Creative Technology narrows 1H FY2026 net loss by 80% to US$1.2m on tighter costs; cash rises to US$32.6m
Summary:
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Net loss attributable to shareholders shrank to US$1.24m in 1H FY2026 from US$6.10m a year earlier, as operating expenses fell 29% on reduced payroll and R&D following prior restructuring.
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Revenue declined 9% to US$34.2m amid weaker demand from trade and geopolitical tensions, but gross margin improved to 30% from 27% on a richer mix of higher‑margin products.
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Cash and cash equivalents increased to US$32.6m from US$29.8m at 30 June 2025, driven by US$3.9m net operating cash inflow helped by inventory reductions and working‑capital gains.
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The balance sheet remains debt-light, with total liabilities at US$25.9m and lease liabilities of just US$2.0m, supporting group net assets of US$40.0m and NAV of US$0.57 per share.
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Management flags a challenging macro backdrop and seasonally weaker second half, guiding that revenue is expected to be lower and the Group to remain loss‑making for the next six months.