Spenda Limited (AU:SPX)
ASX:SPX
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Spenda Limited
(Sydney:SPX)
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Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:10/19/25
The overall score of 45 for Spenda Limited is primarily driven by weak financial performance, with significant profitability and cash flow concerns overshadowing impressive revenue growth. Valuation challenges due to negative earnings further weigh on the score, while limited technical data contributes to a neutral outlook. Investors should approach with caution given the current financial strain.
Positive Factors
Revenue Growth
The substantial revenue growth indicates strong demand for Spenda's products and services, suggesting successful market penetration and potential for future expansion.
Negative Factors
Profitability Challenges
Persistent profitability issues highlight operational inefficiencies and cost management challenges, which could hinder long-term financial health if not addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The substantial revenue growth indicates strong demand for Spenda's products and services, suggesting successful market penetration and potential for future expansion.
Read all positive factors
Spenda Limited (SPX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.75M
Dividend YieldN/A
Average Volume (3M)1.78M
Price to Earnings (P/E)―
Beta (1Y)0.01
Revenue Growth106.21%
EPS Growth-60.61%
CountryAU
Employees78
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,873,258,300
10 Day Avg. Volume1,789,535
30 Day Avg. Volume1,782,141
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.21
Price to Sales (P/S)0.29
P/FCF Ratio-1.66
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
Spenda Limited Business Overview & Revenue Model
Company Description
Spenda Limited develops and commercializes technology assets that enable the modernization of business IT systems through conversion, migration, and management of server-based legacy data and systems to the cloud in Australia. It operates through ...
How the Company Makes Money
Spenda Limited generates revenue primarily through transaction fees charged on payments processed via its platforms, subscription fees for access to its software solutions, and value-added services such as analytics and reporting tools. The compan...
Spenda Limited Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q2-2026)
| Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Neutral
The call delivered a mix of clear operational progress and measurable improvements (product consolidation, payments volume, cost savings, leadership stabilization and board strengthening) while also highlighting material near-term financial risks (tight cash balance, reliance on an R&D refund, limited sales headcount and concentration on cornerstone customers). Management articulated credible execution initiatives — product relaunches, sales/marketing focus and structural cost savings — but concrete near-term funding runway and adoption timelines remain key uncertainties.Positive Updates
Payments Volume Growth
Payments volume increased to $227 million from $204 million in prior quarter (presented as a quarter-on-quarter uplift). Management highlighted continued month-on-month growth across products and expects the trend to continue.
Negative Updates
Cash Position and Runway Risk
Company reported $1.5 million cash at quarter end with a monthly burn cited at ~$360,000. Management is reliant on a $2.5 million R&D refund expected in Q3 and is focused on getting cash-flow positive — runway remains a material investor concern.
Read all updates
Q2-2026 Updates
Positive
Negative
Payments Volume Growth
Payments volume increased to $227 million from $204 million in prior quarter (presented as a quarter-on-quarter uplift). Management highlighted continued month-on-month growth across products and expects the trend to continue.
Read all positive updates
Company Guidance
Management guided that after simplifying the business from 13 products to 3 and cutting headcount from 90 to 50, the company will focus on sales and marketing to scale from Feb/Mar (Spenda Pay relaunch end‑Feb/early‑Mar) with one new salesperson, aiming to get cash‑flow positive while expanding a higher‑margin SaaS/lending/payments mix; they cited beating December targets (revenue $2.8B vs $2.4B target; total payment flow $227M vs $208M target, up 33% QoQ from $204M), SME funding pilot growth of 33% (vs 9% expected), APG Pay processing ~$50M in Q2 and ~135 SWIFT customers, and material cost wins (monthly savings rising from $171k to $320k, ~21% average burn reduction, ~$3.85M annualized savings), with quarter‑end cash of ~$1.5M, a ~$360k monthly burn and a ~$2.5M R&D refund expected in Q3.Spenda Limited Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.35M | 11.08M | 5.14M | 3.11M | 2.25M | 776.75K |
