Key Highlights

  • Energy Action reported Revenue of A$3.23 million, up 11.8 per cent, and receipts from customers of A$2.95 million, up 10.5 per cent, for the September 2026 quarter.
  • Sales orders were A$4.71 million, up 62.4 per cent from A$2.90 million, and the contracted cash pipeline was A$23.68 million.
  • Cash at quarter end was A$434,000, with Commonwealth Bank facilities of A$4.155 million of which A$3.413 million was drawn.

Energy Action (ASX:EAX) released its quarterly activities report and Appendix 4C for the quarter ended 30 September 2026 on 22 October. The unaudited report showed receipts from customers of A$2.95 million, up 10.5 per cent on the same quarter last year, and revenue of A$3.23 million, up 11.8 per cent. The company said revenue growth was 14.9 per cent after excluding an A$0.08 million one-off deferred revenue release in the earlier period.

Sales orders, a non-AASB measure defined as the total value of contracts executed by customers, were A$4.71 million, up 62.4 per cent from A$2.90 million. Sales orders are not revenue.

The contracted cash pipeline, also a non-AASB measure, was A$23.68 million, compared with A$22.00 million at 30 June 2026 and A$19.28 million at 30 September 2025. It consists of A$15.37 million of forward contracted revenue that is not yet on the Balance Sheet and A$8.31 million of contract assets, mainly from auction fees, that are on the balance sheet because the related revenue is recognised upfront. Net contract Assets were A$8.03 million, up A$0.29 million since 30 June. The company said the pipeline is not a forecast of revenue or cash flow. It is based on estimated customer energy consumption and is subject to cancellations and amounts assessed as unrecoverable, and the company is not giving Earnings guidance.

Costs and cash flow

Payments to suppliers and employees rose to A$3.35 million from A$2.87 million. The company attributed the increase to extra headcount, mainly in sales, and to one-off employee restructuring and redundancy costs, which it did not quantify. Net operating cash outflow was A$476,000, compared with A$270,000 a year earlier. Investing outflow of A$191,000 was mostly capitalised product development.

Financing inflow was A$569,000, made up of A$850,000 of borrowings, A$242,000 of Loan repayments and A$39,000 of Lease repayments. Management said it is reinvesting cash receipts in sales capacity and product development and expects that to improve future performance.

Debt, Liquidity and runway

Cash at quarter end was A$434,000, down from A$532,000. Facilities with Commonwealth Bank total A$4.155 million, of which A$3.413 million was drawn. They include a A$3.0 million revolving loan with A$2.5 million drawn and a Maturity date of 27 April 2028. A fixed-term loan of A$724,999 is fully drawn and matures on 11 December 2026. The documents do not say how it will be repaid or refinanced. The company said it complied with all financial covenants during the quarter.

The Appendix 4C estimated 2.47 quarters of funding, based on A$434,000 of cash and A$742,000 of unused facilities against the quarter's operating outflow. The report's separate liquidity figure of A$0.93 million counts the revolver headroom and an A$80,000 term deposit that secures a procurement account. The unused facilities include a bank guarantee line and a Credit card limit.

Reconciliation items in the report

The Appendix 4C net cash movement line shows an increase of A$532,000, while the components reconcile to a decrease of A$98,000 from A$532,000 to A$434,000, and the opening cash line is blank. Net interest is shown as A$0.08 million in the summary and the 4C figures imply A$73,000. The report also states 8.3 per cent growth in forward contracted revenue without giving a 30 June base. Related party payments were A$201,000 for director and executive director remuneration.

Next milestones

The only dated milestones in the report are the maturity of the fixed-term loan on 11 December 2026 and of the revolving Facility on 27 April 2028. No date was given for the next Quarterly Report from Energy Action (ASX:EAX).