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Swift Networks Group Limited ( (AU:SW1) ) has issued an announcement.
Swift Networks Group Limited reported a 3.5% decrease in operating revenue for FY25, attributed to project delays in the Lithium and Iron Ore industries and site closures affecting subscription revenues. Despite this, the company raised $2.3 million through an entitlement offer, which will be used for product development and market expansion. Swift also renegotiated its PURE loan facility, extending the repayment date and securing new financial covenants, as it aims to strengthen its balance sheet and pursue revenue growth.
More about Swift Networks Group Limited
Swift Networks Group Limited operates in the telecommunications industry, focusing on providing entertainment and communication solutions. The company primarily offers subscription-based services and targets markets such as mining and aged care.
Average Trading Volume: 101,682
Technical Sentiment Signal: Sell
Current Market Cap: A$7.29M
See more data about SW1 stock on TipRanks’ Stock Analysis page.