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Activeport Group Limited (AU:ATV)
ASX:ATV
Australian Market

Activeport Group Limited (ATV) AI Stock Analysis

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AU:ATV

Activeport Group Limited

(Sydney:ATV)

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Underperform 39 (OpenAI - 4o)
Rating:39Underperform
Price Target:
AU$0.02
â–²(0.00% Upside)
Activeport Group Limited's overall stock score is primarily impacted by its weak financial performance and valuation. The company's declining revenues, persistent losses, and negative cash flows are significant concerns. Additionally, the stock's bearish technical indicators and negative P/E ratio further contribute to the low score. Strategic improvements in financial health and operational efficiency are necessary for better performance.
Positive Factors
Partnerships
Strategic partnerships can lead to shared revenue opportunities and broaden service offerings, enhancing market position and long-term growth potential.
Revenue Streams
Diverse revenue streams provide stability and resilience against market fluctuations, supporting long-term financial sustainability.
Cloud Solutions
Focus on cloud solutions positions Activeport well in the growing IT sector, offering potential for sustained demand and competitive advantage.
Negative Factors
Revenue Decline
Declining revenue growth indicates potential challenges in market demand or competitive positioning, impacting long-term financial health.
Negative Cash Flow
Negative cash flow suggests inefficiencies in operations and potential liquidity constraints, which could hinder future investments and growth.
Profitability Challenges
Ongoing losses and negative margins highlight difficulties in achieving profitability, which could affect long-term viability and investor confidence.

Activeport Group Limited (ATV) vs. iShares MSCI Australia ETF (EWA)

Activeport Group Limited Business Overview & Revenue Model

Company DescriptionActiveport Group Limited (ATV) is an Australian technology company specializing in the development and provision of innovative cloud-based solutions and digital infrastructure services. The company operates primarily in the telecommunications and information technology sectors, focusing on enabling businesses and organizations to enhance their connectivity, data management, and operational efficiencies through its comprehensive suite of products and services, including network management, data analytics, and cloud computing solutions.
How the Company Makes MoneyActiveport generates revenue through a variety of streams including subscription-based services, one-time sales of technology solutions, and consulting services. The company primarily earns money by providing businesses with access to its cloud platform, where clients pay a recurring fee for usage based on their specific needs. Additionally, Activeport enters partnerships with telecommunications providers and other technology firms to enhance its service offerings, which can lead to shared revenue opportunities. The company may also earn revenue from value-added services such as data analytics and custom software development tailored to client requirements.

Activeport Group Limited Financial Statement Overview

Summary
Activeport Group Limited is facing financial challenges with declining revenues, persistent losses, and negative cash flows. The company needs to address its cost structure and improve operational efficiency to enhance profitability and cash generation. While the balance sheet shows a manageable debt level, the overall financial health requires strategic improvements to ensure long-term sustainability.
Income Statement
35
Negative
Activeport Group Limited has faced declining revenue with a negative growth rate of -13.26% in the latest period. The company is experiencing significant losses, with a negative net profit margin and EBIT margin, indicating challenges in achieving profitability. The gross profit margin has also decreased, reflecting potential issues in cost management or pricing strategy.
Balance Sheet
50
Neutral
The company's debt-to-equity ratio has increased, indicating a higher reliance on debt financing, which could pose risks if not managed properly. However, the equity ratio remains relatively stable, suggesting a balanced asset structure. The return on equity is negative, reflecting ongoing losses and challenges in generating shareholder value.
Cash Flow
40
Negative
Activeport Group Limited has shown improvement in free cash flow growth, but the operating cash flow remains negative, indicating potential liquidity issues. The free cash flow to net income ratio is unfavorable, highlighting inefficiencies in converting income into cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.61M9.61M14.97M19.40M10.64M425.64K
Gross Profit4.40M4.40M8.10M-1.84M4.38M-2.04M
EBITDA-3.66M-3.66M-8.36M-2.73M-7.87M-2.59M
Net Income-15.68M-15.68M-9.45M-3.41M-6.68M-2.68M
Balance Sheet
Total Assets20.14M20.14M31.98M38.46M39.70M27.75M
Cash, Cash Equivalents and Short-Term Investments1.13M1.13M2.07M1.22M3.44M986.99K
Total Debt3.70M3.70M6.01M5.39M4.56M2.04M
Total Liabilities7.18M7.18M10.94M10.37M11.61M5.15M
Stockholders Equity12.96M12.96M21.04M28.09M28.08M22.61M
Cash Flow
Free Cash Flow-4.39M-4.39M-2.76M-2.74M-8.77M-2.55M
Operating Cash Flow-4.38M-4.38M170.01K-1.28M-7.77M-2.34M
Investing Cash Flow-2.96M-2.96M-2.93M-1.46M-283.18K-449.33K
Financing Cash Flow6.95M6.95M2.88M721.74K11.23M3.65M

Activeport Group Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.03
Negative
100DMA
0.02
Negative
200DMA
Market Momentum
MACD
>-0.01
Positive
RSI
28.86
Positive
STOCH
17.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ATV, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.86 is Positive, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ATV.

