ASF Group Limited (AGX: AFA) reported a net cash outflow of AU$660,000 from operating activities, primarily due to staff and administrative costs. Investing activities saw a cash outflow of AU$242,000, attributed to contributions to the Dawson West joint venture. However, financing activities yielded a significant cash inflow of AU$2 million from borrowings. Overall, the company experienced a net increase in cash of AU$1.3 million, resulting in a closing cash balance of AU$2.4 million.
The company retains access to unused financing facilities totaling AU$7.05 million. During the quarter, ASF paid approximately AU$261,000 to related parties, including consulting fees and office rentals. Additionally, the company announced an extension of its share buyback program and secured a AU$7 million loan facility from Star Diamond, extending the maturity date to December 2025. The company continues to pursue its strategic investments, including a 16.74% stake in ActivEX Limited.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
