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Stakk reported FY2026 revenue of AUD $14.89 million and an operating profit of AUD $1.07 million, marking a sharp turnaround from the previous year.
Revenue rose 1,098% from AUD $1.24 million in FY2025, while operating profit compared with an operating loss of AUD $2.64 million a year earlier. Customer receipts climbed to AUD $14.51 million from AUD $1.07 million.
Net cash inflows from operating activities reached AUD $3.78 million, versus a small outflow in FY2025. Cash and cash equivalents stood at AUD $17.57 million at period end, up from AUD $0.37 million a year earlier.
Stakk achieved the operating result after recognising AUD $6.37 million in research and development spending during the year. The investment supported expansion of its technology platform, including work in authentication, transaction decisioning and fraud-related systems for regulated industries.
While the operating line moved into profit, statutory earnings remained negative. Stakk recorded a statutory loss after tax of AUD $5.12 million after booking AUD $6.19 million in non-operating expenses.
These included AUD $3.30 million in acquisition-related costs, an AUD $2.79 million non-cash loss tied to the deconsolidation and wind-down of former Douugh entities, and AUD $0.10 million in finance costs linked to the acquisition of Stakk IQ. Stakk said the Douugh-related charge did not affect operating profit, customer receipts or closing cash.
Balance sheet
The improvement in trading was also reflected in the balance sheet. Net assets increased to AUD $28.72 million from AUD $9.59 million, while net current assets improved to AUD $16.85 million from net current liabilities of AUD $2.29 million in the prior year.
Current assets totalled AUD $18.69 million and current liabilities were AUD $1.84 million. Net tangible assets per share rose to 0.53 cents from negative 0.13 cents.
The year-end financial position did not include proceeds from an AUD $27.0 million institutional placement completed after period end. It also excluded funding obligations associated with the proposed acquisition of ParaScript.
Growth drivers
Stakk said the revenue increase was driven by implementation and delivery under enterprise customer agreements, higher customer usage, and converting contracted customers into production activity. It added that the final revenue and receipts figures reflected completion of year-end accounting and classification work.
The final operating cash flow figure reflected the classification of AUD $3.30 million in acquisition-related payments within investing activities, replacing the earlier unaudited classification used in its June-quarter cash flow update.
Stakk has been reshaping its business around digital trust tools used by financial institutions, governments, healthcare groups, insurers and telecommunications providers. It said the former Douugh entities that were wound down were dormant, did not form part of its digital trust operations, and did not contribute to FY2026 operating revenue.
The reported figures did not include any contribution from the proposed ParaScript acquisition, which had not been completed by the end of the financial year. Stakk has previously said the transaction is expected to expand its scale and international customer base.
Chair's view
Nikhil Ghanekar, Executive Chair of Stakk, commented on the result.
"These results reflect the disciplined approach we have taken to building Stakk-growing revenue, protecting margins, maintaining firm cost controls and converting commercial progress into operating profit. Every decision we make is directed toward building a stronger and more valuable business for our shareholders. The Board remains firmly committed to continuing this work throughout FY2027 as we pursue sustainable growth, increased profitability and long-term shareholder value," Ghanekar said.
The preliminary final report is based on financial statements that are still being audited. Stakk expects the independent auditor's report to include a paragraph concerning a material uncertainty related to going concern.