Multistack Moves to Exit Core Chiller Business as Losses Persist

Multistack International Limited ( (AU:MSI) ) has provided an announcement.

Multistack International reported that in the December 2025 quarter it continued its core activities of selling and distributing water-cooled chillers, with fourth-quarter revenue comprising sales of two water-cooled units and spare parts, alongside operating expenditure of $277,009 and a period-end cash balance of $1.11 million. However, the board has already determined that the loss-making business will be discontinued in its present form and is progressing the disposal of all shares in subsidiary Multistack Australia Pty Ltd, subject to documentation and shareholder approvals, while the company continues to operate prudently as a going concern and service a previously drawn $696,000 unsecured, non-interest-bearing related-party loan, signalling a major strategic shift with significant implications for its future operations and capital structure.

The most recent analyst rating on (AU:MSI) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Multistack International Limited stock, see the AU:MSI Stock Forecast page.

More about Multistack International Limited

Multistack International Limited is an Australian manufacturer and distributor of water-cooled and air-cooled water chillers, generating revenue from the sale, marketing and distribution of its Multistack-branded units and related spare parts. The company operates in the HVAC and industrial cooling sector, supplying equipment for commercial and industrial applications, but has faced ongoing losses that have raised concerns about the commercial viability of its current business model.

Technical Sentiment Signal: Sell

Current Market Cap: A$681.5K

For a thorough assessment of MSI stock, go to TipRanks’ Stock Analysis page.