New Risk • Jun 05
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 15% 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 Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.3m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$21.2m market cap, or US$15.1m). Reported Earnings • Feb 25
First half 2026 earnings released: AU$0.013 loss per share (vs AU$0.012 loss in 1H 2025) First half 2026 results: AU$0.013 loss per share (further deteriorated from AU$0.012 loss in 1H 2025). Revenue: AU$5.17m (up 29% from 1H 2025). Net loss: AU$3.31m (loss widened 35% from 1H 2025). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 15
Felix Group Holdings Ltd Announces Board Changes, Effective February 2, 2026 Felix Group Holdings Ltd. announced that Non-Executive Director and Chairman, Mr. Michael Bushby, will resign from the Board of Directors, effective February 2, 2026, and Mr. Dominic O’Hanlon will be appointed as Non-Executive Director and Chairman on the same date. Mr. Bushby has served as Non-Executive Director and Chairman since November 2020. Mr. O’Hanlon brings 30 years of experience across high growth technology companies, listed company governance, multinational organisations, strategy and go-to-market execution. This experience includes CEO and Managing Director of Rhipe (ASX:RHP), which was acquired by Crayon for $408m in 2021, Chief Strategy Officer of MYOB, which was acquired by Bain Capital for $1.2b in 2011, and senior leadership roles at Oracle. Mr. O’Hanlon is currently a Non-Executive Director of Adisyn (ASX:AI1), Pentanet (ASX:5GG) and Non-Executive Chairperson of oneclickswitch.com.au. 
