Annuncio • Oct 16
AVADA Group Limited, Annual General Meeting, Nov 18, 2025 AVADA Group Limited, Annual General Meeting, Nov 18, 2025. Location: allens, level 26, 480 queen street, brisbane, qld 4000, Australia Reported Earnings • Oct 05
Full year 2025 earnings released: AU$0.18 loss per share (vs AU$0.018 profit in FY 2024) Full year 2025 results: AU$0.18 loss per share (down from AU$0.018 profit in FY 2024). Revenue: AU$183.1m (down 11% from FY 2024). Net loss: AU$15.6m (down AU$17.1m from profit in FY 2024). 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 42% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.21 loss per share (vs AU$0.018 profit in FY 2024) Full year 2025 results: AU$0.21 loss per share (down from AU$0.018 profit in FY 2024). Revenue: AU$183.1m (down 11% from FY 2024). Net loss: AU$17.6m (down AU$19.1m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Board Change • Jun 06
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 Neil Scales was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.87m) 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. Earnings have declined by 4.7% per year over the past 5 years. Market cap is less than US$10m (AU$15.3m market cap, or US$9.87m). Reported Earnings • Feb 27
First half 2025 earnings released: AU$0.12 loss per share (vs AU$0.051 profit in 1H 2024) First half 2025 results: AU$0.12 loss per share (down from AU$0.051 profit in 1H 2024). Revenue: AU$91.1m (down 11% from 1H 2024). Net loss: AU$9.57m (down 332% from profit in 1H 2024). New Risk • Feb 26
New major risk - Revenue and earnings growth Earnings have declined by 4.7% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Shares are highly illiquid. Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$40.8m market cap, or US$25.7m). Annuncio • Feb 25
Avada Group Limited Appoints Donald Montgomery as New CEO, Effective from April 7, 2025 AVADA Group Limited confirm that Donald Montgomery will commence as the new Chief Executive Officer on 7 April 2025. Donald brings a wealth of experience in the infrastructure services sector, and his leadership is a key element in driving AVADA into its next phase of growth. Annuncio • Jan 29
AVADA Group Limited Announces Chief Financial Officer Changes AVADA Group Limited announced that the Chief Financial Officer (CFO), Mr. Michael Wilkes, has tendered his resignation from the Company with immediate effect. The recruitment process to appoint a new CFO has commenced under the leadership of the Managing Director, Dan Crowley, and incoming CEO, Mr. Donald Montgomery, who are overseeing the process to select a highly qualified and suitable candidate for these key leadership positions.
AVADA Board Non-Executive Director Ann-Maree Robertson has been appointed as interim CFO, bringing extensive experience in financial reporting, accounting, governance, and internal control systems. Ann-Maree has a strong track record advising ASX-listed companies across a wide range of industries, including resources exploration, construction, service industries, and financial services. Annuncio • Jan 28
AVADA Group Limited Announces Company Secretary Changes AVADA Group Limited announced that Company Secretary, Mr. Michael Wilkes, has tendered his resignation from the Company with immediate effect. The recruitment process to appoint a new Company Secretary has commenced under the leadership of the Managing Director, Dan Crowley, and incoming CEO, Mr. Donald Montgomery, who are overseeing the process to select a highly qualified and suitable candidate for these key leadership positions. Andrew Metcalfe has been appointed as interim Company Secretary and has expertise in board and corporate governance practices. Andrew is a highly experienced professional and has supported over 50 ASX-listed companies, strengthening governance platforms and enhancing compliance functions. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lindsay Barber was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (AU$42.9m market cap, or US$29.5m). Annuncio • Sep 26
AVADA Group Limited Appoints Lindsay Barber as an Independent Non-Executive Director, Effective 26 September 2024 AVADA Group Limited announced the appointment of Mr. Lindsay Barber as an independent non-executive director, effective 26 September 2024. Lindsay Barber will stand for election at company's 2024 Annual General Meeting, scheduled to be held on 20 November 2024. Mr. Barber has more than 40 years' experience in commercial building and project management, working across the construction industry across Australasia. He commenced his career in 1984 with Jennings Industries and joined Johns Lyng Group as General Manger in 2005. Mr. Barber was subsequently appointed Chief Operating Officer in 2010 and for a period, Executive Director, for Johns Lyng. During Mr. Barber's time at Johns Lyng, he has been responsible for day-to-day operations of the multi-faceted building services group, including strategic planning. He played a key role in growing the business from a small private entity with 40 employees, to a listed company that joined the S&P/ASX 200 index with revenues in excess of $1.1 billion and over 2,000 employees. Mr. Barber is a seasoned leader with a successful history of strategic planning, commercial and operational transformation and change management. His experience working with blue-chip contractors will provide significant value to AVADA in executing its growth strategy. Annuncio • Sep 25
