Highlights

  • FY25 revenue fell to $815,877 from $3.23 million after a sales suspension to GSM Electrical.
  • Net loss was $3.25 million, and cash at year end stood at $215,963 against $520,572 a year earlier.
  • The company raised $2.5 million through a placement and announced a further $1.85 million raising after year end.
  • Shareholders approved related-party agreements on 28 April 2025, including distribution and manufacturing arrangements with Zencontrol entities and GSM Electrical.

ZIMI Ltd (ASX:ZMM) spent FY25 rebuilding after a sales pause that cut its revenue by more than three quarters. The smart-home technology company reported revenue of $815,877 for the year to 30 June 2025, raised fresh capital and won shareholder backing for a new set of manufacturing and distribution arrangements.

Revenue Falls After Sales Suspension

FY25 revenue was $815,877, down from $3,231,843. The company attributed the fall to a late-2024 suspension of sales to GSM Electrical, which was lifted on 28 April 2025 after ASX and shareholder approval. The net loss after tax was $3,252,864, against $3,365,212 in FY24. Cash was $215,963 at year end, from $520,572.

In the first half to 31 December 2024, revenue was $421,197 against $2,410,035 a year earlier. The loss after tax was $2,291,063, and cash was $1,071,106. Both reports flag a material uncertainty over going concern.

Raisings Support the Rebuild

ZIMI raised $2,495,294 through a placement of 249,529,391 shares in FY25, including a $2,375,000 shortfall placement. It also issued 40,599,717 shares to entities associated with director Simon Gerard to settle creditor amounts for finished goods.

The placement and creditor settlement together added more than 290 million new shares during the year, diluting existing holders. After year end, the company announced a further $1.85 million raising. It received $375,000 in July 2025 and expected $1.48 million in September 2025.

Related-Party Agreements Approved

At a general meeting on 28 April 2025, shareholders carried all five related-party resolutions. They covered the conversion of creditor amounts into shares for Gerard Private Holdings, ratification of a historical sale to GSM Electrical, proposed sales under the GSM Electrical and Zencontrol Pty Ltd distribution agreements and a proposed purchase under the Zencontrol Limited manufacturing agreement. The fifth resolution drew the most opposition, at about 2.27% of votes cast.

Strategy and Outlook

The company says it is focused on reaching the scale and turnover needed for profitability, while continuing research and development, including Smoke Connect and the Senoa PRO range. It describes itself as well positioned for growth, which depends on reaching scale, the new manufacturing and distribution arrangements and securing planned capital. Research and development continued through the year, with spending directed at Smoke Connect and the Senoa PRO range, and commercial progress depends on the resumed GSM Electrical channel and on securing the planned funding. The directors prepared the accounts on a going concern basis but disclose a material uncertainty.

Stock Price Information

ZIMI shares were unchanged at A$0.004 on 27 October 2026, giving the company a market capitalisation of about A$4.6 million. The stock is down 42.86% over the past year.