Highlights

  • FY26 Operating Revenue was $13.9 million as the company focused on long-term subscription opportunities.
  • Subscription revenue remained the major contributor at $12.2 million during FY26.
  • Capital raising activities supported Swift TV device inventory, product development and sales initiatives.
  • Cash and cash equivalents increased to $2.6 million at 30 June 2026.

Swift TV Ltd (ASX:STV) is a technology company focused on connected entertainment solutions and subscription-based digital services. The company, formerly known as Swift Networks Group Limited, provides technology platforms designed to deliver entertainment and communication services across customer environments. During FY26, Swift focused on developing and commercialising Swift TV, securing projects linked to future subscription revenue and managing the transition of existing customer arrangements.

FY26 Revenue Performance and Subscription Strategy

Swift TV reported operating revenue of $13.9 million for FY26 compared with $17.7 million in FY25. The decline reflected changes in subscription services and project revenue timing as the company focused on securing projects expected to generate longer-term subscription revenues.

Subscription revenue for FY26 was $12.2 million compared with $14.2 million in FY25. The reduction primarily reflected the previously announced wind-down of subscription services provided to Mineral Resources, including the resale of Foxtel content and Swift Access subscriptions. The Mineral Resources transition reduced subscription revenue by approximately $1.1 million during FY26 and is expected to have a further impact in FY27.

Project revenue also declined during the year due to the timing and availability of project and network installation opportunities. Swift noted that project revenue is non-recurring and can vary between reporting periods.

The company reported a 49% reduction in loss from continuing operations after tax, which decreased to $1.7 million compared with $3.3 million in FY25. The improvement was supported by lower costs associated with previous year items, including the derecognition of the Pure Loan carrying value, reduced Depreciation and Amortisation expenses, and lower share-based payment expenses.

Swift continues to focus on developing recurring subscription revenue streams through its technology platforms and customer relationships.

Swift TV Platform Development and Commercialisation

During FY26, Swift continued investing in the development and commercialisation of Swift TV. The company raised Capital to support product development, increase sales and Marketing initiatives, procure Swift TV devices and provide Working Capital support.

The company completed several capital raising initiatives during the year. In September 2025, Swift completed a $1.6 million Placement to institutional and sophisticated investors. The company also received $600,000 through the exercise of 60 million warrants at a conversion price of $0.01.

Swift later completed a $2.27 million placement and Debt conversion transaction, including $1.84 million raised from investors and conversion of $430,000 of outstanding debt into equity.

These initiatives supported Swift’s efforts to expand its technology platform and commercial capabilities.

The company continues investigating opportunities to strengthen its Balance Sheet and support revenue growth. Product development activities formed a significant part of investing expenditure during FY26, with cash used for investing activities largely related to technology development.

Swift’s strategy remains focused on building scalable subscription-based services while developing new opportunities through its entertainment technology platform.

Financial Position and Future Business Focus

At 30 June 2026, Swift reported cash and cash equivalents of $2.6 million compared with $2.2 million in FY25, representing an increase of approximately 19%.

The movement in cash reflected operating expenditure, Investment in product development and financing activities. During FY26, Swift recorded cash expenditure from operations after interest of $409,000 and investing expenditure of $1.7 million, largely associated with product development activities.

Net cash received from financing activities was $3.3 million, including proceeds from entitlement offers and Warrant exercises, after considering loan repayments and Lease payments.

Swift continues to evaluate opportunities to improve its financial position and support future revenue growth. The company’s focus remains on transitioning toward projects that can generate recurring subscription revenue while expanding its technology offering.

The company did not declare dividends during FY26 and directors did not recommend payment of a dividend.

Swift’s ongoing development activities are centred on strengthening its connected entertainment technology platform, expanding commercial opportunities and creating a foundation for future subscription-based services.

Key Insights

Swift TV is progressing its connected entertainment technology strategy through product development, subscription-focused initiatives and commercialisation activities. FY26 reflected a transition period as the company managed customer changes while investing in future platform opportunities.