How Did Ovanti (ASX:OVT) Narrow Its Operating Cash Outflow in the September Quarter?

Sonal Goyal

20 October 2026 01:25 PM AEDT

How Did Ovanti (ASX:OVT) Narrow Its Operating Cash Outflow in the September Quarter?

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Key Highlights

Net operating cash outflow fell by 90.9% to A$491,096, compared with A$5,407,000 in the June quarter.
Customer cash receipts rose 86.7% to A$793,472.
Ovanti resolved to exit BNPL globally and focus on iSentric and its banking and enterprise customers.
A Malaysian High Court judgment awarded iSentric RM5,169,333, with enforcement and recovery action being pursued.

Ovanti Limited (ASX:OVT) released its quarterly activities report for 1 July to 30 September 2026 on 20 October 2026. The report describes a lower operating cash outflow, higher customer receipts, a decision to exit its BNPL (deferred-payment) operations and updates on its technology products across Malaysia and other markets.

Operating cash flow and receipts

Net operating cash outflow was A$491,096, which was A$4,915,903 lower than the A$5,407,000 reported for the June quarter, a reduction of about 90.9%. Customer cash receipts increased from A$425,000 to A$793,472, a rise of about 86.7%. The company attributed the improvement to cash collections, payments, the effect of one-off expenditure in the prior quarter and its cost reduction programme. It added that the percentage improvement reflects movements in both receipts and payments, and that the June-quarter Appendix 4C included one-off costs that have since been reduced or eliminated.

Strategic review and BNPL exit

Ovanti completed a strategic review and resolved to exit BNPL globally, concentrating its resources on iSentric and its banking and enterprise customers. iSentric provides mobile banking, authentication, messaging, digital payments, transaction processing and enterprise technology services to banks, telecommunications providers and corporate customers in Malaysia and the wider region. It is also developing project management and systems integration services for banks, government-linked institutions and universities.

Product development and regional activity

JuncturaX, the group's supply chain finance platform, achieved a proof of concept with an anchor client in Malaysia, with commercial launch targeted for the first quarter of calendar 2027. Ovanti presented at the Central Bank of Nepal's stakeholder workshop on central bank digital currency on 13 August, and the central bank nominated a contact to discuss a proposed training programme and proof of concept. Other work included a CBDC wallet project in Cambodia, discussions with Indonesian banks, and talks in Tajikistan on a digital asset exchange pilot. The company notes that these initiatives are at different stages and that commercial deployment depends on technical delivery, customer agreements and applicable licences and approvals.

Legal recovery and data centre plans

A Malaysian High Court judgment awarded iSentric RM5,169,333, and the company is pursuing enforcement and further recovery action. Ovanti also reported that it has explored opening a wholly owned data centre and that preliminary work is under way in Malaysia to provide compute capacity for future operations. No cost or timetable for the data centre was included in the highlights.

Capital raising and related-party payments

The quarterly report also covers funding. The first tranche of an August placement comprised 149,500,000 shares at A$0.002 per share and generated A$299,000 in receipts, and entitlement offer and option receipts brought total equity and option receipts to A$368,554. A second tranche of 350,500,000 shares for A$701,000 remains subject to shareholder approval at an extraordinary general meeting on 4 November 2026. Payments to related parties included in operating activities totalled A$82,833, made up of director remuneration and accounting fees.

OmiCloud and South Asia

OmiCloud is being developed as a standalone payments infrastructure platform that gives operators a single integration point to Ovanti's payment options and third-party regional gateways, with Nepal identified as the priority market for onboarding additional operators. Sri Lanka and Pakistan remain prospective markets, where government and regulatory engagement is being arranged or explored.

Where the quarter leaves the numbers

The report shows a sharply lower net operating cash outflow, higher receipts, a narrower business focus after the BNPL exit and several early-stage products, while the outflow remains negative at A$491,096 and commercial deployment of the newer initiatives is still pending.

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