Highlights

  • Zimi signed an exclusive distribution agreement with Directed for retail, D2C and D2B channels in Australia and New Zealand.
  • The next-generation Matter range is moving through certification and pre-production for a 2027 launch.
  • An R&D Tax Incentive refund of $835,000 was received after quarter end, lifting pro forma cash to about $1.18 million.
  • Simon Gennari was appointed Independent Non-Executive Chair.

Zimi Limited (ASX:ZMM) has released its quarterly activities report and Appendix 4C for the quarter ended 30 September 2026. The smart home technology company secured a major retail distribution partner for its upcoming Matter product range and strengthened its funding position after the quarter.

Directed Distribution Agreement

Zimi signed an exclusive agreement with Directed Electronics Australia covering retail, D2C and D2B sales of its Matter range in Australia and New Zealand. The initial term is three years, with an option to extend for a further two years.

Directed's network includes more than 10,000 retail partner outlets, including Bunnings, JB Hi-Fi, Harvey Norman, Noel Leeming and Officeworks. The agreement complements Zimi's existing wholesale agreement with GSM Electrical, which serves electrical trade and wholesale channels. CEO Jordan Tentori said Matter is fast becoming the global standard for the connected home.

Matter Range Development and Sales

The next-generation Matter products went through certification testing and pre-production, and pre-production samples have been manufactured. Preparations for factory production are underway ahead of the 2027 launch, and the Zimi Matter app for iOS and Android is in development.

Invoiced revenue for the quarter was $289,000 including GST, with $532,000 in orders on hand. The company is selling remaining Bluetooth stock as it transitions to the Matter range.

Funding and Board Changes

Zimi completed its Tranche 2 placement in July 2026, issuing 204,514,250 shares at $0.004 to raise $818,057. Cash at 30 September 2026 was $344,000, and an R&D Tax Incentive refund of $835,000 received on 16 October 2026 lifts pro forma cash to about $1.18 million. The Board is evaluating further funding options, including a capital raising.

Simon Gennari was appointed Independent Non-Executive Director and Chair on 7 October 2026. He brings more than 25 years' experience in investment management, corporate finance and advisory, and will stand for election at the AGM on 27 November 2026.

Key Takeaways

  • The Directed agreement gives Zimi access to more than 10,000 retail outlets.
  • The Matter range remains on track for a 2027 launch.
  • The R&D refund improves near-term liquidity, though further funding is being considered.
  • A new independent Chair joins ahead of the AGM.