Oakridge International Limited (ASX:OAK), an Adelaide-based developer of nurse-call and assistive technology, reported a net profit of $109,171 for the year to 30 June 2026 after a loss of $128,795 a year earlier. The turnaround rested on a 42 per cent lift in revenue, according to a summary of its full-year accounts dated 24 August 2026. That profit swing is the central point of this review.

What Oakridge does

The company designs and distributes its own range of nurse-call and Assistive Technology hardware, along with software, for hospitals, aged care, disability care and supported independent living. Management has said it wants to expand into assisted independent living technologies that draw on its Internet of Things platform. market data sources classes the Business as health technology.

The latest numbers

Reported FY2026 Revenue was $3.45 million. The company attributes the improvement to higher sales and business development activity. Cash at 30 June 2026 was $637,641, up from $468,939 a year before. The summary does not flag a going-concern issue.

The June 2026 Quarterly Report gave a cash-flow view. Receipts from customers were $770,000 for the quarter and $2.962 million for the full year, against $2.458 million in FY2025. Receipts are cash collected, which differs from revenue recognised under accounting rules, so the two figures should not be compared directly.

Funding and shareholders

During the quarter, Montague Capital Pty Ltd, an entity associated with director Con Unerkov, exercised Options and paid $349,996. A cleansing notice lodged on 2 July 2026 confirms 4,999,943 new shares were issued on 30 June 2026, which is consistent with a $0.07 exercise price. Director and executive fees of $107,996 were paid in the quarter.

A separate headline also reported that Montague had crossed a 52 per cent ownership threshold after exercising about 4.99 million options. The detail of that notice could not be read, so this article does not quote ownership figures beyond that headline. Readers should check the original filing.

Product and outlook

In the quarter the company reported progress on a Real-Time Location Systems capability, enterprise reporting and firmware upgrades, while continuing installations across aged care and disability care sites. Management said it expects revenue growth through FY2027 driven by channel activity, qualified opportunities and project conversions, and pointed to a significant Volume of contracted work still awaiting invoicing and milestone delivery. That is company guidance.

Sector context

As general context rather than a sourced claim, care-facility technology suppliers tend to sell in project-sized lumps. Oakridge is a very small supplier, so quarterly results may be uneven.

Risks to weigh

  • Scale: revenue of a few million dollars and cash of under $1 million leave limited buffer.
  • Project timing: delays in installation or invoicing can shift revenue between periods.
  • Legacy claim: the board has acknowledged potential exposure from a 2020 claim by Teko International, which alleges that former directors misrepresented unrecorded liabilities.
  • Liquidity: the stock trades rarely, so prices may not reflect active buying or selling.