AVADA Group Limited, Annual General Meeting, Nov 20, 2024 AVADA Group Limited, Annual General Meeting, Nov 20, 2024. Recent Insider Transactions • Sep 10
MD, CEO & Director recently bought AU$159k worth of stock On the 4th of September, Daniel Crowley bought around 352k shares on-market at roughly AU$0.45 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of AU$597k worth in shares. Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0.02 (vs AU$0.077 loss in FY 2023) Full year 2024 results: EPS: AU$0.02 (up from AU$0.077 loss in FY 2023). Revenue: AU$204.9m (up 16% from FY 2023). Net income: AU$1.51m (up AU$7.14m from FY 2023). Profit margin: 0.7% (up from net loss in FY 2023). Annuncio • Aug 30
AVADA Group Limited to Report Fiscal Year 2024 Results on Aug 30, 2024 AVADA Group Limited announced that they will report fiscal year 2024 results on Aug 30, 2024 Recent Insider Transactions • Jul 02
MD, CEO & Director recently bought AU$105k worth of stock On the 27th of June, Daniel Crowley bought around 191k shares on-market at roughly AU$0.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$206k. Daniel has been a buyer over the last 12 months, purchasing a net total of AU$438k worth in shares. Recent Insider Transactions • Jun 13
MD, CEO & Director recently bought AU$115k worth of stock On the 4th of June, Daniel Crowley bought around 191k shares on-market at roughly AU$0.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$206k. Daniel has been a buyer over the last 12 months, purchasing a net total of AU$333k worth in shares. Recent Insider Transactions • May 29
MD, CEO & Director recently bought AU$206k worth of stock On the 23rd of May, Daniel Crowley bought around 375k shares on-market at roughly AU$0.55 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. Annuncio • Oct 05
AVADA Group Limited, Annual General Meeting, Nov 22, 2023 AVADA Group Limited, Annual General Meeting, Nov 22, 2023, at 10:01 E. Australia Standard Time. New Risk • Sep 13
New major risk - Revenue and earnings growth Earnings have declined by 49% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 49% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$50.5m market cap, or US$32.4m). Board Change • Sep 06
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Dan Crowley is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.077 loss per share (vs AU$0.26 loss in FY 2022) Full year 2023 results: AU$0.077 loss per share (improved from AU$0.26 loss in FY 2022). Revenue: AU$177.0m (up 143% from FY 2022). Net loss: AU$5.63m (loss narrowed 55% from FY 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Australia. New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$4.7m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$54.2m market cap, or US$35.1m). New Risk • Aug 30
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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$4.7m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$52.8m market cap, or US$34.2m). Annuncio • Aug 25
AVADA Group Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million. AVADA Group Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,454,667
Price\Range: AUD 0.6
Discount Per Security: AUD 0.036
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,212,000
Price\Range: AUD 0.6
Discount Per Security: AUD 0.036
Transaction Features: Subsequent Direct Listing Annuncio • Aug 24
AVADA Group Limited entered in a binding agreement to acquire Sta Traffic Management Pty Ltd fir AUD 8.5 million. AVADA Group Limited entered in a binding agreement to acquire Sta Traffic Management Pty Ltd fir AUD 8.5 million on August 24, 2023. Jean Paul Cellier will continue to manage the business after the transaction. The transaction is expected to be completed on or around 30 September 2023. Annuncio • Jul 25
AVADA Group Limited Appoints Neil Scales as Non-Executive Director AVADA Group Limited announced that Neil Scales will join the Board as a Non-Executive Director, effective 25 July 2023. Neil has more than 40 years' transport industry experience in Australia and the United Kingdom, having recently completed more than 10 years as Director General of the Queensland Department of Transport and Main Roads. Neil led the successful delivery of a number of major transport infrastructure projects including the Toowoomba Bypass and Gold Coast Light Rail. He also led the transport taskforce for the 2018 Commonwealth Games and responses to several natural disasters and the COVID-19 pandemic. Neil is an Adjunct Professor at Queensland University of Technology and was awarded the John Shaw Medal, the highest accolade in the Australian road transport industry. He has contributed to five national transport boards and was recently Australia's first delegate to the World Road Association. Neil is currently deputy Chair of the Australian Road Research Board and holds directorships of the High Speed Rail Authority, the Tourism and Transport Forum, Police Citizens Youth Clubs (PCYC) and the Queensland Transport and Logistics Council. Prior to 2012, Neil worked as one of the UK's most senior public transport executives and was awarded Officer of the Most Excellent Order of the British Empire (OBE) for services to public transport. Board Change • Jun 24