Activeport Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
46
Neutral
AU$39.30M-45.00-1.89%3.45%2.06%-277.78%
45
Neutral
AU$7.71M-8.13-76.21%―106.54%74.33%
43
Neutral
AU$3.48M-4.91-92.29%―11.69%55.41%
39
Underperform
AU$20.47M-0.57-134.92%―-35.77%-8.93%
39
Underperform
AU$12.48M-4.12-102.67%―49.03%91.45%
37
Underperform
AU$16.55M-2.04-61.51%―-2.50%23.44%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ATV
Activeport Group Limited
0.02
0.00
0.00%
AU:OVT
IOUpay Limited
0.01
-0.01
-50.00%
AU:CGO
CPT Global Limited
0.08
0.01
16.90%
AU:CCG
Comms Group Ltd. (Australia)
0.07
0.00
0.00%
AU:DXN
DXN Ltd.
0.04
-0.02
-33.33%
AU:REM
RemSense Technologies Ltd.
0.04
0.02
100.00%

Activeport Group Limited Corporate Events

Activeport Group Announces Speculative Bonus Option Issue
Dec 4, 2025

Activeport Group Limited has announced a pro-rata non-renounceable bonus issue of one new Bonus Option for every five shares held by registered shareholders at the record date. This offering is considered highly speculative and is not available to shareholders outside the permitted jurisdictions. The prospectus is a transaction-specific document and does not provide the same level of detail as an initial public offering prospectus. Investors are advised to consult professional advisers before making investment decisions.

Activeport Group Issues New Unquoted Equity Securities
Dec 3, 2025

Activeport Group Limited has announced the issuance of 40,484,849 unquoted equity securities, specifically options exercisable at $0.066 each, set to expire on January 31, 2029. This issuance, part of a previously announced transaction, is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and offering new opportunities for stakeholders.

Activeport Group Limited Announces Quotation of New Securities
Dec 2, 2025

Activeport Group Limited has announced the quotation of 5,177,265 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ATV. This move is part of the company’s strategy to enhance its financial flexibility and potentially improve its market positioning by increasing the liquidity of its shares.

Activeport Group Limited Updates Securities Issue Plan
Nov 28, 2025

Activeport Group Limited has announced an update regarding the proposed issue of securities, with changes to the timetable and eligible jurisdictions. This update reflects the company’s ongoing efforts to manage its securities offerings effectively, potentially impacting its market positioning and stakeholder interests as it seeks to optimize its capital structure and expand its investor base.

ActivePort Group Ltd Updates Director’s Shareholding
Nov 28, 2025

ActivePort Group Ltd has announced a change in the director’s interest notice for Christopher Daly. The company has issued 606,061 ordinary shares to Daly, increasing his total holdings to 8,525,014 ordinary shares. This issuance was approved at the company’s AGM held on 26 November 2025. The change reflects a strategic decision by the company to adjust its director’s shareholding, potentially impacting its governance and stakeholder confidence.

Activeport Group Ltd Issues Over 116 Million Shares to Boost Market Position
Nov 28, 2025

Activeport Group Ltd has issued over 116 million Ordinary Shares without disclosure to investors, in compliance with the Corporations Act 2001. This move is part of their strategic efforts to enhance operational flexibility and potentially strengthen their market position, with no undisclosed information impacting stakeholders.

Activeport Group Ltd Announces New Securities Issuance
Nov 28, 2025

Activeport Group Limited has announced a new issuance of 116,203,709 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ATV. This issuance is part of a transaction previously announced to the market, and it marks a significant development in the company’s financial activities, potentially impacting its market positioning and stakeholder interests.

Activeport Group Issues Unquoted Equity Securities
Nov 28, 2025

Activeport Group Limited announced the issuance of 49,961,970 unquoted equity securities, specifically options expiring on November 30, 2028, with an exercise price of $0.02. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.

