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IOUpay Limited
(Sydney:OVT)
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Rating:42Neutral
Price Target:
AU$0.01
â–˛(0.00% Upside)
Action:Upgraded
Date:09/06/26
The score is primarily constrained by weak financial performance, driven by deep and persistent losses, declining revenue, and worsening negative operating/free cash flow. Valuation is also pressured by a negative P/E (loss-making) and no dividend yield data. Technical assessment is limited due to missing trend and momentum indicators, offering little offset.
Positive Factors
Very low leverage
Minimal debt reduces refinancing and solvency pressure, preserving more financial flexibility than a highly leveraged structure would. Although profitability is weak, the low-debt balance sheet limits interest and repayment burdens and may provide greater scope to restructure or fund operations.
Negative Factors
Persistent severe losses
Recurring losses and an exceptionally negative recent net margin indicate that the current operating model is not covering its cost base. This weakens the durability of earnings, limits internally funded investment, and raises the risk that future growth will require substantial restructuring or external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal debt reduces refinancing and solvency pressure, preserving more financial flexibility than a highly leveraged structure would. Although profitability is weak, the low-debt balance sheet limits interest and repayment burdens and may provide greater scope to restructure or fund operations.
Read all positive factors
IOUpay Limited (OVT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.36M
Dividend Yield900%
Average Volume (3M)11.56M
Price to Earnings (P/E)―
Beta (1Y)-0.58
Revenue Growth-60.21%
EPS Growth42.32%
CountryAU
Employees8
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,181,674,100
10 Day Avg. Volume6,843,964
30 Day Avg. Volume11,555,259
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.29
Price to Sales (P/S)1.63
P/FCF Ratio-0.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IOUpay Limited Business Overview & Revenue Model
Company Description
Ovanti Ltd, an Australian financial technology firm, specializes in developing digital commerce software platforms. These solutions are engineered to facilitate secure client authentication and seamlessly manage banking, retail, and payment transa...
How the Company Makes Money
IOUpay Limited’s revenue model is based on monetising payment transactions and related fintech services delivered through its platforms and merchant network. Key revenue streams typically include: (1) transaction-based fees earned from processing ...
IOUpay Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.34M | 5.90M | 6.04M | 9.49M | 8.40M |
| Gross Profit | -928.66K | -569.56K | 129.20K | 2.53M | 2.38M |
| EBITDA | -17.83M | -2.61M | -5.83M | -35.65M | -9.45M |
| Net Income | -23.94M | -9.58M | -5.95M | -36.34M | -10.02M |
Balance Sheet | |||||
| Total Assets | 16.02M | 23.79M | 15.84M | 18.13M | 51.74M |
| Cash, Cash Equivalents and Short-Term Investments | 292.53K | 4.95M | 472.67K | 2.04M | 5.86M |
| Total Debt | 56.20K | 45.62K | 1.25M | 2.63M | 1.02M |
| Total Liabilities | 2.85M | 3.96M | 4.52M | 6.30M | 3.48M |
| Stockholders Equity | 13.17M | 19.84M | 11.32M | 11.83M | 48.25M |
Cash Flow | |||||
| Free Cash Flow | -20.86M | -9.44M | -6.43M | -6.59M | -21.77M |
| Operating Cash Flow | -20.86M | -9.42M | -6.40M | -6.34M | -21.22M |
| Investing Cash Flow | -217.39K | -375.66K | 819.50K | -989.65K | -23.88M |
| Financing Cash Flow | 16.43M | 14.26M | 4.02M | 3.51M | -19.98K |
IOUpay Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$77.05M | 18.60 | 5.40% | ― | 28.01% | 2.38% | |
65 Neutral | AU$31.07M | 41.54 | 6.26% | ― | 15.94% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | AU$164.83M | -14.06 | -14.07% | ― | 29.91% | 53.66% | |
43 Neutral | AU$95.42M | -4.64 | -14.16% | ― | -6.74% | 64.64% | |
42 Neutral | AU$2.36M | -0.02 | -122.17% | 900.00% | -60.21% | 42.32% | |
42 Neutral | AU$3.63M | -0.37 | 677.52% | ― | -1.65% | 17.26% |
* Technology Sector Average
AU:OVT
IOUpay Limited
0.01
0.00
0.00%
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0.05
-0.03
-41.77%
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0.24
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-76.73%
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0.16
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-35.42%
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DC Two Ltd.
0.13
0.06
89.39%
AU:IFG
Frugl Group Limited
0.01
-0.01
-50.00%
IOUpay Limited Corporate Events
Ovanti Seeks ASX Quotation for 34.8 Million New Shares
Sep 3, 2026
Ovanti Limited has applied to the ASX for quotation of 34,776,791 new fully paid ordinary shares under the code OVT, with an issue date of 4 September 2026. The securities arise from previously announced transactions, and their quotation will expa...
Ovanti Raises $69,554 in Entitlement Offer, Leaves Large Shortfall Capacity
Sep 3, 2026
Ovanti Limited has raised approximately $69,554 through a 1-for-1 non-renounceable entitlement offer to eligible shareholders, resulting in applications for 34,776,791 new shares, including a substantial portion taken up via the top-up facility. T...
