Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.016 loss per share (vs AU$0.019 loss in FY 2024) Full year 2025 results: AU$0.016 loss per share (improved from AU$0.019 loss in FY 2024). Revenue: AU$8.91m (down 68% from FY 2024). Net loss: AU$6.70m (loss narrowed 7.2% from FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jul 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.6m net loss next year). Market cap is less than US$100m (AU$52.8m market cap, or US$34.4m). Announcement • Jul 22
Rover Group, Inc. entered into a Scheme Implementation Deed to acquire Mad Paws Holdings Limited (ASX:MPA) from Bombora Special Investments Growth Fund managed by Bombora Investment Management Pty Ltd and others for AUD 58.1 million. Rover Group, Inc. entered into a Scheme Implementation Deed to acquire Mad Paws Holdings Limited (ASX:MPA) from Bombora Special Investments Growth Fund managed by Bombora Investment Management Pty Ltd and others for AUD 58.1 million on July 22, 2025. A cash consideration of AUD 56.87 million valued at AUD 0.14 per share will be paid by Rover Group, Inc. As part of consideration, AUD 56.87 million is paid towards common equity and AUD 1.23 million is paid towards options of Mad Paws Holdings Limited. In case of termination of transaction, Rover Group, Inc. will pay a termination fee of AUD 1.23 million and Bombora Special Investments Growth Fund and Bombora Investment Management Pty Ltd will pay a termination fee of AUD 1.23 million.
The transaction is subject to completion of the divestment of Mad Paws’ Pet Chemist business and closure or deregistration of the residual e-commerce businesses operated under the Sash and Waggly brands, as well as Australian Foreign Investment Review Board approval and other customary conditions, including Mad Paws shareholder and Australian court approvals. The deal has been unanimously approved by the board of Mad Paws Holdings Limited.
Highbury Partnership Pty Limited acted as financial advisor for Mad Paws Holdings Limited. Talbot Sayer Lawyers acted as legal advisor for Mad Paws Holdings Limited. Talbot Sayer and Amelia Morgan of Herbert Smith Freehills Kramer acted as legal advisor for Rover Group, Inc. Announcement • Apr 28
Mad Paws Holdings Limited to Report Q3, 2025 Results on Apr 30, 2025 Mad Paws Holdings Limited announced that they will report Q3, 2025 results on Apr 30, 2025 Announcement • Jan 23
Mad Paws Holdings Limited to Report Q2, 2025 Results on Jan 30, 2025 Mad Paws Holdings Limited announced that they will report Q2, 2025 results on Jan 30, 2025 Announcement • Nov 27
Mad Paws Holdings Limited Announces Change of Company Secretary Mad Paws Holdings Limited announced that Ms. Maria Clemente of Automic Group will be appointed as Company Secretary, effective immediately. For the purposes of ASX Listing Rule 12.6, Ms. Clemente will be the primary person responsible for communications with ASX in relation to Listing Rule matters. Ms. Belinda Cleminson has notified the Board of her resignation as Company Secretary, effective immediately. Ms. Cleminson will step down as Company Secretary following her resignation from Automic Group, the Company's corporate secretarial service provider. Announcement • Sep 24
Mad Paws Holdings Limited, Annual General Meeting, Oct 23, 2024 Mad Paws Holdings Limited, Annual General Meeting, Oct 23, 2024. Location: at automic group, level 5, 126 phillip street, sydney nsw 2000 Australia Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.019 loss per share (vs AU$0.023 loss in FY 2023) Full year 2024 results: AU$0.019 loss per share (improved from AU$0.023 loss in FY 2023). Revenue: AU$27.9m (up 13% from FY 2023). Net loss: AU$7.22m (loss narrowed 3.5% from FY 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Earnings have declined by 10% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$30.1m market cap, or US$20.5m). Announcement • Jul 23
Mad Paws Holdings Limited to Report Q4, 2024 Results on Jul 25, 2024 Mad Paws Holdings Limited announced that they will report Q4, 2024 results on Jul 25, 2024 Announcement • Oct 18
Mad Paws Holdings Limited to Report Q1, 2024 Results on Oct 26, 2023 Mad Paws Holdings Limited announced that they will report Q1, 2024 results on Oct 26, 2023 Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.023 loss per share (vs AU$0.042 loss in FY 2022) Full year 2023 results: AU$0.023 loss per share (improved from AU$0.042 loss in FY 2022). Revenue: AU$25.2m (up 157% from FY 2022). Net loss: AU$7.48m (loss narrowed 28% from FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Services industry in Australia. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 29% 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 29% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$6.0m). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (AU$33.1m market cap, or US$21.4m). Announcement • Aug 29
Mad Paws Holdings Limited, Annual General Meeting, Nov 15, 2023 Mad Paws Holdings Limited, Annual General Meeting, Nov 15, 2023, at 14:00 AUS Eastern Standard Time. Location: Level 5, 126-130 Phillip Street Sydney New South Wales Australia New Risk • Aug 26
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$6.0m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (AU$33.4m market cap, or US$21.4m). Announcement • Aug 24
