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Frugl Group Limited
(Sydney:IFG)
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Rating:41Neutral
Price Target:
AU$0.01
▼(-50.00% Downside)
Action:Reiterated
Date:04/14/26
The score is driven primarily by weak financial performance: heavy losses, negative gross profit, and ongoing cash burn outweigh strong recent revenue growth. Technicals also detract due to bearish momentum and trading below key moving averages, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Rapid revenue growth
The company delivered very strong top-line expansion (2025 revenue up ~250% to ~$4.4m), indicating accelerating customer adoption and scale. Sustained high revenue growth provides a structural runway to absorb fixed costs and support margins if unit economics improve and churn remains controlled.
Negative Factors
Persistent unprofitability
Despite revenue gains, the company reports negative gross profit and deep operating losses (~$3.9m), indicating structural issues in unit economics or pricing. Prolonged unprofitability erodes capital, weakens returns, and makes the business dependent on external funding unless margins materially improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue growth
The company delivered very strong top-line expansion (2025 revenue up ~250% to ~$4.4m), indicating accelerating customer adoption and scale. Sustained high revenue growth provides a structural runway to absorb fixed costs and support margins if unit economics improve and churn remains controlled.
Read all positive factors
Frugl Group Limited (IFG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.03M
Dividend YieldN/A
Average Volume (3M)592.19K
Price to Earnings (P/E)―
Beta (1Y)2.85
Revenue Growth128.94%
EPS Growth-54.17%
CountryAU
Employees1
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding505,028,930
10 Day Avg. Volume249,757
30 Day Avg. Volume592,187
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.16
Price to Sales (P/S)0.62
P/FCF Ratio-2.56
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
Frugl Group Limited Business Overview & Revenue Model
Company Description
Based in Northbridge, Australia, InFocus Group Holdings Limited (formerly Frugl Group Limited until November 2024) was established in 2001 as a data intelligence and software solutions provider. The company's operations encompass several key areas...
How the Company Makes Money
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Frugl Group Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.27M | 4.43M | 796.60K | 162.26K | 142.83K |
| Gross Profit | -3.14M | -1.11M | 688.48K | 162.26K | 142.83K |
| EBITDA | -5.80M | -3.26M | -2.86M | -2.20M | -2.23M |
| Net Income | -6.18M | -3.86M | -3.11M | -2.28M | -2.24M |
Balance Sheet | |||||
| Total Assets | 7.77M | 6.51M | 4.91M | 1.42M | 226.61K |
| Cash, Cash Equivalents and Short-Term Investments | 586.84K | 552.83K | 652.91K | 1.30M | 73.81K |
| Total Debt | 4.02M | 1.99M | 1.47M | 0.00 | 700.00K |
| Total Liabilities | 6.47M | 4.16M | 2.36M | 421.39K | 1.05M |
| Stockholders Equity | 1.29M | 2.36M | 2.54M | 998.62K | -824.38K |
Cash Flow | |||||
| Free Cash Flow | -1.02M | -1.07M | -2.76M | -2.05M | -1.93M |
| Operating Cash Flow | -812.97K | -796.19K | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -2.00M | -776.77K | -69.64K | 0.00 | -10.16K |
| Financing Cash Flow | 3.04M | 1.45M | 1.97M | 3.28M | 1.75M |
Frugl Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$64.62M | 11.11 | 7.00% | ― | 7.68% | ― | |
54 Neutral | AU$49.71M | 50.36 | -30.20% | ― | 31.09% | ― | |
48 Neutral | AU$3.77M | -5.33 | -112.53% | ― | ― | ― | |
47 Neutral | AU$10.57M | 10.91 | 85.44% | ― | 25.61% | ― | |
46 Neutral | AU$6.98M | -0.11 | -53.64% | ― | 6.96% | 31.11% | |
41 Neutral | AU$3.03M | -0.23 | -138.56% | ― | 128.94% | -54.17% |
* Technology Sector Average
AU:IFG
Frugl Group Limited
0.01
-0.01
-50.00%
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0.07
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0.01
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-95.83%
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47.54%
AU:CCR
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-50.94%
Frugl Group Limited Corporate Events
InFocus issues 1.8 million shares and lodges cleansing notice
Jun 19, 2026
InFocus Group Holdings has issued 1,807,143 new shares on 15 June 2026 without a prospectus, relying on disclosure exemptions under the Corporations Act. The company stated it remains compliant with financial reporting and continuous disclosure ob...
InFocus Restructures Thai Operations to Cut Costs and Refocus on AI, iGaming and Digital Assets
Jun 4, 2026
InFocus Group Holdings is reshaping its Thai operations as advances in AI-native engineering compress development cycles and enable leaner teams, prompting a consolidation of its enterprise software and platform work under the Onify brand while re...
InFocus launches Codexa iGaming platform and expands role in Thai government tech overhaul
Apr 24, 2026
InFocus Group Holdings has completed and launched Codexa, a next-generation sweepstakes casino platform developed by its InFocus Gaming Technologies unit, positioning the company as a provider of proprietary iGaming technology in the fast-growing ...
Infocus Group Expands ASX-Quoted Capital With New Share Issue
Apr 21, 2026
Infocus Group Holdings Limited has applied for quotation on the ASX of 10,653,409 new fully paid ordinary shares, to be issued on 21 April 2026. The additional securities arise from the exercise or conversion of existing options or other convertib...
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.