Key Highlights

  • Oakridge International reported Revenue of A$3.45 million for the year to 30 June 2026, up about 42 per cent from A$2.43 million.
  • Profit after tax was A$109,171, compared with a loss of A$128,795 a year earlier.
  • Operating cash flow of A$127,028 included A$349,527 of R&D incentives received.

Oakridge International (ASX:OAK), an Adelaide-based developer of nurse-call and Assistive Technology for care facilities, reported a small profit and higher revenue for the year to 30 June 2026. The niche healthcare-technology supplier has moved into modest profitability, although the result relied on R&D incentive cash and the company continues to disclose a possible legacy claim.

What the company does

Oakridge designs and distributes its own hardware and software for hospitals, aged care, disability care and supported independent living. Its products include nurse-call systems, call points and resident pendants, and it has also worked on real-time location systems, enterprise reporting, firmware upgrades and a mobile application. Because the Business sells through channels and installs systems at care facilities, revenue depends on project timing.

Annual results

The Annual Report lodged on 24 August 2026 shows revenue of A$3.45 million, up about 42 per cent from A$2.43 million. Profit after tax was A$109,171, against a loss of A$128,795 a year earlier. Operating Cash Flow was an inflow of A$127,028, compared with an outflow of A$358,457 in the prior year, and included A$349,527 of R&D incentives received. On simple arithmetic, operating cash flow would have been negative without those receipts.

Cash rose to A$637,641 from A$468,939, and net Assets were A$1.36 million. Inventory roughly doubled to A$795,724, tying up working capital. Net tangible assets were 4.08 cents per share. The annual report also carries a receivable tied to a power purchase agreement project in Indonesia at nil.

June 2026 quarter

In its Quarterly Report of 31 July 2026, Oakridge said customer receipts were A$770,000 for the quarter and A$2.96 million for the twelve months, compared with A$2.46 million a year earlier. Management said channel activity and qualified prospects should support revenue growth through FY2027, and that a significant amount of contracted work was awaiting invoicing and milestone delivery. That is the company's own outlook rather than a reported result.

Ownership and capital

On 30 June 2026 Montague Capital, linked to chairman Con Unerkov, exercised 4,999,943 Options at A$0.07, raising A$349,996. Substantial holder notices lodged on 4 August 2026 listed Montague at 52.81 per cent, Teko International at 9.77 per cent and Aliton at 5.23 per cent. Mr Unerkov's total holding is 16,898,439 shares. With three holders accounting for more than two-thirds of the register, the free float is limited.

Legacy claim

The quarterly report refers to a A$250,000 Placement with Teko International completed in January 2020. Teko raised a potential claim in 2020 alleging that former directors had misrepresented unrecorded liabilities. The board has acknowledged possible exposure and is taking legal advice. No claim amount has been disclosed.

The Bottomline

Management plans to explore complementary products, including possible AI applications for documentation, quality reporting and compliance, subject to commercial viability. The main risks are reliance on a small number of projects, the build-up of inventory, the unresolved Teko matter and limited trading liquidity. Under ASX timetables, the next quarterly cash flow report would normally fall due by the end of October 2026; the company has not confirmed a date.