Highlights

• Vinyl Group a music and media group whose businesses include advertising, content and creator platforms, has released its.

• The company reports acquisitions made in the second half of FY26, namely Val Morgan Digital, Pedestrian Group and.

• The company confirmed its FY27 revenue forecast of $38 million to $40 million, says record second-quarter revenue is.

• Mentos Fresh Sounds was shortlisted for Best Content Marketing Strategy at the 2026 B&T Awards.

Vinyl Group (ASX:VNL) — a music and media group whose businesses include advertising, content and creator platforms, has released its first-quarter FY27 report and Appendix 4C for the quarter ended 30 September 2026. The company reported record first-quarter revenue and an improved operating cash outflow, but also a closing cash balance below $1 million and a funding estimate of under one quarter on its own Appendix 4C calculation.

Trading results

Revenue was $6.33 million, which the company describes as a record first quarter, up 38 per cent on the previous quarter and 30 per cent on the prior corresponding period. Customer receipts were $5.52 million, within its revised guidance range of $5.5 million to $6.5 million, and up 79 per cent on the previous quarter. Gross margin rose from 53 per cent in July to 56 per cent in September.

The company reports acquisitions made in the second half of FY26, namely Val Morgan Digital, Pedestrian Group and Time Out Australia, were consolidated during the quarter. It cites audience reach above 50 per cent of de-duplicated Australian online users, based on Ipsos iris, about 31 million authenticated followers and more than 524 million monthly social views and impressions. These are company-reported metrics.

Cash and funding

Net operating cash outflow was $1.84 million, an improvement of 56 per cent from $4.2 million in the previous quarter. Net investing was an inflow of $1.03 million. Closing cash was $777,000, down from $1.653 million.

Total facilities at 30 September were $11.63 million, of which $11.58 million was drawn. The largest component is an unsecured loan from chair Ken Gaunt, $10 million at quarter end and increased to $12 million in October, at the RBA cash rate plus 5 per cent and maturing in March 2031. A $1.5 million Songtradr line of credit is fully drawn and matures in October 2027. Related-party payments were about $106,000.

The Appendix 4C estimates funding of 0.45 quarters, based on $830,000 available against quarterly operating outflow. The company nonetheless states it expects positive cash flow in the second quarter, citing seasonal peak revenue, cost reductions and the increased facility. That expectation is a forecast, not an outcome, and it depends on related-party funding remaining available.

Receivables and outlook

Collections are a key variable. The company reports more than $5 million of receivables entering the second quarter, including over $1.5 million that fell due before 30 September, and a collections shortfall of more than $750,000 during the quarter. It cites the integration of inherited billing systems as adding complexity. The Appendix 4C refers to more than $8 million of receivables due in the quarter, while the release cites more than $5 million outstanding, and the basis for the difference is not explained.

The company confirmed its FY27 revenue forecast of $38 million to $40 million, says record second-quarter revenue is already booked, and targets a sustainably EBITDA-positive monthly run rate from December 2026. Revenue depends on delayed campaigns being delivered in the second quarter.

Other developments

Mentos Fresh Sounds was shortlisted for Best Content Marketing Strategy at the 2026 B&T Awards. Serenade's Smart Media Album sales have been recognised on the Billboard charts since 2 October 2026. Vampr reports 1.6 million creators and Vinyl.com lists more than 60,000 titles.

What to watch

Confirmed markers include the second-quarter cash flow result, collection of the receivables balance, delivery of the booked campaigns, and the December 2026 EBITDA run-rate target. The company's own funding calculation, its reliance on its chair for financing and the unexplained receivables difference are the main points to read in the full Appendix 4C.