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. Non-Executive Director Courtney Black was the last director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 19
AVADA Group Limited Announces Appointment of Courtney Black as Non-Executive Director AVADA Group Limited announced that Courtney Black will join the Board as a Non-Executive Director, effective 19 June 2023. Ms. Black has previously worked as CEO of Virgin Airlines’ Velocity Frequent Flyer and Chief Marketing and Loyalty Officer of Virgin Australia, Managing Director and CEO of Shine Lawyers, and Chief of Strategy and Corporate Services for Queensland Rail. Courtney is a seasoned leader with a successful history in strategic, commercial and operational roles across a number of industries, with specialist expertise in customer experience, strategy, transformation and change management. Courtney is an experienced commercial lawyer and Graduate of the Australian Institute of Company Directors, and has been a director on public, private and not-for-profit boards. Ms. Black’s extensive experience and knowledge has been built over a career spanning 25 years. Annuncio • Jun 15
AVADA Group Limited Announces Robert Cazzolli Will Resign from the Board as Executive Director AVADA Group Limited announced that Robert Cazzolli will resign from the Board as Executive Director, effective June 15, 2023. Mr. Cazzolli has made the decision to step down so he can spend more time with his family. Mr. Cazzolli built the D&D Group over 25 years into a successful traffic management business, which became one of the original businesses to be part of AVADA Group at the time of its ASX listing. Price Target Changed • Jan 12
Price target decreased to AU$1.29 Down from AU$1.40, the current price target is provided by 1 analyst. New target price is 52% above last closing price of AU$0.85. Stock is down 7.6% over the past year. The company is forecast to post earnings per share of AU$0.06 next year compared to a net loss per share of AU$0.26 last year. Board Change • Jan 12
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. Non-Executive Chairman Lance Hockridge was the last 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 • Dec 12
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. Non-Executive Chairman Lance Hockridge was the last 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 16
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. Non-Executive Chairman Lance Hockridge was the last 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 • Sep 30
AVADA Group Limited, Annual General Meeting, Nov 14, 2022 AVADA Group Limited, Annual General Meeting, Nov 14, 2022, at 11:00 E. Australia Standard Time. Location: McCullough Robertson Lawyers, Level 11, 66 Eagle Street Brisbane Queensland Australia Reported Earnings • Sep 02
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: AU$76.1m (down 35% from FY 2021). Net loss: AU$18.6m (down AU$21.2m from profit in FY 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 131%, compared to a 5.2% growth forecast for the Commercial Services industry in Australia. Annuncio • Aug 28
AVADA Group Limited (ASX:AVD) acquired business and assets of Construct Traffic Pty Ltd from Construct Traffic Pty Ltd for AUD 23.5 million. AVADA Group Limited (ASX:AVD) signed a binding agreement to acquire business and assets of Construct Traffic Pty Ltd from Construct Traffic Pty Ltd for AUD 23.5 million on June 20, 2022. The acquisition of Construct Traffic is also subject to termination provisions in favour of the Company, which apply where the business is subject to a material adverse change of an amount equal to or greater than 10% of the purchase price. The upfront cash consideration of AUD 17.6m (on a cash and debt free basis) will be debt funded along with an extension of the net working capital facility to support the increased operating cash requirements of the enlarged Group. The Company has also agreed to make a one-off payment of AUD 0.4895 million for vehicles purchased prior to completion and which will be payable at completion in addition to the upfront cash consideration. An earnout arrangement is in place for a period of 12 months post acquisition. The earnout is capped at an mount of AUD 5.42 million and the minimum earnout threshold (before which the earnout is paid) s a 12-month EBITDA target of AUD 4,9 million (‘Threshold EBITDA’). Where the Threshold EBITDA, is xceeded, the earnout amount will be paid at a multiple of x4.25 for every dollar up to the Earnout Cap. As a further condition to the Acquisition the founders, Laresa Jo Bassi and Ronnie Bassi, will remain as employees for 1-year post acquisition to ensure a smooth transition and integration. The Chief Executive Office Michael Bergonzo, has 9 years’ experience with Construct Traffic including 12 months as Chief Executive Office and will also as a condition to the Acquisition remain as Chief Executive Officer of Construct Traffic post acquisition. This completion is authorized by the Board of Directors of AVADA Group Limited. Completion is conditional upon the novation of key contracts and the company obtaining suitable Victorian operating licenses. The Board considers these conditions to be of a procedural nature with completion being targeted for 31 July 2022.
