Felix Group Holdings Ltd (ASX:FLX), a cloud-based enterprise Software as a Service (SaaS) procurement management platform and vendor marketplace, entered a Trading halt on 24 September 2026 to finalise the terms of a proposed material Equity Capital raising. The halt was requested pursuant to ASX Listing Rule 17.1 and will remain in place until the earlier of an announcement of the capital raise or the commencement of trading on Monday, 28 September 2026.

The Board of Felix Group authorised the request, signed by Company Secretary Stephen Hunter. The company confirmed it is not aware of any reason the halt should not be granted, nor of any other information necessary to inform the market.

Recent Updates from Felix Group Holdings

Shortly before the trading halt, Felix Group released its unaudited preliminary final report (Appendix 4E) for the year ended 30 June 2026, filed on 31 August 2026. Sales revenues from continuing activities increased 38% to $11.512 million. The loss from continuing activities after tax attributable to shareholders was $6.031 million, a 27% increase on the prior year's $4.733 million loss, reflecting the costs of the Nexvia Acquisition and integration.

The most significant development during the year was the acquisition of Nexvia Pty Ltd, completed on 8 October 2025, for total consideration of $11.204 million — comprising $6.275 million cash, $3.682 million in Felix shares, and $1.247 million of contingent consideration. Nexvia is a SaaS platform providing project and Business management solutions to project-led, vendor, and small-to-medium enterprises. The acquisition added a third Revenue segment and contributed $2.773 million in revenue from the date of acquisition through to 30 June 2026.

During the year, Felix raised approximately $16.49 million in equity through placements and a Share Purchase Plan, which funded the Nexvia acquisition and strengthened the balance sheet. Total Assets grew from $5.067 million at 30 June 2025 to $23.797 million at 30 June 2026, largely reflecting the intangible assets and Goodwill acquired with Nexvia. The company held $3.378 million in cash at year end.

As at 13 August 2026, the top shareholders included HSBC Custody Nominees holding approximately 23.5% collectively, and the company had 298.5 million ordinary shares on issue.

What Investors Will Be Watching

The terms of the capital raise, including the pricing discount to the last traded price and whether free-attaching Options are included, will be closely scrutinised given the company's track record of including options in prior placements. Investors will also want to understand how the proceeds are intended to be deployed — whether for product development, sales and Marketing expansion, further acquisitions, or working capital.

Longer term, the key metric for Felix Group will be progress toward Cash Flow breakeven. The Contractor segment generated positive EBITDA of $5.063 million in FY26, but group-level corporate costs remain high. Investors will be watching Nexvia's revenue trajectory under Felix ownership and whether the integration delivers the synergies that justified the acquisition-date goodwill of $5.065 million.