Activeport Group Revises Bonus Issue Timetable
Nov 28, 2025

Activeport Group Ltd has announced a revised timetable for its proposed pro-rata bonus issue of new unquoted options, with an exercise price of 4 cents, expiring on 31 January 2028. Shareholders in Australia, New Zealand, Germany, the United Kingdom, and Singapore are eligible to participate. The bonus issue will be conducted via a prospectus lodged with the ASIC and available on the ASX platform. The company reserves the right to amend the dates or not proceed with the bonus issue, highlighting its strategic flexibility in managing shareholder incentives.

Activeport Group Ltd Adopts New Constitution for Enhanced Governance
Nov 26, 2025

Activeport Group Ltd has adopted a new constitution following a special resolution by its members, incorporating amendments made by shareholders. This move is part of the company’s ongoing efforts to refine its governance structure and align with regulatory requirements, potentially impacting its operational flexibility and stakeholder relations.

ActivePort Group Ltd Secures Shareholder Approval at AGM
Nov 26, 2025

ActivePort Group Ltd announced that all resolutions presented at its Annual General Meeting on 26 November 2025 were passed with the required majority. This outcome reflects strong shareholder support and may positively impact the company’s operational strategies and stakeholder confidence, reinforcing its position in the telecommunications and data centre software industry.

ActivePort Group Director’s Interest Update: Christopher Daly Increases Shareholding
Nov 21, 2025

ActivePort Group Ltd has announced a change in the director’s interest involving Christopher Daly. Daly, who holds indirect interests through entities such as Claude L. Daly & Sons Pty Ltd and Ulster Capital Pty Ltd, has exercised 931,641 options at $0.02 each, converting them into ordinary shares. This change increases his total holdings to 7,918,953 ordinary shares. The transaction reflects a strategic move in managing the director’s investment portfolio, potentially impacting the company’s stock dynamics and signaling confidence in the company’s future performance.

Activeport Group Ltd Announces New Securities Issuance
Nov 21, 2025

Activeport Group Ltd has announced a new issuance of 4,465,259 fully paid ordinary securities on the Australian Securities Exchange (ASX), under the code ATV, effective November 21, 2025. This move is part of the company’s strategy to enhance its market presence and potentially increase its capital base, which may have implications for its stakeholders and market positioning.

Activeport Expands with Nine New Channel Partners, Boosting NaaS Revenue
Nov 19, 2025

Activeport Group Ltd has announced the signing of nine new channel partners to its Global Edge Network-as-a-Service platform in the first half of FY26. This expansion is expected to drive significant new recurring revenue as enterprise customers transition from legacy services to Global Edge, which offers superior network provisioning, cloud access, and cybersecurity features. The company’s strategic positioning as a challenger in Australia’s enterprise connectivity market is further solidified by the recent merger of Vocus and TPG, and the rise of new infrastructure players like FibreconX. Activeport’s software overlay solution provides automation, flexibility, and cloud-native integration, distinguishing it from legacy systems and attracting partners seeking higher margins and competitive advantages.

Activeport Group Ltd Enters AI Market with New Model Routing Platform
Nov 16, 2025

Activeport Group Ltd has announced its entry into the AI market with a new AI model routing platform, leveraging its expertise in GPU orchestration. This platform enables private and secure AI hosting, offering hybrid cloud flexibility and compatibility with major public platforms. The launch signifies a strategic expansion from cloud gaming to AI inference, positioning Activeport as a preferred software provider for private AI clouds in telecommunications, government, and enterprise sectors. The move taps into the growing $25B global AI inference market, addressing demands for low-latency, sovereign execution solutions.

Activeport Group Announces Bonus Issue of Securities
Nov 11, 2025

Activeport Group Limited has announced a proposed bonus issue of securities, with a maximum of 202,162,070 options exercisable at $0.04 each, expiring on January 31, 2028. This move is part of the company’s strategic efforts to enhance its market position and provide additional value to its stakeholders, with the issue date set for December 11, 2025.

Activeport Group Announces Bonus Issue of Options to Reward Shareholders
Nov 11, 2025

Activeport Group Ltd has announced a pro-rata bonus issue of new unquoted options to its shareholders, offering one option for every five ordinary shares held. This initiative aims to reward existing shareholders without impacting the company’s cash reserves. The bonus issue is available to shareholders in Australia, New Zealand, and Singapore and will be conducted via a prospectus lodged with the ASIC. The options, which are non-renounceable and non-tradeable, will be issued automatically to eligible shareholders, with shares from exercised options ranking equally with existing shares. This strategic move is expected to strengthen shareholder loyalty and potentially enhance the company’s market position.

