Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2025) First half 2026 results: AU$0.001 loss per share (improved from AU$0.002 loss in 1H 2025). Revenue: AU$274.4k (down 15% from 1H 2025). Net loss: AU$127.0k (loss narrowed 39% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
Fitzroy River Corporation Limited, Annual General Meeting, Nov 27, 2025 Fitzroy River Corporation Limited, Annual General Meeting, Nov 27, 2025. Reported Earnings • Sep 05
Full year 2025 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in FY 2024) Full year 2025 results: AU$0.003 loss per share (further deteriorated from AU$0.001 loss in FY 2024). Revenue: AU$607.5k (down 16% from FY 2024). Net loss: AU$272.3k (loss widened 279% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. New Risk • Sep 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m (AU$608k revenue, or US$397k). Market cap is less than US$10m (AU$15.1m market cap, or US$9.85m). Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chaiwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chaiwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chaiwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chaiwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chaiwoman Sue Thomas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.001 profit in 1H 2024) First half 2025 results: AU$0.002 loss per share (down from AU$0.001 profit in 1H 2024). Revenue: AU$324.1k (down 27% from 1H 2024). Net loss: AU$209.5k (down 236% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Dec 09
High number of new directors Non-Executive Director Mitch Dawney was the last director to join the board, commencing their role in 2024. Announcement • Nov 11
Fitzroy River Corporation Ltd Announces Board Appointments, Effective 2 December 2024 Fitzroy River Corporation Ltd. announced that with effect from 2 December 2024: Susan Thomas will be appointed Chair. Ms Thomas (through her associated entities) is a substantial shareholder of the Company and is therefore not considered an independent director; and Mitch Dawney will be appointed as a director to fill the casual vacancy from the announced retirement of Mr. McComas. Mr. Dawney is Managing Director of Dawney & Co Ltd. and joins as non-executive director of the Company. He brings significant experience in small cap investment and the Board is delighted to welcome Mr. Dawney. Announcement • Sep 09
Fitzroy River Corporation Limited, Annual General Meeting, Oct 30, 2024 Fitzroy River Corporation Limited, Annual General Meeting, Oct 30, 2024. Reported Earnings • Sep 05
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 profit in FY 2023) Full year 2024 results: AU$0.001 loss per share (down from AU$0.001 profit in FY 2023). Revenue: AU$814.3k (down 22% from FY 2023). Net loss: AU$71.9k (down 152% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Aug 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m (AU$794k revenue, or US$542k). Market cap is less than US$10m (AU$14.6m market cap, or US$9.94m). Minor Risk Profit margins are more than 30% lower than last year (27% net profit margin). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Non-Executive Director Cameron Manifold was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 66% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.1m revenue, or US$695k). Minor Risks Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (AU$15.7m market cap, or US$10.1m). Announcement • Sep 06
Fitzroy River Corporation Limited, Annual General Meeting, Nov 01, 2023 Fitzroy River Corporation Limited, Annual General Meeting, Nov 01, 2023. Reported Earnings • Mar 14
First half 2023 earnings released First half 2023 results: Net income: AU$77.6k (up AU$77.6k from 1H 2022). Announcement • Dec 09
Fitzroy River Corporation Ltd Announces Special Dividend, Payable on 23 December 2022 Fitzroy River Corporation Ltd. announced the payment of a special dividend to all shareholders (Special Dividend). The Special Dividend of 0.5 cents per ordinary share will be fully franked and will be paid on Friday 23 December 2022 to all eligible registered shareholders. The key dates for the payment of the Special Dividend are as follows: Ex-dividend Date is 14 December 2022, Record Date is 15 December 2022, Payment of Special Dividend will be on 23 December 2022. Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: AU$0.008 (vs AU$0.001 in FY 2021) Full year 2022 results: EPS: AU$0.008 (up from AU$0.001 in FY 2021). Revenue: AU$1.29m (up 87% from FY 2021). Net income: AU$851.0k (up AU$767.4k from FY 2021). Profit margin: 66% (up from 12% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 20
Fitzroy River Corporation Limited, Annual General Meeting, Nov 17, 2022 Fitzroy River Corporation Limited, Annual General Meeting, Nov 17, 2022. Agenda: To consider the reelection and appointment of directors. Recent Insider Transactions • Jun 24
Insider recently bought AU$345k worth of stock On the 17th of June, Troy Harry bought around 3m shares on-market at roughly AU$0.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$883k more in shares than they have sold in the last 12 months. Announcement • Mar 04
Fitzroy River Corporation Limited Announces Company Secretary Changes Fitzroy River Corporation Limited announced the appointment of Mr. Brendon Morton as Joint Company Secretary, effective 3 March 2022. Mr. Morton is a member of both the Institute of Chartered Accountants Australia (ICAA) and the Governance Institute of Australia (GIA). Mr. Morton has held Company Secretarial roles with a number of ASX listed companies. Company's current Company Secretary, Justin Clyne, has advised that he will be finishing in the role effective 10 May 2022. Mr. Morton will act as Joint Company Secretary alongside Justin Clyne until that time. Recent Insider Transactions • Mar 01
Independent Non-Executive Chairman recently bought AU$101k worth of stock On the 25th of February, Malcolm McComas bought around 750k shares on-market at roughly AU$0.13 per share. This was the largest purchase by an insider in the last 3 months. This was Malcolm's only on-market trade for the last 12 months. Reported Earnings • Feb 10
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.002 (down from AU$0.004 in 1H 2021). Revenue: AU$510.4k (up 56% from 1H 2021). Net income: AU$226.0k (down 42% from 1H 2021). Profit margin: 44% (down from 119% in 1H 2021). The decrease in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 16
Full year 2021 earnings released: EPS AU$0.001 (vs AU$0.067 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.19m (up 146% from FY 2020). Net income: AU$83.6k (up AU$5.91m from FY 2020). Profit margin: 7.0% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Fitzroy River Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.590902 million. Fitzroy River Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.590902 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,590,850
Price\Range: AUD 0.12
Transaction Features: Rights Offering Reported Earnings • Feb 07
First half 2021 earnings released: EPS AU$0.004 (vs AU$0.031 loss in 1H 2020) First half 2021 results: Revenue: AU$326.0k (up 126% from 1H 2020). Net income: AU$386.0k (up AU$3.06m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 98% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 24
Full year earnings released - AU$0.068 loss per share Over the last 12 months the company has reported total losses of AU$5.83m, with losses widening by AU$5.39m from the prior year. 
