Annuncio • May 02
BSA Limited (ASX:BSA) announces an Equity Buyback for 7,530,026 shares, representing 10% for AUD 2.37 million. BSA Limited (ASX:BSA) announces a share repurchase program. Under the program, the company will repurchase 7,530,026 shares, representing 10% of its shares, for AUD 2.37 million. The program aims to return surplus capital to shareholders while maintaining sufficient flexibility to support the company’s ongoing operations and growth initiatives. The program will expire on May 5, 2027. As of April 30, 2026, the company has 75,300,261 shares on issue. Annuncio • Jan 28
Bsa Limited Announces Board Changes, Effective January 26, 2026 BSA Limited announced changes to its Board, all effective January 26, 2026. Mr. Paul Heick and Mr. Warwick Sauer have resigned as Directors of BSA Limited. Mr. Nick Yates has stepped down as Chair of the Board. The Board has appointed Mr. Daniel Raihani as Chair of BSA Limited. Mr. Raihani has been a member of the BSA Board since September 25, 2025 and brings extensive experience across finance, operations and corporate governance, including substantial ASX board experience. Mr. Raihani is also a Director of 7 Enterprises Pty Ltd. The Board has appointed Mr. Piers Lewis as an additional Non-Executive Director of BSA Limited. Mr. Lewis has over 25 years’ corporate advisory experience across Australia, Asia and Europe. He qualified as a Chartered Accountant with Deloitte (Perth) in 2001 and has held senior roles with Credit Suisse (London), Mizuho International, ABN Amro and NAB Capital. Mr. Lewis currently holds the following roles: Non-Executive Chair, OD6 Metals Limited (ASX: OD6); Non-Executive Director, Noronex Limited (ASX: NRX); Company Secretary, Grange Resources Limited (ASX: GRR); Company Secretary, Almonty Industries Inc. (ASX: AII). The Board has appointed Mr. Robert Featherby as Company Secretary, effective immediately. Mr. Featherby has sufficient experience and qualifications to perform the role of Company Secretary. Ms. Nanda Herling has resigned as Company Secretary effective immediately. Annuncio • Sep 29
BSA Limited, Annual General Meeting, Nov 25, 2025 BSA Limited, Annual General Meeting, Nov 25, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: AU$0.05 (vs AU$0.26 in FY 2024) Full year 2025 results: EPS: AU$0.05 (down from AU$0.26 in FY 2024). Revenue: AU$287.0m (up 12% from FY 2024). Net income: AU$3.73m (down 80% from FY 2024). Profit margin: 1.3% (down from 7.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Board Change • Aug 18
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 Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 30
Bsa Limited Announces Resignation of Arjan Van Ameyde as Chief Financial Officer BSA Limited announced that Arjan van Ameyde, Chief Financial Officer, has tendered his resignation in order to pursue an exciting new opportunity. Arjan will remain with the business during a transition period to ensure a smooth handover. Annuncio • Apr 01
BSA Limited Announces Resignation of Chris Halios-Lewis as Non-Executive Director, Effective 24 April 2025 BSA Limited advised that Mr. Chris Halios-Lewis has notified the board of his intention to resign as a Non-Executive Director of BSA Limited effective 24 April 2025. The Board recognized and acknowledged Chris's contribution to BSA over the past 5 years and wishes him well in his future pursuits. Annuncio • Feb 18
BSA Limited Announces Resignation of David Prescott as A Director BSA Limited announced that Mr. David Prescott will resign as a Director of BSA Limited effective immediately on 17 February 2025. Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jan 28
BSA Limited to Report First Half, 2025 Results on Feb 20, 2025 BSA Limited announced that they will report first half, 2025 results on Feb 20, 2025 New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$77.6m market cap, or US$50.2m). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$1.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Commercial Services industry in Australia. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in Australia. Total loss to shareholders of 52% over the past three years. New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$66.6m market cap, or US$44.8m). Annuncio • Sep 02
BSA Limited, Annual General Meeting, Oct 24, 2024 BSA Limited, Annual General Meeting, Oct 24, 2024. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (AU$75.8m market cap, or US$51.5m). Reported Earnings • Aug 24
