CPT Global (ASX:CGO) Reshapes Its Leadership as Half-Year Accounts Await Completion

Aditi Sarkar

27 October 2026 10:24 PM AEDT

CPT Global (ASX:CGO) Reshapes Its Leadership as Half-Year Accounts Await Completion

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Trading in the company's shares was suspended on 2 March 2026 for not lodging a required periodic report on time.
FY25 revenue rose 12% to $23.1 million, and the pre-tax loss narrowed to $133,604 from $1.41 million.
Chair Nick Mescher resigned on 26 June 2026, and the board is working to appoint a non-executive director.
Gerry Tuddenham became Company Secretary on 28 August 2026 as the company prepares a finance leadership transition plan.

CPT Global Ltd (ASX:CGO) is dealing with a reporting delay and a run of leadership changes at the same time. Its shares were suspended from 2 March 2026, its accounts for the half year to 31 December 2025 were still being finalised with auditors at the most recent update, and its board and finance team have seen a series of changes since mid-2025.

Suspension Follows a Missed Reporting Deadline

ASX suspended trading from the start of the session on 2 March 2026 under Listing Rule 17.5, after the company did not lodge a required periodic report by its due date. Updates on 8 May and 2 June 2026 said the company was still finalising accounts for the half year ended 31 December 2025 with its auditors. The company said it could not provide assurances on when the work would finish and promised regular updates.

Board and Finance Team Reshuffled

Steve Targett stepped down as Chair from 31 August 2025, with Nick Mescher taking the role. Chief Financial Officer and Company Secretary Nathan Marburg was due to depart on 31 December 2025, and non-executive director Deborah Hadwen, who chaired the Audit and Risk Committee, stepped down in February 2026. Mescher resigned as director and Chair on 26 June 2026, effective immediately, and the board said it is working toward appointing a non-executive director as soon as possible.

In August 2026, Group Financial Controller Chelsea O'Hare resigned effective 21 August, and the company said it is working on a CFO and Group Financial Controller transition plan. Gerry Tuddenham became Company Secretary on 28 August 2026, after Kate Goland of CSB Corporate Services resigned from the role. In June 2026, 1,941,874 unquoted performance rights lapsed after performance conditions were not met, leaving 6,361,915 rights and 41,897,365 ordinary shares on issue.

Preliminary Results Show Revenue Growth

In its preliminary results for the year ended 30 June 2025, revenue rose 12% to $23,135,589 from $20,714,755. The loss before tax narrowed to $133,604 from $1,410,041, and the net loss after tax was $706,214, compared with $1,589,354. Cash reached $1,655,513 against $1,599,267 a year earlier. Debtor funding drawn was $176,327, with $253,749 available, and the company raised no new capital during the year.

Outlook and Pending Milestones

The company described momentum as strong in the US, Europe and Canada, said cost reduction may continue should business conditions not improve as anticipated, and called currency tailwinds variable. It intends to return to its traditional dividend payout ratio, subject to profitability reaching acceptable levels. No dividend was declared.

Pending milestones carry no dates. They include completing the half-year accounts, appointing a non-executive director and finalising the finance leadership transition plan.

Stock Price Information

CPT Global's last traded price was A$0.09 on 27 October 2026, unchanged, with a market capitalisation of about A$3.77 million. The stock is up 5.88% over the past year.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.