Why Bridge SaaS (ASX:BGE) is shifting its mix toward NDIS disability services as it sells its Brightside investment

Sonal Goyal

16 October 2026 11:02 PM AEDT

Why Bridge SaaS (ASX:BGE) is shifting its mix toward NDIS disability services as it sells its Brightside investment

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Bridge SaaS completed the sale of its non-core Brightside Investment for A$1.5 million, according to its June 2026 quarterly report.
The company opened its first Supported Independent Living residence in south-west Sydney in November 2025.
Cash receipts from customers were about A$2.556 million in the June 2026 quarter, with net cash used in Operating Activities of A$268,000.

Bridge SaaS (ASX:BGE) describes itself as a provider of software-as-a-service and workflow tools for the employment services and National Disability Insurance Scheme (NDIS) sectors, and it also owns NDIS provider businesses in Queensland and New South Wales. The shape of the company is changing. Its own disclosures describe a group that is increasingly a disability-services operator, and its June 2026 Quarterly Report says it completed the sale of a non-core investment, Brightside, for A$1.5 million.

What the company does

The Bridge platform brings data, compliance and documentary evidence for government-funded programmes together in a single interface. The December 2025 quarterly report, however, presents the company as the parent of a group delivering disability and community services in Australia. In that quarter it launched Bridge Disability Support Pty Ltd in New South Wales as a Wholly Owned Subsidiary and opened its first Supported Independent Living residence in south-west Sydney in November 2025. It also reported holding 51% of Brightside Disability Support and Respite and having paid the final earn-out for that acquisition.

December 2025 quarter

The report for the quarter ended 31 December 2025 showed customer receipts of about A$2.99 million, and A$5.43 million for the six months. Operating Cash Flow was roughly break-even. Investing outflows were about A$339,000 and dividends paid totalled A$174,000. Cash closed the quarter at about A$287,000, down from A$486,000. The company lodged a "Correction Announcement Appendix 4C" on 6 February 2026, and the corrected filing is the reference point for those figures.

June 2026 quarter

The quarterly report for the period ended 30 June 2026, released on 31 July 2026, showed cash receipts from customers of about A$2.556 million and net cash used in operating activities of A$268,000. Investing activities provided A$79,000 and financing A$23,000. The company said it had completed the disposal of its Brightside investment for A$1.5 million, and expects to continue operating on the basis of those proceeds, ongoing receipts and potential funding from a shareholder-approved placement.

Corporate activity

The company announced the "Divestment of non-core Brightside Investment" on 13 July 2026. Earlier, on 29 May 2026, it lodged a prospectus for a Bonus issue together with a Target market determination, and the BGEO security class was suspended on 3 June and reinstated on 15 June 2026. The terms of the bonus issue have not been detailed here. ASX notices also record director option issues in June and July 2026, and 006 Capital Pty Ltd increased its stake to 19.99% in February 2026. Options, placements and share-based payments are all potential sources of dilution.

Key Insights

NDIS provider businesses operate under a participant-funded model, so Revenue depends on service delivery, rostering and compliance, and the sector has been subject to regulatory and pricing review. Software revenue from employment services also depends on government programme settings. The company's disclosures do not break revenue down between software and services, so the split cannot be stated. Company-specific risks include small cash reserves relative to quarterly receipts, the need for Placement funding and the integration of new residential services. The use of the Brightside proceeds and progress on the placement are the next items to follow.

FAQs

Q:What does Bridge SaaS do?

A:Bridge SaaS provides software-as-a-service and workflow tools for the employment services and NDIS sectors, and owns NDIS provider businesses in Queensland and New South Wales.

Q:How much did Bridge SaaS receive for its Brightside investment?

A:The June 2026 quarterly report says the company completed the disposal of its Brightside investment for A$1.5 million.

Q:What were Bridge SaaS's June 2026 quarter cash flows?

A:Cash receipts from customers were about A$2.556 million, net cash used in operating activities was A$268,000, investing activities provided A$79,000 and financing provided A$23,000.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.