025, Simble raised $527,375: a $500,000 placement of 200 million shares at $0.0025, a 17% discount to the last price, plus $27,375 from a third party taking 10,950,000 collateral shares. The at-the-market facility with Alpha Investment Partners was cancelled. Joint lead managers received 6% fees in shares and options at $0.0035, expiring 31 December 2030.

Faldi Ismail became Non-Executive Chairman, and Steve Thornhill moved to Non-Executive Director. On 12 September 2025, Ismail was issued 30 million options at $0.0035, expiring 31 December 2030 and vesting at a 10-day VWAP of $0.007, following shareholder approval on 15 August 2025.

Business and Direction

Simble describes itself as a sustainability solutions group. CarbonView handles carbon and sustainability reporting, and SimbleSense provides energy-monitoring hardware and software. The group has offices in Australia, the UK and Vietnam. It has also pursued projects to become a renewable energy developer, including a memorandum signed in the fourth quarter of 2024 for a project in Gladstone, Queensland. The half-year report relies on revenue growth, cost control and future capital raisings to remain a going concern.

Stock Price Information

Simble Solutions shares were unchanged at A$0.004 on 27 October 2026, giving the company a market capitalisation of about A$8.87 million. The stock is down 33.33% over the past year.