FirstWave Cloud Technology Cuts FY26 Loss 80% With Second Year of Positive Cash Flow [VIDEO]
FirstWave Cloud Technology's audited FY26 results confirm a second consecutive year of positive operating cash flow at $784,455 and an 80% reduction in net loss to $2.8 million — a materially stronger outcome than the preliminary Appendix 4E figures suggested.
Key Takeaways
- FCT's audited FY26 operating cash flow came in at $784,455 — nearly $500,000 above the preliminary Appendix 4E figure and positive for a second consecutive year.
- The audited net loss after income tax was $2,806,919, an 80% reduction from the preliminary figure of $4,103,920, driven by lower amortisation, reduced share-based payments, and higher R&D grant income.
- Net assets strengthened to $19,555,867 in the audited results, up $894,704 from the preliminary figure, while cash of $1,331,040 was confirmed unchanged.
- Revenue was the only metric to move unfavourably, falling $102,447 to $8,378,679, which the company attributes to the timing of non-recurring revenue recognition rather than a structural decline.
- A post-period Telstra government contract extension, announced in July 2026, lifted ARR to approximately $0.6 million and is not captured in the FY26 audited figures.
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