| Gross Profit | -4.03M | -654.41K | -7.48M | -8.28M | -9.26M | -978.04K |
| EBITDA | -8.73M | -11.67M | -8.68M | -6.89M | -53.14M | -11.24M |
| Net Income | -20.96M | -24.31M | -13.21M | -11.00M | -50.24M | -11.41M |
Balance Sheet | ||||||
| Total Assets | 24.27M | 25.78M | 51.05M | 53.38M | 54.33M | 87.19M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 3.69M | 9.84M | 8.35M | 7.61M | 21.39M |
| Total Debt | 5.92M | 4.76M | 13.89M | 12.26M | 8.27M | 28.47K |
| Total Liabilities | 13.22M | 10.36M | 16.54M | 15.20M | 10.93M | 5.89M |
| Stockholders Equity | 11.04M | 15.42M | 34.50M | 38.19M | 43.40M | 81.30M |
Cash Flow | ||||||
| Free Cash Flow | -4.47M | -1.92M | -7.91M | -2.41M | -10.57M | -3.06M |
| Operating Cash Flow | -4.44M | -1.87M | -5.85M | -2.33M | -10.48M | -3.05M |
| Investing Cash Flow | -7.46M | -7.15M | -1.32M | 787.79K | -2.48M | -2.99M |
| Financing Cash Flow | 6.23M | 2.87M | 8.66M | 2.27M | -814.74K | 27.15M |
Spenda 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% | |
52 Neutral | AU$30.29M | 0.19 | 350.35% | ― | 24.46% | 24.10% | |
45 Neutral | AU$11.75M | -0.48 | -158.38% | ― | 106.21% | -60.61% | |
45 Neutral | AU$31.50M | -17.78 | -64.64% | 4.99% | -38.38% | -275.50% | |
42 Neutral | AU$8.51M | -1.21 | -15.64% | ― | -22.47% | 39.26% | |
39 Underperform | AU$8.52M | -1.59 | -429.54% | ― | ― | ― |
* Technology Sector Average
AU:SPX
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Spenda Limited Corporate Events
Spenda Issues 375,000 Unquoted Convertible Notes to Bolster Funding
Dec 30, 2025
Spenda Limited has notified the market of the issue of 375,000 unquoted convertible notes, designated under the ASX security code SPXAG, with an issue date of 22 December 2025. This capital-raising move via convertible notes provides the company w...
Spenda Scraps 50 Million Director Options, Plans New Incentive Scheme
Dec 29, 2025
Spenda Limited has decided not to proceed with the previously approved issuance of 50 million options to director Francis DeSouza, despite shareholder approval at its 2025 AGM, following further discussions between the board and the director. The ...
Spenda Limited Reveals Top Shareholder Holdings
Dec 18, 2025
Spenda Limited has released its updated top shareholders’ report as of December 18, 2025. The report indicates that INVIA Custodian Pty Limited holds the largest percentage stake at 11.56%, with the top 20 shareholders collectively holding ...
Spenda Limited Announces Issuance of 553.4 Million Shares
Dec 16, 2025
Spenda Limited has issued 553,400,000 ordinary shares as of December 16, 2025. This issuance falls under the exemption of Section 708A (5) of the Corporations Act 2001, allowing the on-sale of these securities without disclosure. The company has c...
Spenda Limited to List 519.4 Million New Securities on ASX
Dec 16, 2025
Spenda Limited has announced the application for the quotation of 519,400,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code SPX, effective December 16, 2025. This move is part of a previously announced t...
Spenda Limited Announces Quotation of 34 Million Securities on ASX
Dec 16, 2025
Spenda Limited has announced the issuance of 34 million ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX) under the code SPX. This move is part of an employee incentive scheme and reflects the company’s ...
Spenda Limited Announces Major Securities Issuance
Dec 9, 2025
Spenda Limited has announced a proposed issue of securities, including 280 million options with an exercise price of $0.005 expiring on January 31, 2028, and 560 million fully paid ordinary shares. The proposed issue date is December 15, 2025. Thi...
Spenda Limited Announces Proposed Securities Issue
Dec 9, 2025
Spenda Limited has announced a proposed issue of securities, specifically 20 million options with an exercise price of $0.005, set to expire on January 31, 2028. This move is part of a placement or other type of issue, with the proposed issue date...
Spenda Limited Secures $1.4 Million in Private Placement
Dec 9, 2025
Spenda Limited has successfully raised $1.4 million through a private placement, attracting support from both new and existing investors, including board members. The funds will be allocated towards product development and general working capital,...
Spenda Limited Initiates Trading Halt Ahead of Capital Raising Announcement
Dec 5, 2025
Spenda Limited has requested a trading halt on its securities pending an announcement related to a proposed capital raising. This halt will remain until the announcement is made or normal trading resumes on December 9, 2025. The decision for a tra...
Spenda Limited Director Increases Shareholding
Dec 2, 2025
Spenda Limited has announced a change in the director’s interest, with Director Karim Razak acquiring an additional 10 million shares through an on-market trade. This acquisition increases Razak’s indirect holdings to 138,986,457 share...
