RTO (RTO) investor relations material

Executive summary

• No business activities were undertaken during the period; focus remained on seeking a reverse takeover (RTO) opportunity.

• Major shareholder Blackwell Global Group Limited forgave $300,000 of secured bonds and capitalised $250,000 into new shares, extinguishing all bond liabilities.

• Company completed a share consolidation, reducing shares on issue to 10,000,026.

• Board continues to seek suitable acquisition targets, with discussions ongoing but no transactions completed.

Financial highlights

• Net profit after tax of $151,937 for the six months ended 30 September 2024, compared to a net loss of $124,756 for the same period last year.

• Total income of $307,435, including $300,000 in other income from bond debt forgiveness.

• Total expenses were $155,498, up from $134,620 in the prior year period.

• Cash and cash equivalents at period end were $480,897, down from $736,485 at 30 September 2023.

• Net tangible assets per share increased to 5.68 cents from 0.04 cents at 30 September 2023.

Outlook and guidance

• Board remains focused on identifying and executing a reverse takeover transaction to acquire a suitable business.

• Company intends to deploy available funds for compliance, administrative costs, and RTO investigation.

• Ongoing strategy includes seeking businesses with strong management, growth potential, and scalable models.