Full year 2024 earnings released: EPS: AU$0.26 (vs AU$0.083 in FY 2023) Full year 2024 results: EPS: AU$0.26 (up from AU$0.083 in FY 2023). Revenue: AU$255.7m (up 6.6% from FY 2023). Net income: AU$18.9m (up 219% from FY 2023). Profit margin: 7.4% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 52% After last week's 52% share price gain to AU$1.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Commercial Services industry in Australia. Total loss to shareholders of 54% over the past three years. Annuncio • Jul 26
BSA Limited to Report Fiscal Year 2024 Results on Aug 23, 2024 BSA Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 23, 2024 Board Change • May 07
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. 3 non-independent directors. Independent Non-Executive Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 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. 3 non-independent directors. Independent Non-Executive Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.11 (vs AU$0.019 in 1H 2023) First half 2024 results: EPS: AU$0.11 (up from AU$0.019 in 1H 2023). Revenue: AU$121.4m (down 1.3% from 1H 2023). Net income: AU$7.73m (up 465% from 1H 2023). Profit margin: 6.4% (up from 1.1% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Board Change • Feb 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. 3 non-independent directors. Independent Non-Executive Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 31
BSA Limited to Report First Half, 2024 Results on Feb 23, 2024 BSA Limited announced that they will report first half, 2024 results on Feb 23, 2024 Board Change • Jan 05
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. 3 non-independent directors. Independent Non-Executive Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 27
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. 3 non-independent directors. Independent Non-Executive Chair Nick Yates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Negative equity (-AU$9.6m). Minor Risk Market cap is less than US$100m (AU$42.5m market cap, or US$27.6m). Annuncio • Aug 30
BSA Limited to Report Fiscal Year 2023 Results on Aug 30, 2023 BSA Limited announced that they will report fiscal year 2023 results on Aug 30, 2023 New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$16m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$15m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$41.5m market cap, or US$26.6m). Board Change • Aug 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 17
BSA Limited Announces Executive Changes BSA Limited announced that the current company secretary, Graham Seppelt, will retire on 15 May 2023 and the role will be undertaken by the Joint CEO and CFO, Arno Becker. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 20
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. 4 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 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. 4 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
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. 4 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
Full year 2022 earnings released: AU$0.081 loss per share (vs AU$0 in FY 2021) Full year 2022 results: AU$0.081 loss per share (down from AU$0 in FY 2021). Revenue: AU$466.4m (up 10% from FY 2021). Net loss: AU$42.2m (down AU$42.3m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: AU$0.051 loss per share (down from AU$0.001 profit in 1H 2021). Revenue: AU$217.6m (up 2.1% from 1H 2021). Net loss: AU$22.0m (down AU$22.3m from profit in 1H 2021). Revenue exceeded analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 8.9%, compared to a 5.7% growth forecast for the industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Michelle Cox was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
Full year 2021 earnings released: EPS AU$0.003 (vs AU$0.018 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$422.5m (down 13% from FY 2020). Net income: AU$1.48m (down 81% from FY 2020). Profit margin: 0.4% (down from 1.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Michael Givoni was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 16
New 90-day low: AU$0.28 The company is down 8.0% from a price of AU$0.31 on 16 December 2020. Underperformed the Australian market, which is up 3.0% over the last 90 days. Lagged the Commercial Services industry, which is down 3.0% over the same period. Reported Earnings • Feb 20
First half 2021 earnings released: EPS AU$0.003 (vs AU$0.011 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$213.2m (down 18% from 1H 2020). Net income: AU$1.30m (down 72% from 1H 2020). Profit margin: 0.6% (down from 1.8% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 5.7%, compared to a 5.1% growth forecast for the Commercial Services industry in Australia. Is New 90 Day High Low • Dec 16
New 90-day high: AU$0.31 The company is up 13% from its price of AU$0.28 on 17 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period.