Spenda Limited Appoints New Director with Significant Stake
Dec 1, 2025
Spenda Limited has announced the appointment of Karim Razak as a new director, effective November 26, 2025. Razak holds a significant interest in the company, with over 20 million shares directly and an additional 128 million shares through A Raza...
Spenda Limited Appoints New Independent Non-Executive Director
Nov 27, 2025
Spenda Limited has appointed Karim Razak, an experienced entrepreneur and investor, as an Independent Non-Executive Director following his election at the company’s Annual General Meeting. Razak brings significant entrepreneurial experience,...
Spenda Limited Successfully Passes All Resolutions at AGM
Nov 26, 2025
Spenda Limited held its Annual General Meeting on November 26, 2025, where all proposed resolutions were passed by shareholder vote, except for one that was withdrawn. The meeting included decisions on director elections and the ratification of pr...
Spenda Limited Cancels Capital Consolidation Resolution
Nov 25, 2025
Spenda Limited has announced the cancellation of a previous resolution regarding the consolidation of its capital, which was initially proposed at the Annual General Meeting. The decision to withdraw this resolution affects several securities, inc...
Spenda Limited Withdraws Capital Consolidation Resolution from AGM Agenda
Nov 25, 2025
Spenda Limited has announced the withdrawal of Resolution 11, concerning the Consolidation of Capital, from the agenda of its 2025 Annual General Meeting. This decision may impact the company’s financial strategy and stakeholder expectations...
Spenda Limited Announces Upcoming Webinar on Quarterly Results
Nov 4, 2025
Spenda Limited has announced a pre-recorded webinar presentation, available on their website, where CEO Mrs. Corrie Hassan will discuss the company’s recent quarterly results and outline plans for the new financial year. The webinar aims to ...
Spenda Limited Announces Share Issuance Exemption
Oct 31, 2025
Spenda Limited has issued 137,142,857 ordinary shares, which are now exempt from the on-sale restrictions under the Corporations Act 2001, following the company’s compliance with relevant legal provisions. This move allows for the unrestrict...
Spenda Limited Announces Quotation of New Securities on ASX
Oct 31, 2025
Spenda Limited has announced the quotation of 137,142,857 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code SPX. This move is part of a previously announced transaction, potentially impacting the companyR...
Spenda Limited Reports Strong Q1 FY26 Results Amid Strategic Restructuring
Oct 31, 2025
Spenda Limited reported its Q1 FY26 results, highlighting cash receipts of $2.1 million and record payment volumes of $204 million. The company focused on cost rationalization, achieving a 21% reduction in operating cash outflows. The resignation ...
Spenda Limited Announces Proposed Issue of 50 Million New Securities
Oct 29, 2025
Spenda Limited has announced a proposed issue of 50 million new securities, with options priced at $0.01 each, set to expire on November 30, 2028. This move is part of a strategic placement aimed at enhancing the company’s financial flexibil...
Spenda Limited Releases Corporate Governance Statement for FY2025
Oct 27, 2025
Spenda Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms that the company has adhered to the ASX Corporate Governance Council’s re...
Spenda Limited Announces Security Consolidation to Enhance Market Efficiency
Oct 24, 2025
Spenda Limited has announced a security consolidation for its SPX ordinary fully paid shares and various options, set to commence trading on a deferred settlement basis from December 5, 2025. This reorganization aims to streamline the company̵...
Spenda Limited Announces 2025 Annual General Meeting Details
Oct 24, 2025
Spenda Limited has announced its 2025 Annual General Meeting, scheduled to take place on November 26, 2025, at Karstens Melbourne. Shareholders are encouraged to participate in the meeting either in person or by proxy, with the deadline for proxy ...
Spenda’s Limepay Achieves Revenue Milestone, Triggers Share Issuance
Oct 22, 2025
Spenda Limited has announced that its subsidiary, Limepay Pty Ltd, has met the conditions for the issuance of Tranche 3 Deferred Consideration by achieving a three-month revenue of $1.2 million. This milestone triggers the issuance of 137,142,857 ...
Spenda Limited Issues 112.5 Million Shares with Exemption
Oct 13, 2025
Spenda Limited has announced the issuance of 112,500,000 ordinary shares, which will be exempt from resale restrictions under Section 708A (5) of the Corporations Act 2001. This move allows the company to facilitate the trading of these shares wit...
Spenda Limited Announces Quotation of New Securities on ASX
Oct 13, 2025
Spenda Limited has announced the quotation of 112,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code SPX. This move is part of previously announced transactions and is expected to enhance the company&...
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.