AVADA Group Limited (ASX:AVD) completed the acquisition of business and assets of Construct Traffic Pty Ltd from Construct Traffic Pty Ltd on August 26, 2022. Annuncio • Aug 24
AVADA Group Limited to Report Fiscal Year 2022 Results on Aug 31, 2022 AVADA Group Limited announced that they will report fiscal year 2022 results on Aug 31, 2022 Board Change • Aug 03
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jun 22
AVADA Group Limited (ASX:AVD) singed a binding agreement to acquire business and assets of Construct Traffic Pty Ltd from Construct Traffic Pty Ltd for AUD 23.5 Million. AVADA Group Limited (ASX:AVD) singed a binding agreement to acquire business and assets of Construct Traffic Pty Ltd from Construct Traffic Pty Ltd for AUD 23.5 million on June 20, 2022. The acquisition of Construct Traffic is also subject to termination provisions in favour of the Company, which apply where the business is subject to a material adverse change of an amount equal to or greater than 10% of the purchase price. The upfront cash consideration of AUD 17.6m (on a cash and debt free basis) will be debt funded along with an extension of the net working capital facility to support the increased operating cash requirements of the enlarged Group. The Company has also agreed to make a one-off payment of AUD 0.4895 million for vehicles purchased prior to completion and which will be payable at completion in addition to the upfront cash consideration. An earnout arrangement is in place for a period of 12 months post acquisition. The earnout is capped at an mount of AUD 5.42 million and the minimum earnout threshold (before which the earnout is paid) s a 12-month EBITDA target of AUD 4,9 million (‘Threshold EBITDA’). Where the Threshold EBITDA, is xceeded, the earnout amount will be paid at a multiple of x4.25 for every dollar up to the Earnout Cap. As a further condition to the Acquisition the founders, Laresa Jo Bassi and Ronnie Bassi, will remain as employees for 1-year post acquisition to ensure a smooth transition and integration. The Chief Executive Office Michael Bergonzo, has 9 years’ experience with Construct Traffic including 12 months as Chief Executive Office and will also as a condition to the Acquisition remain as Chief Executive Officer of Construct Traffic post acquisition. Completion is conditional upon the novation of key contracts and the company obtaining suitable Victorian operating licenses. The Board considers these conditions to be of a procedural nature with completion being targeted for 31 July 2022. Major Estimate Revision • Jun 22
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$146.6m to AU$138.5m. EPS estimate also fell from AU$0.07 per share to AU$0.04 per share. Net income forecast to grow 86% next year vs 35% growth forecast for Commercial Services industry in Australia. Consensus price target down from AU$1.52 to AU$1.40. Share price rose 12% to AU$0.82 over the past week. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Dec 17
AVADA Group Limited has completed an IPO in the amount of AUD 32.542609 million. AVADA Group Limited has completed an IPO in the amount of AUD 32.542609 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 1
Discount Per Security: AUD 0.0425
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,542,609
Price\Range: AUD 1