Announcement • Feb 13
Fatfish Group Limited, Annual General Meeting, Mar 19, 2026 Fatfish Group Limited, Annual General Meeting, Mar 19, 2026. Location: at the offices of hamilton locke, level 10, 161 collins street, melbourne vic 3000., melbourne Australia Announcement • Jun 25
Swemar Ab entered into a non-binding Letter of Intent to acquire RightBridge Ventures Group AB (publ) (OM:RIGHTB) in a reverse merger transaction. Swemar Ab entered into a non-binding Letter of Intent to acquire RightBridge Ventures Group AB (publ) (OM:RIGHTB) in a reverse merger transaction on June 25, 2025. The purchase price is intended to be paid with a combination of 85,714.285714 newly issued shares in RBV and the remaining 16 % through seller credit. The transaction is based on a structure where the current owners of Swemar, upon completion, will hold 98,67 percent of the shares in RBV. All existing shareholders in RBV will be given 10 options for each share they hold the day after completion of the transaction. Details regarding the transaction, including the warrant structure, will be determined with regards of the EGM. Completion of the transaction is subject to satisfactory due diligence the approval of final documentation, and the upcoming EGM. Reported Earnings • Mar 01
Full year 2024 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2023) Full year 2024 results: AU$0.002 loss per share (in line with FY 2023). Revenue: AU$1.88m (up 44% from FY 2023). Net loss: AU$2.80m (loss widened 12% from FY 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Dec 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.5m (US$9.67m) 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 Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Revenue is less than US$1m (AU$1.3m revenue, or US$812k). Market cap is less than US$10m (AU$15.5m market cap, or US$9.67m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Announcement • Nov 30
Fatfish Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Fatfish Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 23
Fatfish Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Fatfish Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 4.1% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Revenue is less than US$1m (AU$1.3m revenue, or US$879k). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$15.5m market cap, or US$10.5m). New Risk • Aug 20
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 19% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (AU$1.3m revenue, or US$878k). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$16.9m market cap, or US$11.4m). Announcement • May 03
Fatfish Group Limited, Annual General Meeting, May 30, 2024 Fatfish Group Limited, Annual General Meeting, May 30, 2024, at 12:00 E. Australia Standard Time. Location: Level 4, 91 William Street, Melbourne Victoria Australia Agenda: To consider adoption of remuneration report; to consider re-election of director Mr. Jeffrey Hua Yuentan; to consider approval of 10 % placement capacity; to consider issue of options to related party- Mr. Andrew Bruce; and to consider other matters. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.014 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.014 loss in FY 2022). Revenue: AU$1.15m (down 36% from FY 2022). Net loss: AU$2.91m (loss narrowed 81% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • Dec 23
Fatfish Group Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million. Fatfish Group Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 216,666,666
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Nov 28
Non-Executive Chairman recently bought AU$110k worth of stock On the 23rd of November, Nyap Gan bought around 10m shares on-market at roughly AU$0.011 per share. This transaction amounted to 7.0% 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 Nyap's only on-market trade for the last 12 months. Reported Earnings • Sep 05