Ovanti Posts Steep Loss as Revenue Slumps in Unaudited 2026 Results
Aug 31, 2026
Ovanti Limited has reported a sharp deterioration in its financial performance for the year ended 30 June 2026, with revenue from ordinary activities falling 60.3% to $2.34 million. The loss attributable to owners widened by 149.9% to $23.94 milli...
Ovanti maps out Asia-wide strategy for borderless digital finance
Aug 23, 2026
Ovanti Limited (ASX: OVT) operates in the fintech and digital infrastructure sector, focusing on building trust-based, programmable financial rails across Asia’s fastest-growing markets. Its portfolio spans Southeast, South, and Central Asia...
Ovanti Launches A$2.3m Entitlement Offer to Fund Fintech Expansion
Aug 20, 2026
Ovanti Limited has opened a 1-for-1 non-renounceable entitlement offer to raise about A$2.293 million at an issue price of $0.002 per share, with offer documents now dispatched to eligible and ineligible shareholders. The offer, which provides exi...
Ovanti quits global BNPL to cut costs and double down on Asian payments unit
Aug 20, 2026
Ovanti Limited has completed a strategic review and will exit buy now, pay later operations globally, abandoning previously flagged relaunch plans for IOUPAY and myIOU in Asia. The U.S. BNPL subsidiary remains in Chapter 7 bankruptcy, and no furth...
Ovanti launches $2.3m pro rata entitlement offer to fund fintech expansion
Aug 13, 2026
Ovanti Limited has launched a 1-for-1 non-renounceable entitlement offer to eligible shareholders, seeking to raise up to $2.293 million by issuing as many as 1,146,897,274 new fully paid ordinary shares at $0.002 per share. The new shares will ra...
Ovanti plans major non-renounceable pro rata share issue
Aug 13, 2026
Ovanti Limited has announced a proposed non-renounceable pro rata offer of up to 1,146,897,274 ordinary fully paid shares to existing shareholders. The new securities are scheduled around an ex date of 18 August 2026, a record date of 19 August 20...
Ovanti launches discounted 1-for-1 entitlement offer to raise A$2.3m
Aug 13, 2026
Ovanti Limited has launched a 1-for-1 non-renounceable entitlement offer to raise up to A$2.293 million by issuing as many as 1.15 billion new shares at A$0.002 each, a 33.3% discount to the last closing price. The offer is open to eligible shareh...
Ovanti Plans Major Share Placement to Raise New Capital
Aug 12, 2026
Ovanti Limited has notified the ASX of a proposed placement involving up to 500 million new ordinary fully paid shares. The securities are intended to be quoted on the exchange once issued, with the proposed issue date set for 18 August 2026.The s...
Ovanti Secures $1m Capital Raise to Support Fintech Growth
Aug 12, 2026
Ovanti Limited has received firm commitments to raise approximately $1 million before costs through a two-tranche placement of 500 million fully paid ordinary shares at $0.002 per share. The first tranche of about $299,000 will be completed under ...
Ovanti switches share registry provider as it expands fintech footprint
Aug 9, 2026
Ovanti Limited, a fintech and digital commerce software company serving banks, telcos and corporates in Southeast Asia and expanding globally into BNPL and other fintech solutions, leverages its mobile-centric technology to integrate digital payme...
Ovanti raises capital and pushes into digital banking and prediction markets
Jul 31, 2026
Ovanti Limited has strengthened its balance sheet and growth plans with the completion of a $5.27 million equity placement, supporting its push to build a broader fintech ecosystem in Asia. The company is expanding beyond its established payments ...
Ovanti to Issue 4 Million New Unquoted Options
Jun 25, 2026
Ovanti Limited has notified the market of the planned issue of 4,000,000 unquoted options, forming a new class of unlisted securities to be confirmed by code. The options are scheduled to be issued on 25 June 2026, signaling an expansion of the co...
Ovanti seeks ASX quotation for 520 million long‑dated options
Jun 25, 2026
Ovanti Limited has lodged an application with the ASX for quotation of a large tranche of options, seeking to have 520,339,654 options expiring on 7 May 2030 quoted under the security code OVTO. The issuance, dated 25 June 2026 and linked to a pre...
Ovanti shareholders back capital-raising resolutions at extraordinary meeting
Jun 18, 2026
Ovanti Limited informed shareholders that it convened an Extraordinary General Meeting in Sydney on 18 June 2026, with all resolutions determined by poll. The company reported that each resolution relating to the ratification of prior share issues...
Ovanti Seeks ASX Quotation for 8,232 New Ordinary Shares
Jun 9, 2026
Ovanti Limited has applied for quotation on the ASX of 8,232 ordinary fully paid shares, to be issued on 9 June 2026, under its ticker OVT. The modest size of the new share issuance suggests a routine capital or corporate action, with limited imme...
Ovanti seals exclusive Yuno.trade deal to power regulated prediction markets in Asia
Jun 8, 2026
Ovanti Limited has entered an exclusive partnership with prediction market platform Yuno.trade, founded by former Binance executives and top Polymarket traders, to become its sole global payment processor and embedded technology infrastructure par...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.