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Jaxsta Limited ( (AU:VNL) ) has issued an announcement.
Vinyl Group Ltd reported a 49.23% increase in revenue from ordinary activities to $11.38 million for the half year ended 31 December 2025, while other income and interest revenue were essentially flat at $36,600. Despite the strong top-line growth, the company recorded a net loss after tax of $3.08 million, though this was a significant improvement from the $6.92 million loss a year earlier.
The board confirmed that no dividends were paid, recommended or declared for the current or prior half year, underscoring the company’s focus on reinvestment and capital preservation. The interim review by auditors is expected to highlight a material uncertainty related to going concern, signalling ongoing financial and funding risks even as operating performance trends improve.
Net tangible assets per ordinary security fell to zero cents from one cent, reflecting balance sheet pressure and limited tangible backing for shareholders’ equity. These metrics suggest that while Vinyl Group is narrowing its losses on the back of rising revenue, the company remains in a financially fragile position, with stakeholders needing to weigh the improving income statement against persistent solvency concerns.
The most recent analyst rating on (AU:VNL) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Jaxsta Limited stock, see the AU:VNL Stock Forecast page.
More about Jaxsta Limited
Vinyl Group Ltd operates in the music and entertainment technology sector, focusing on digital platforms and services related to recorded music and associated rights. The company’s offerings generate revenues from ordinary activities rather than from one-off transactions, positioning it as a recurring-revenue business within the broader creative and media industries.
Average Trading Volume: 259,503
Technical Sentiment Signal: Sell
Current Market Cap: A$112.6M
See more data about VNL stock on TipRanks’ Stock Analysis page.