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.009 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.009 loss in 1H 2022). Revenue: AU$418.1k (down 44% from 1H 2022). Net loss: AU$625.4k (loss narrowed 93% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Aug 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.96m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Market cap is less than US$10m (AU$15.2m market cap, or US$9.96m). Minor Risks Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). New Risk • Jul 18
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 17% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$20.7m market cap, or US$14.1m). New Risk • Jun 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.1m (US$9.46m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Earnings have declined by 5.6% per year over the past 5 years. Market cap is less than US$10m (AU$14.1m market cap, or US$9.46m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Reported Earnings • Mar 03
Full year 2022 earnings released: AU$0.012 loss per share (vs AU$0.009 loss in FY 2021) Full year 2022 results: AU$0.012 loss per share (further deteriorated from AU$0.009 loss in FY 2021). Revenue: AU$3.36m (up AU$2.87m from FY 2021). Net loss: AU$12.7m (loss widened 41% from FY 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 14
Fatfish Group Ltd.'s Announces the Appointment of Andrew Bruce as Non-Executive Director Fatfish Group Ltd.'s announced the appointment of Mr. Andrew Bruce as a non-executive director, effective 12 January 2023. With over 30 years of experience, Mr. Bruce helped pioneer the growth of the Australian and Asian technology and asset finance sectors. An early innovator in the market, Mr. Bruce has a wealth of knowledge within telecommunications, cards, and asset-backed consumer and small business finance. In Hong Kong, Mr. Bruce worked at the forefront of the dot-com era, backing one of the early independent VOIP, bandwidth and data suppliers, as well as a technology backbone company involved in settling data exchange services. He was also a foundingmember of the HK- China Telecoms association. Mr. Bruce has acted as an advisor on IPOs, asset-backed financings, and Debt Capital Markets issues in China, Australia, London, the UAE, & Singapore. He has led investmentand advisory transactions in e-commerce, edtech, consumer finance, and telecom infrastructure, alongside a multitude of other major projects across the resources, green energy, real estate, and mortgage sectors. Mr. Bruce began his career at Mobil Oil working on M&A opportunities and with its Aramco JV. He has held subsequent roles as Director of Societe Generale Asia, and then Managing Director of Macquarie Group in Hong Kong. Following this, Mr. Bruce was the co-head of DB Zwirn and Company Asia, the former USD 12 billion fund focused on small and mid-sized alternative investments. Prior to this, he co-founded boutique Chinese family office Chinaway Investments, with afocus on real estate and emerging technology companies. Mr. Bruce is currently an Investment Director of a private Singaporean investment advisory firm Caledonian Advisory Services, providing investment advice to institutional clients in America, UAE, Singapore, and Australia. A seasoned Board member for both investee companies and in an independent capacity, Mr. Bruce's qualifications include a BSc and an MBA. Mr. Bruce is also a Trustee and Board Member of medical charity Operation Smile, and is the Chair of its Finance and Admin committee. Board Change • Nov 16
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. No experienced directors. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Donald Low was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 02
First half 2022 earnings released: AU$0.009 loss per share (vs AU$0.008 loss in 1H 2021) First half 2022 results: AU$0.009 loss per share (down from AU$0.008 loss in 1H 2021). Net loss: AU$9.25m (loss widened 15% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 01
Fatfish Group Limited (ASX:FFG) acquired 87.4% stake in Jazzypay Global Pte Ltd for SGD 0.422 million. Fatfish Group Limited (ASX:FFG) acquired 87.4% stake in Jazzypay Global Pte Ltd for SGD 0.42 million on April 24, 2022. The total acquisition price which was wholly settled by the issuance of 12,686 fully paid ordinary shares in the
Fatfish Group 's subsidiary, Asean Fintech Group Limited.