Activeport Launches AI-Enabled NNI Exchange in MENA Region
Nov 10, 2025

Activeport Group Ltd has launched the Middle East’s first AI-enabled Network-to-Network Interconnect (NNI) Exchange, positioning itself strategically within the rapidly growing A$112 billion MENA telecommunications market. This move aims to capitalize on the region’s expanding hyperscale data centres, with major players like Amazon investing heavily. The NNI Exchange will facilitate seamless interconnection between telecom networks, AI data centres, and the Cloud, promising new revenue streams and enhanced connectivity for carriers in the region. By linking the MENA gateway with its ASIA counterpart, Activeport plans to expand its reach and provide automated connectivity solutions, potentially revolutionizing inter-carrier connectivity and cloud access across multiple regions.

Activeport Group Limited Announces Quotation of New Securities on ASX
Nov 10, 2025

Activeport Group Limited has announced the quotation of 54,545 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ATV, effective November 10, 2025. This move is part of the company’s strategic efforts to enhance its market presence and provide additional value to its stakeholders.

ActivePort Group Ltd Shareholders Approve Share Issuance
Nov 7, 2025

ActivePort Group Ltd announced that during its General Meeting held on 7 November 2025, a resolution to issue shares to placement participants was passed with the required majority. This decision reflects the company’s strategic move to potentially enhance its capital structure and support its operational and market expansion goals. The approval indicates strong shareholder support, which could positively impact ActivePort’s positioning in the telecommunications and data center software industry.

Activeport Partners with Clarity Global to Enhance OSS/BSS Capabilities
Nov 2, 2025

Activeport Group Ltd has announced a strategic partnership with Clarity Global to integrate advanced back-office functions into its Network Orchestration Platform, targeting the $60 billion OSS/BSS software segment. This collaboration aims to enhance service deployment speed and reduce operational costs for telcos and data centres by incorporating AI-powered automation and cloud-native features. The partnership positions Activeport to compete with industry giants like Amdocs and Netcracker, potentially expanding its market share and accelerating revenue through new service monetisation and improved customer experiences.

Activeport Group Limited Q1 FY26 Update
Oct 31, 2025

Activeport Group Limited has released a presentation updating its stakeholders on its current prospects and development strategy for Q1 FY26. The company emphasizes the importance of understanding the inherent risks and uncertainties associated with its forward-looking statements, which are based on current business strategies and market conditions. Stakeholders are advised to consider these factors when evaluating potential investments in the company.

Activeport Group Ltd Announces Investor Webinar
Oct 29, 2025

Activeport Group Ltd is set to hold an investor briefing on October 31, 2025, to discuss its operations and future plans. This webinar aims to engage stakeholders by providing insights into the company’s strategic direction and technological advancements, potentially impacting its market positioning and stakeholder interests.

Activeport Group Limited Reports Q1 FY26 Results and Strategic Milestones
Oct 29, 2025

Activeport Group Limited reported its Q1 FY26 results, highlighting growth in software revenue and a decrease in SaaS revenue due to aging contracts. The company achieved significant milestones, including the delivery of a self-service portal for Telekom Malaysia and the deployment of GPUs for Reliance Jio’s cloud gaming platform. Activeport successfully raised $4.68 million with further commitments of $4.49 million, positioning the company to accelerate growth. The company’s strategic focus on expanding in Australia, Asia, India, Europe, and the Middle East is expected to enhance its market positioning and stakeholder value.

Activeport Expands Global Edge Platform with NBN Integration
Oct 26, 2025

Activeport Group Ltd has announced the integration of NBN circuit provisioning into its Global Edge network-as-a-service platform, expanding its reach across Australia. This strategic move leverages Managed Networks services and Superloop infrastructure to enhance national connectivity and improve gross margins on $1.9 million of annual revenue. By combining Fibreconnx’s scalable bandwidth with NBN’s extensive reach, the Global Edge platform now supports self-provisioning of NBN services, offering comprehensive access throughout Australia. This integration not only optimizes revenue by migrating 1,600 ISP customers to Activeport’s on-net NBN but also positions Global Edge as a premier solution for international telcos seeking seamless connectivity between overseas origins and Australian destinations.

