Multistack Swings to Profit on One-Off Gains as Core Business Set for Disposal

The latest announcement is out from Multistack International Limited ( (AU:MSI) ).

Multistack International reported a sharp 57.52% drop in revenue to A$158,888 for 2025, but swung from a A$1.68 million loss to a A$2.26 million net profit, driven by about A$4 million in other income from a legal settlement with Danfoss and the disposal of Verdicorp’s assets to SuperLink. No dividend was declared for the year, as its main trading subsidiary, Multistack Australia Pty Ltd, continued to post operating losses amid substantially lower chiller sales and largely unchanged overheads.

The board has concluded that the company’s underlying business is not commercially viable in its current form, given persistent losses and the need for significant capital that directors believe it cannot raise. Multistack is working on the disposal of all shares in Multistack Australia, a move that will require definitive documentation, mutual agreement, shareholder approval and an independent expert’s report, while it continues to operate prudently as a going concern and maintain compliance with ASX reporting obligations.

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 operates through its trading entity Multistack Australia Pty Ltd, which focuses on the sale of chillers and related HVAC equipment. The company is listed on the ASX and has historically generated revenue from chiller sales, though recent periods have seen declining sales and ongoing operating losses in its core trading business.

Technical Sentiment Signal: Sell

Current Market Cap: A$545.2K

Find detailed analytics on MSI stock on TipRanks’ Stock Analysis page.