Key Highlights

  • Net operating cash inflow was $1.33 million, an improvement of $3.23 million on the previous quarter.
  • Customer receipts were $7.20 million, up from $4.90 million in the previous quarter.
  • Cash and cash equivalents were $3.98 million at 30 September 2026, against $466,000 at 30 June 2026.
  • A multi-year Federal Government Digital Forensics contract worth $3.20 million was secured.

Excite Technology Services Limited (ASX:EXT) released its quarterly activities report and Appendix 4C for the quarter ended 30 September 2026 on 14 October 2026. The company operates in cyber security, IT and managed services, and digital forensics.

Cash flow and receipts

Net operating cash flow was a positive $1.33 million, the highest quarterly operating cash flow the group has reported and an improvement of $3.23 million on the previous quarter. For the six months to 30 September 2026, operating cash flow was positive $1.22 million, about $3.64 million better than the prior corresponding period. Receipts were $7.20 million against $4.90 million in the prior quarter, up 47% on the June 2026 quarter and 71% on the September 2025 quarter. Receipts for the six months were $12.11 million, a 15% increase on the prior corresponding period, and customer receipts were $16.06 million over the last three quarters. Annual customer receipts have risen from $8.6 million in FY24 to $23.6 million in FY26.

Contracts and customers

The company secured a multi-year, recurring $3.20 million Federal Government Digital Forensics contract, expanding its position in the federal market. It also signed a new $152,000 enterprise licensing arrangement with a large community services organisation and expanded its work with a renewable energy and infrastructure operator. These items are presented against a stated strategy sequence of resetting the cost base, building recurring revenue and broadening the group's share of client IT spend.

Balance sheet

Cash and cash equivalents were $3.98 million at 30 September 2026, compared with $466,000 at 30 June 2026, an improvement of $3.51 million over the quarter. During the quarter the group received $3.50 million before costs from a placement announced in July 2026, which accounts for most of the increase in cash.

Risks shareholders should weigh

Cash at quarter end was lifted largely by the capital raising rather than by operations alone, since operating cash flow contributed $1.33 million against $3.50 million of placement proceeds. The report states that the focus is on sustaining the operating cash flow result. The report does not provide profit figures.

What to watch next

The company scheduled an investor webinar for 15 October 2026. Further items include the second quarter of the strategic roadmap, growth in recurring revenue, the progress of the Federal Government contract and the next quarterly cash flow report.

Looking ahead

Excite reported a return to positive quarterly operating cash flow and higher receipts for the September 2026 quarter, with cash supported by a placement received during the period.