Activeport Group Ltd Announces Quotation of New Securities on ASX
Oct 23, 2025

Activeport Group Limited has announced the quotation of 2,258,731 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ATV. This move is part of the company’s strategy to enhance its market presence and potentially increase its liquidity, which could have significant implications for its stakeholders and market positioning.

Activeport Group Limited Announces Key Resolutions for Upcoming AGM
Oct 16, 2025

Activeport Group Limited has announced its Annual General Meeting, scheduled for November 26, 2025, in West Perth. Key agenda items include the adoption of the remuneration report, the re-election of Director Christopher Daly, ratification of prior share issues to MWP Partners Limited, and amendments to the company’s constitution to include a proportional takeover provision. These resolutions, if passed, could impact the company’s governance and shareholder structure.

Activeport Group Limited Announces Quotation of New Securities on ASX
Oct 10, 2025

Activeport Group Limited has announced the quotation of 581,569 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ATV. This move is part of the company’s strategy to enhance its market presence and provide liquidity to its stakeholders, potentially impacting its operational dynamics and industry positioning.

Activeport Group Limited Announces General Meeting for Share Issuance Approval
Oct 2, 2025

Activeport Group Limited has announced a general meeting scheduled for November 7, 2025, in West Perth, Australia. The meeting will address a resolution to approve the issuance of up to 117,415,833 shares to placement participants. This move, subject to shareholder approval, is part of the company’s strategic efforts to enhance its capital structure, which could potentially impact its market positioning and stakeholder interests.

ActivePort Group Ltd Releases 2025 Corporate Governance Statement
Sep 29, 2025

ActivePort Group Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is aligned with the ASX Corporate Governance Council’s principles. The statement, approved by the board and available on the company’s website, outlines the company’s adherence to governance recommendations, which is crucial for maintaining investor confidence and regulatory compliance.

Activeport Group Limited Releases 2025 Annual Report
Sep 29, 2025

Activeport Group Limited has released its annual report for the year ending June 30, 2025. The report includes comprehensive financial statements, a chairman’s letter, and an auditor’s report, providing insights into the company’s financial performance and governance. The release of this report is crucial for stakeholders as it offers a detailed overview of the company’s financial health and strategic direction, impacting its industry positioning and future operations.

Activeport Group Ltd Issues Over 68 Million New Shares
Sep 29, 2025

Activeport Group Ltd has announced the issuance of 68,220,533 Ordinary Shares without disclosure to investors, in compliance with relevant sections of the Corporations Act 2001. This move reflects the company’s strategic efforts to strengthen its financial position and enhance its market operations, potentially impacting its stakeholders by increasing its capital base and supporting its growth objectives.

Activeport Group Ltd Announces Quotation of New Securities on ASX
Sep 29, 2025

Activeport Group Ltd has announced the quotation of 1,537,664 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code ATV. This move signifies the company’s strategic efforts to enhance its market presence and potentially attract more investors, thereby impacting its operations and positioning within the industry.

Activeport Group Limited Announces Quotation of New Securities on ASX
Sep 29, 2025

Activeport Group Limited has announced the quotation of 66,220,533 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ATV. This move follows previously announced transactions and is expected to impact the company’s market operations by potentially increasing liquidity and investor interest.

Activeport Group Limited Announces Proposed Securities Issue
Sep 21, 2025

Activeport Group Limited has announced a proposed issue of 136,203,712 ordinary fully paid securities, with the issuance date set for November 26, 2025. This move is part of a placement or other type of issue and is expected to enhance the company’s capital base, potentially strengthening its market position and providing additional resources for growth and expansion.

Activeport Group Limited Announces Proposed Securities Issue
Sep 21, 2025

Activeport Group Limited has announced a proposed issue of 66,220,533 fully paid ordinary securities, with a planned issue date of September 29, 2025. This move is part of the company’s strategic efforts to enhance its capital base, potentially strengthening its market position and providing additional resources for future growth initiatives.

Activeport Secures $6.8M Placement to Drive Growth
Sep 21, 2025

Activeport Group Ltd has successfully completed a $6.8 million placement to institutional and sophisticated investors, facilitated by Alpine Capital. This capital injection will strengthen the company’s balance sheet, fund business development, and support revenue growth, positioning Activeport to capitalize on the growing demand for orchestration software. The placement was completed at a premium to the 15-day VWAP, indicating strong investor confidence. With this funding, Activeport aims to focus on delivering software and achieving cash flow positivity by FY26.

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.Date of analysis: Dec 03, 2025