Highlights

  • Simble requested a Trading halt from 30 October 2026 pending an announcement on a proposed material Capital raise.
  • Cash fell to A$323,000 at 30 September 2026, equal to an estimated 0.39 quarters of funding.
  • Ascona Group signed a three-year SimbleSense order worth A$760,000, with rollout completed across 68 UK sites.
  • NanoSensor testing reached formal benchmarking after laboratory gas, ultraviolet and visible light detection results in September.

Simble Solutions (ASX:SIS) has paused trading in its shares while it prepares a material capital raise, days after reporting that cash had fallen to A$323,000 at the end of the September 2026 quarter. The halt took effect at the start of trading on 30 October 2026 and runs until the raise is announced or the open of trading on 3 November 2026, whichever comes first.

The funding step follows a quarter in which the energy-software company spent heavily on its NanoSensor programme while winning larger contracts for its established SimbleSense and CarbonView platforms.

A Quarter of Heavy Research Spending

Customer receipts reached A$293,000 in the September quarter, while net operating cash outflow was A$834,000. Research and Development payments of A$484,000 made up a large part of that outflow, mostly reflecting an upfront payment for the next year of NanoSensor research. Management said it does not expect the same level of operating outflow to continue.

No Equity was raised during the quarter, and the company repaid A$238,000 of borrowings. Year-to-date equity proceeds of A$2.27 million came from placements completed in April 2026 alongside the Acquisition of Next Nano Pty Ltd, which holds an exclusive Macquarie University licence for the nanosensor technology. That deal was settled with 600 million shares valued at A$3.6 million.

Ascona Orders Lift the Core Software Business

UK customer Ascona Group delivered three agreements during the quarter: a three-year SimbleSense order worth A$760,000, a three-year Energy Bureau Service upgrade worth A$131,000 signed on 29 September, and a one-year CarbonView contract worth A$52,000 for UK compliance reporting. Further orders came from partners and customers including Campbelltown Council, Powercor and Shepherd Neame, and Tap Retail began a site-wide SimbleSense pilot.

In Australia, RAA South Australia discontinued a service delivered through Intellihub, switching off 6,205 meters, although commercial and industrial meters under management rose by 345 to 7,049. For the half-year to 30 June 2026, sales Revenue rose 27.8% to A$714,927 and the net loss widened to A$1.14 million.

Benchmarking Now Sets the NanoSensor Path

Laboratory testing announced on 1 September showed the NanoSensor responding to selected volatile organic compounds at low concentrations, and results released on 14 September showed detection across ultraviolet bands and into visible light. On 22 September, Simble extended the platform into terrestrial solar performance monitoring. Quantitative sensitivity figures have not yet been reported.

The company plans to use formal benchmark results to define prototype requirements, with functional prototypes and customer trials dependent on performance. It also intends to keep preparing SimbleSense and CarbonView to ingest NanoSensor data. The details, size and terms of the proposed capital raise had not been released at the time of writing. Shares were unchanged at A$0.004 on 2 November 2026, with a Market Capitalisation of about A$7.76 million, and were down 30% over 12 months.