Mad Paws Holdings Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 Mad Paws Holdings Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 Announcement • Jul 21
Mad Paws Holdings Limited to Report Q4, 2023 Results on Jul 25, 2023 Mad Paws Holdings Limited announced that they will report Q4, 2023 results on Jul 25, 2023 New Risk • Jun 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$6.0m free cash flow). Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$35.2m market cap, or US$23.5m). Breakeven Date Change • Jun 27
Forecast breakeven date pushed back to 2025 The analyst covering Mad Paws Holdings previously expected the company to break even in 2024. New forecast suggests losses will reduce by 71% per year to 2024. The company is expected to make a profit of AU$1.10m in 2025. Average annual earnings growth of 98% is required to achieve expected profit on schedule. Reported Earnings • Feb 21
First half 2023 earnings released First half 2023 results: Revenue: AU$12.0k (down 100% from 1H 2022). Net loss: AU$3.9k (loss narrowed 100% from 1H 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Australia. Announcement • Feb 18
Mad Paws Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 3.003 million. Mad Paws Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 3.003 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,253,846
Price\Range: AUD 0.13
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,846,154
Price\Range: AUD 0.13
Transaction Features: Subsequent Direct Listing Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Josh May is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Mike Hill was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 17
Mad Paws Holdings Limited, Annual General Meeting, Nov 16, 2022 Mad Paws Holdings Limited, Annual General Meeting, Nov 16, 2022, at 10:00 AUS Eastern Standard Time. Location: Automic Group, Level 5, 126 Phillip Street Sydney NSW 2000 Sydney New South Wales Australia Agenda: To receive and to consider the annual financial report of the company for the financial year ended 30 June 2022; to consider the adoption of remuneration report. Reported Earnings • Aug 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: AU$0.042 loss per share (up from AU$0.084 loss in FY 2021). Revenue: AU$10.7m (up 274% from FY 2021). Net loss: AU$10.3m (loss narrowed 13% from FY 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 189%, compared to a 13% growth forecast for the Online Retail industry in Australia. Announcement • Jul 06
Mad Paws Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 0.109539 million. Mad Paws Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 0.109539 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 790,328
Price\Range: AUD 0.1386 Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Josh May is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Mike Hill was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 24
Mad Paws Holdings Limited (ASX:MPA) agreed to acquire Animal Magnetism Pty Ltd. Mad Paws Holdings Limited (ASX:MPA) agreed to acquire Animal Magnetism Pty Ltd for AUD 25 Million on February 23, 2022. Initial consideration of AUD 20 million upfront consideration, out of which AUD 14.5 million in Mad Paws shares and AUD 5.5 million cash payment and potential deferred consideration of up to AUD 5 million. Upfront cash consideration funded from a fully supported Placement together with a subsequent SPP to raise up to AUD 7.1 million. For the year ended 2021, Pet Chemist reported a Operating Revenue of AUD 5.4 Million. Announcement • Dec 09
Mad Paws Holdings Limited (ASX:MPA) acquired Sashbeds for AUD 0.28 million. Mad Paws Holdings Limited (ASX:MPA) acquired Sashbeds for AUD 0.28 million in beginning of the year.
Mad Paws Holdings Limited (ASX:MPA) completed the acquisition of Sashbeds in beginning of the year. Reported Earnings • Sep 26
Full year 2021 earnings released: AU$0.084 loss per share (vs AU$0.019 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$2.85m (up 43% from FY 2020). Net loss: AU$11.9m (loss widened 446% from FY 2020). Breakeven Date Change • Jul 01
Forecast to breakeven in 2024 The analyst covering Mad Paws Holdings expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$800.0k in 2024. Average annual earnings growth of 61% is required to achieve expected profit on schedule. Breakeven Date Change • Jun 18
Forecast to breakeven in 2024 The analyst covering Mad Paws Holdings expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$800.0k in 2024. Average annual earnings growth of 61% is required to achieve expected profit on schedule. Announcement • Jun 08
Mad Paws Holdings Limited (ASX:MPA) entered into a binding agreement to acquire Waggly Club for AUD 3.5 million. Mad Paws Holdings Limited (ASX:MPA) entered into a binding agreement to acquire Waggly Club for AUD 3.5 million on June 8, 2021. Under the terms of agreement, AUD 2 million will be paid in cash on completion, AUD 1 million in Mad Paws fully paid ordinary shares as deferred consideration to be issued on 28 June 2021. The Share Consideration will be issued at an issue price of AUD 0.25 per share and up to AUD 0.5 million will be payable in cash after completion subject to the Waggly Club business achieving agreed revenue-based performance hurdles during the period commencing on completion and ending on 31 December 2022. The Waggly Club acquisition is not subject to conditions and is expected to be completed today, 8 June 2021.