Announcement • Feb 09
StepChange Holdings Limited to Report First Half, 2026 Final Results on Feb 26, 2026 StepChange Holdings Limited announced that they will report first half, 2026 final results on Feb 26, 2026 New Risk • Jan 29
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 Revenue is less than US$1m. Minor Risks Negative equity (-AU$187k). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$20.8m market cap, or US$14.6m). Announcement • Jan 13
StepChange Holdings Limited (ASX:STH) completed the acquisition of BroadReach Group Pty Ltd. StepChange Holdings Limited (ASX:STH) entered into a binding agreement to acquire BroadReach Group Pty Ltd for AUD 4.3 million on December 10, 2025. The acquisition of BroadReach by StepChange involves an upfront consideration of AUD 2.5 million, which includes AUD 1.6 million in cash funded from StepChange's existing reserves and 5,992,011 StepChange shares valued at AUD 0.9 million. These shares are subject to a 12-month voluntary escrow period post-completion. Additionally, an earn-out consideration of up to AUD 1.8 million is contingent on BroadReach achieving specific EBITDA targets for financial year 2026 and financial year 2027. For financial year 2026, a maximum earn-out of AUD 0.9 million is payable if the EBITDA meets or exceeds AUD 1.05 million, with a proportional reduction for performance up to 10% below target, and no payment if the shortfall exceeds 10%. Similarly, for financial year 2027, a maximum of AUD 0.9 million is contingent on meeting or exceeding an EBITDA of AUD 1.1 million, with the same ratchet mechanism applied for underperformance.
For the period ending June 30, 2025, BroadReach Group Pty Ltd reported total revenue of AUD 8.96 million and EBITDA of AUD 0.86 million.
The share purchase agreement is subject to customary warranties, indemnities and conditions precedent for completion.
StepChange Holdings Limited (ASX:STH) completed the acquisition of BroadReach Group Pty Ltd on January 12, 2026. 
