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AD1 Holdings Ltd ( (AU:AD1) ) has provided an update.
AdNeo Limited reported a significant increase in customer receipts for Q1 FY26, reaching $1.42 million, which marks a 54% rise compared to the previous year. The acquisition of Learnt Group contributed to these results, and the company expects full contributions from this acquisition in the next quarter. Despite incurring one-off expenses related to acquisitions and capital raising, AdNeo has successfully reduced its debt by $3.7 million and identified $2.5 million in annualized cost synergies. The company is fully funded to execute its growth strategy and aims to achieve cash flow positivity in FY26.
More about AD1 Holdings Ltd
AdNeo Limited, operating under the ASX ticker AD1, is a company that acquires, owns, and manages high-growth businesses in the SaaS and innovative services sectors. The company aims to lead in technology that transforms the workforce in the AI era, with operations in multiple market-leading businesses including Art of Mentoring, ApplyDirect, Oliver Grace, Catapult, and the recently acquired Learnt Group.
Average Trading Volume: 192,684
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.84M
See more insights into AD1 stock on TipRanks’ Stock Analysis page.