RMA Global Ltd (ASX:RMY) Share Price Higher: What Is Behind Today’s Rise?

Sonal Goyal

21 October 2026 12:46 PM AEDT

RMA Global Ltd (ASX:RMY) Share Price Higher: What Is Behind Today’s Rise?

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Key Highlights

RMA Global Ltd (ASX:RMY) shares closed at $0.019 on 21 October 2026, up 8.57%.
A 29 September 2026 announcement named Ashley Farrugia as Chair and Benjamin Balk as Chief Executive Officer, effective immediately.
The Board has set objectives for FY27 EBITDA and an accelerated transformation program to support its US pivot.

RMA Global Limited (ASX:RMY) shares gained 8.57% to close at $0.019 during the trading session on 21 October 2026, while the S&P/ASX 200 (XJO) stood at 8,809.20, down 7.70 points or 0.087%. RMA Global is a technology company based in Cremorne, Victoria, with a strategic focus on Australia, New Zealand and the United States.

What RMA Global does

RMA Global is a technology company that serves clients in its core markets of Australia, New Zealand and the United States. The announcement refers to a US pivot strategy that began under the previous CEO and added leading US brokerages to its client base.

The company’s registered office is at Balmain Street, Cremorne, Victoria.

Leadership transition

Separately from the day’s trading, RMA Global’s announcement dated 29 September 2026 is outlined below. Chairman David Williams moves to a non-executive director role, and existing non-executive director Ashley Farrugia becomes Chair. Benjamin Balk has been appointed Chief Executive Officer, and Jim Crisera has resigned as CEO and will remain with the business for a short period to assist with the transition. The changes took effect on 29 September 2026.

Mr Balk has been working with RMA Global on strategy for a year and has two decades of experience across product strategy, data commercialisation, digital transformation, software development, marketplaces and technology-enabled business models.

Statements from the Chair

New Chair Ashley Farrugia said the focus is to build a faster, more capable and more profitable business on the existing building blocks, simplify the organisation, raise accountability, strengthen product and engineering and use AI to increase productivity and execution speed. Outgoing Chairman David Williams said the new Chair has built, scaled and exited a global real estate technology business and that Mr Balk brings technology, product, data and transformation experience, adding that the team had been working on the changes for some time.

Mr Williams also thanked Mr Crisera for two and a half years as CEO, during which he commenced the US pivot strategy and added leading US brokerages to the company’s client base.

Transformation program

The company said the new leadership team will deliver a plan to simplify the business, increase execution speed, strengthen product and engineering capability and accelerate the use of artificial intelligence. The Board’s objective is to finish FY27 with a materially higher EBITDA result and to exit FY27 with an improved EBITDA run rate. Further financial guidance will be provided as implementation progresses.

RMA Global stated that it will maintain a focus on Australia, New Zealand and the United States.

Summary of key terms of the CEO’s employment

Mr Balk’s employment commenced on 29 September 2026 with no fixed term. Fixed remuneration is a base salary of $425,000 a year plus statutory superannuation. A short-term incentive of up to $127,500 a year, equal to 30% of base salary, is payable in cash subject to financial and strategic key performance indicators set by the Board. An equity-based long-term incentive will be set by the Board after commencement and announced to the ASX when granted. The notice period is three months by either party.

Sector context

Technology companies whose clients include real estate brokerages operate in competitive markets in which product development, engineering capacity and client acquisition drive results. Companies in the technology segment have increasingly referred to artificial intelligence as a productivity tool, which is the context in which RMA Global describes its transformation. Management transitions and simplification programs are disclosed to the market as they can affect operating costs and strategy.

Risks and uncertainties

The announcement describes a transformation program, and benefits depend on execution. The Board has described EBITDA objectives for FY27 but has not provided numerical guidance and has said further guidance will follow. The CEO and Chair roles have changed at the same time, and the former CEO is staying only for a short period to assist with transition. The US pivot began under the earlier leadership team and its outcomes are not quantified in the release. The announcement is dated 29 September 2026, and shares priced at $0.019 can move sharply.

What’s next

Further financial guidance is expected as the transformation program is implemented. An equity-based long-term incentive for the new CEO is yet to be set and will be announced to the ASX when granted.

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