Highlights

  • Adslot regained control of Subsidiary Adslot Technologies on 10 August 2026 following its June voluntary administration.
  • Customer receipts rose 13% quarter on quarter to A$1.76 million, including A$0.72 million collected from legacy debtors.
  • Underlying operating outflows fell 33% on the prior corresponding period to A$1.30 million in the Sep-2026 quarter.
  • Group M renewed its Symphony workflow software contract on 3 September 2026 for a fixed 18-month term.

Cost reductions and a cleaner group structure defined the latest quarter for Adslot Ltd (ASX:ADS). The Advertising technology and Digital Marketing company regained control of its main operating subsidiary, Adslot Technologies, on 10 August 2026 under a deed of company arrangement, after the subsidiary entered voluntary administration on 18 June 2026.

In the Sep-2026 quarter, Adslot reported higher receipts, lower salary costs and no debt, while advertising booked through its Rakuten Viber Partnership continued to grow.

Three Businesses Folded Into One Enterprise

Adslot now operates three integrated units. Adslot Media runs the Media Marketplace and StoreFront platforms, which let publishers automate the sale of advertising inventory to small and medium advertisers, with Adslot earning commissions. Its main customer is Rakuten Viber, where StoreFront went live in late 2025 for advertisers in 34 countries.

Webfirm is a digital marketing agency serving SMEs, and its team was restructured during the quarter. Symphony is workflow software for media buying agencies, used by Group M across eight territories. Group M renewed its contract on 3 September 2026 for a fixed 18 months.

Receipts Rise While Outflows Shrink

Customer receipts for the quarter to 30 September 2026 reached A$1.76 million, up 13% on the June quarter. Ongoing operations contributed A$1.04 million, and A$0.72 million came from legacy debtors under the DOCA. Adslot paid A$1.18 million to the deed administrator, and net operating cash outflow was A$0.76 million, compared with A$1.00 million in the June quarter. Excluding DOCA items and legacy collections, the underlying net operating outflow was about A$0.30 million.

Salary costs fell to A$0.82 million, and underlying operating outflows dropped 16% quarter on quarter. The company estimates annualised savings of about A$2.51 million against the prior corresponding period. Advertising Revenue booked through Viber grew substantially on the June quarter, although no dollar figure was disclosed.

Cash Position and Leadership

Cash at 30 September 2026 was A$1.28 million, down from A$1.57 million, with no Loan or Credit facilities in place. The Appendix 4C showed 1.7 quarters of funding, a figure the company said is not representative because of one-off items. The board said the group has sufficient funding to continue operations.

Ben Loiterton is Interim Chief Executive, and Executive Chairman Andrew Dyer agreed in October to extend his engagement for up to three months on the same terms. On 2 November 2026, Adslot issued about 57.4 million shares under its Director Fees Plan for the September quarter.

Plans Into 2027

Adslot and Viber are working on initiatives to grow revenue into 2027, while management sees reasonable prospects for Webfirm revenue growth and break-even trading in FY27. The company expects lower cash burn, is exploring possible M&A opportunities and anticipates an FY26 R&D tax refund of about A$265,000 between late December 2026 and early March 2027. The DOCA is expected to be effectuated and withdrawn in early 2027.

Shares were unchanged at A$0.001 on 2 November 2026, with a Market Capitalisation of about A$5.97 million, flat over 12 months.