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1st Group Ltd.
(Sydney:VFX)
1st Group Ltd. (VFX) vs. iShares MSCI Australia ETF (EWA)
1st Group Ltd. Business Overview & Revenue Model
1st Group Ltd. Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 4.19M | 6.65M | 4.47M | 4.83M |
| Gross Profit | -2.42M | 3.94M | 3.41M | 4.83M |
| EBITDA | -3.37M | -1.32M | -3.56M | -6.43M |
| Net Income | -3.19M | -1.83M | -3.66M | -6.82M |
Balance Sheet | ||||
| Total Assets | 3.39M | 2.88M | 4.09M | 4.27M |
| Cash, Cash Equivalents and Short-Term Investments | 1.89M | 1.16M | 1.44M | 2.01M |
| Total Debt | 2.47M | 13.65M | 12.11M | 4.65M |
| Total Liabilities | 5.22M | 19.76M | 18.73M | 8.16M |
| Stockholders Equity | -1.82M | -8.11M | -6.74M | -3.89M |
Cash Flow | ||||
| Free Cash Flow | -3.19M | -1.38M | -3.68M | -2.82M |
| Operating Cash Flow | -3.16M | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -29.51K | 276.80K | 720.13K | -21.84K |
| Financing Cash Flow | 3.92M | 798.81K | 2.36M | 4.59M |
1st Group Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | AU$11.25M | -2.68 | -166.70% | ― | ― | ― | |
42 Neutral | AU$4.23M | -5.22 | ― | ― | -9.90% | 34.07% | |
41 Neutral | AU$6.84M | -4.01 | ― | ― | ― | ― | |
41 Neutral | AU$5.70M | -2.33 | -60.84% | ― | -18.70% | 20.83% | |
40 Underperform | AU$8.19M | -0.90 | ― | ― | -40.05% | -49.57% |
1st Group Ltd. Corporate Events
Visionflex reported H1 FY26 revenue of $1.7 million, down 10% on the prior period, but lifted recurring revenue by 29% to $0.9 million, with subscriptions and support now contributing about 52% of total revenue. Annual recurring revenue rose 23% to $1.95 million, while underlying EBITDA loss remained at $1.3 million and a fair value gain on convertible note conversion reduced loss before tax to $0.1 million.
Management highlighted disciplined cost control, a stronger and more resilient balance sheet with $1.1 million in cash and $1 million in undrawn facilities, and progress on enterprise deployments with partners such as Amplar Health and Aspen Medical. The growing subscription base and scaling partnerships are repositioning the business towards more stable, recurring income and are expected to underpin improved revenue performance in the second half of FY26 and beyond.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group Limited has released its FY26 Appendix 4D and interim financial report, outlining the company’s consolidated financial statements and directors’ commentary for the period. The report package includes profit and loss, balance sheet, cash flow statement, changes in equity and an independent auditor’s review, providing stakeholders with an interim view of the group’s financial position and performance.
The publication of these interim results offers investors and other stakeholders greater transparency on Visionflex Group’s current operations and financial health. By detailing the group’s performance and capital position at this stage of the financial year, the release helps the market assess the company’s progress and risk profile ahead of its full-year reporting.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group Limited has applied to the ASX for quotation of 36,110 new fully paid ordinary shares under its existing issuer code VFX. The additional securities arise from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s quoted share capital and potentially enhancing liquidity for current and future shareholders without indicating any broader strategic shift.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group Limited has announced the expiry of 9,736,607 unexercised options, each with an exercise price of A$0.35 and an expiry date of 25 January 2026, resulting in the cessation of these securities from its issued capital. The lapse of these options slightly simplifies the company’s capital structure and removes a potential source of future equity dilution for existing shareholders, although it does not immediately affect the number of ordinary shares on issue.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group Limited reported a modest cash outflow from operations for the quarter ended 31 December 2025, with net operating cash used of A$290,000 on customer receipts of A$982,000, partly offset by A$569,000 in government grants and tax incentives. Investing activity was minimal, with only A$2,000 spent on property, plant and equipment, while the balance sheet was supported over the half-year by A$540,000 raised via convertible debt securities, leaving the company with a positive cash position of A$1.402 million at quarter end despite continued operating cash burn, a key consideration for investors watching its funding runway and path to sustainable cash flow.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group reported mixed Q2 FY26 results, with customer cash receipts rising 22% year-on-year to $1 million and operating cash outflows improving to $0.3 million, supported by tighter cost control and a growing base of higher-margin recurring software revenue. Unaudited revenue fell 12% to $0.8 million due to lower hardware sales, but annual recurring revenue climbed 23% to $1.95 million, underpinned by progress with key clients such as RFDS Victoria, which renewed its subscription, and Amplar Health, which expanded deployments across residential aged care facilities; alongside a completed 50:1 share consolidation and available liquidity of $2.1 million, the company is positioning itself for ARR-led growth and expects its strategic partnerships and deeper enterprise and government relationships to drive revenue growth in the second half of FY26.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group Limited has notified the market that 553,395 options with an exercise price of $0.35, expiring on 2 January 2026, have lapsed unexercised. The cessation of these options slightly reduces the company’s pool of potential equity dilution but does not immediately alter its issued share capital, representing a routine capital management event for current and prospective shareholders to note.
The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.
Visionflex Group Limited has announced a change in the director’s interest, specifically involving Maikel Kafrouni, through the Kafrouni Family Trust and the TFT Kafrouni Family Trust. The change includes the acquisition of 13,500,000 Service Rights and a consolidation of capital on a 50:1 basis, following shareholder approval at the 2025 AGM. This adjustment in securities reflects a strategic move to streamline and consolidate the company’s capital structure, potentially impacting the company’s financial positioning and shareholder value.
Visionflex Group Limited has announced a change in the director’s interest notice, specifically regarding Joshua Mundey’s indirect interest in securities. The change involves the issue of 27,000,000 Service Rights and a consolidation of capital on a 50:1 basis, following shareholder approval at the 2025 AGM. This adjustment reflects a strategic move in the company’s capital structure, potentially impacting its financial positioning and stakeholder interests.
Visionflex Group Limited announced a significant change in the interests of its director, Brook Adcock, following a consolidation of capital on a 50:1 basis. This change, approved at the 2025 AGM, resulted in a substantial reduction in the number of shares and options held by Adcock’s associated entities, reflecting a strategic move to streamline the company’s capital structure.
Visionflex Group Ltd has completed a share consolidation on a fifty-for-one basis, as approved by shareholders at the 2025 Annual General Meeting. This consolidation aims to streamline the company’s capital structure, with trading in the post-consolidation shares having commenced on a deferred settlement basis. The move is expected to enhance the company’s operational efficiency and potentially improve its market positioning by simplifying its share structure.
Visionflex Group Limited has announced an update regarding the consolidation of its securities. The company has adjusted the balance of its ordinary fully paid shares, performance rights, and service rights, significantly reducing the number of shares and rights post-consolidation. This move is likely aimed at streamlining its capital structure, which could have implications for its market positioning and shareholder value.