Fatfish Group Limited (ASX:FFG) completed the acquisition of 87.4% stake in Jazzypay Global Pte Ltd on April 24, 2022. Announcement • May 02
Fatfish Group Limited, Annual General Meeting, May 31, 2022 Fatfish Group Limited, Annual General Meeting, May 31, 2022, at 16:30 E. Australia Standard Time. Agenda: To consider adoption of remuneration report; to re-election of director mr. kin wai lau; re-election of director mr. donald han low; to approval of 10% placement capacity; to ratification of issue of convertible notes and issue of maximum underlying shares; to resolution 6 ratification of issue of establishment fee shares; and to discuss other matters. 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. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Donald Low was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: AU$0.008 loss per share (down from AU$0.003 profit in FY 2020). Net loss: AU$8.57m (down 496% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 57% per year whereas the company’s share price has increased by 53% per year. Reported Earnings • Sep 06
First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.005 loss in 1H 2020) First half 2021 results: Net loss: AU$8.02m (loss widened 94% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Aug 26
Fatfish Group Limited announced that it has received AUD 8 million in funding from Arena Investors, LP On August 26, 2021, Fatfish Group Limited closed the transaction. Announcement • Aug 19
Fatfish Group Limited announced that it expects to receive AUD 8 million in funding from Arena Investors, LP Fatfish Blockchain Limited announced that it has entered into agreement on commercially reasonable efforts basis to issue convertible notes for gross proceeds of AUD 8,000,000 on August 19, 2021. The transaction will include participation from returning investor Arena Investors, LP. The notes are convertible into 17,142,857 new shares. The notes will be drawn down in single tranche. The notes will mature on 12 months from the issue date being August 25, 2021. The notes will have a fixed coupon rate of 1% per annum payable semi annually on June 30 and December 31 in each year as well on the maturity date. The conversion price of the notes will be AUD 0.07 per share at investor's option. The notes are redeemable in nature. The closing is expected to close on August 25, 2021 or any mutually agreed upon date. The investor will get a board seat in the company. Announcement • Jun 12
Fatfish Group Limited (ASX:FFG) entered into an agreement to acquire BNPL Next Limited from Lim Kah Wui, Wee Ho Beng Brian, Kensuke Tsurumaru, Boh Yimin, Tania Margaret, Adrian Maxwell Bunter, Leon Lee, Chern Su, Andrew Joseph Bond, Zoran Grujic, Patrick K Wong, Maria Rachelle Regala Gaa, Roanne Lau, International Resources Ltd, Gracejoy Liquids Ltd, Lim Quee & Sons Bhd and Alto Partners for AUD 4.1 million. Fatfish Group Limited (ASX:FFG) entered into an agreement to acquire BNPL Next Limited from Lim Kah Wui, Wee Ho Beng Brian, Kensuke Tsurumaru, Boh Yimin, Tania Margaret, Adrian Maxwell Bunter, Leon Lee, Chern Su, Andrew Joseph Bond, Zoran Grujic, Patrick K Wong, Maria Rachelle Regala Gaa, Roanne Lau, International Resources Ltd, Gracejoy Liquids Ltd, Lim Quee & Sons Bhd and Alto Partners for AUD 4.1 million on June 11, 2021. The purchase consideration will be satisfied via the issuance of new Fatfish Group Limited shares at an issue price that is equivalent to the 5-days volume weighted average price (“VWAP”) of Fatfish Group Limited shares. 75% of the total consideration shares that will be issued to shareholders of BNPL Next Ltd will be subject to a 12-month and 18-month voluntary escrow. The remaining portion of the consideration shares (being 25% of the total consideration shares) will not be subject to any escrow. The transaction is subject to shareholder approval of Fatfish Group Limited. The transaction is expected to close on July 30, 2021. Announcement • May 18
Fatfish Group Limited (ASX:FFG) completed the acquisition of 55% stake in Pay Direct Technology Sdn Bhd. Fatfish Group Limited (ASX:FFG) signed an agreement to acquire 55% stake in Pay Direct Technology Sdn Bhd for MYR 1.5 million on April 26, 2021. The transaction will be funded by existing working capital of FFG. The transaction is expected to complete over the next 3 months.
Fatfish Group Limited (ASX:FFG) completed the acquisition of 55% stake in Pay Direct Technology Sdn Bhd on May 17, 2021. Announcement • Apr 26
Fatfish Group Limited (ASX:FFG) signed an agreement to acquire 55% stake in Pay Direct Technology Sdn Bhd for MYR 1.5 million. Fatfish Group Limited (ASX:FFG) signed an agreement to acquire 55% stake in Pay Direct Technology Sdn Bhd for MYR 1.5 million on April 26, 2021. The transaction will be funded by existing working capital of FFG. The transaction is expected to complete over the next 3 months. Recent Insider Transactions • Apr 17
Non-Executive Chairman recently bought AU$170k worth of stock On the 14th of April, Nyap Gan bought around 1m shares on-market at roughly AU$0.12 per share. This was the largest purchase by an insider in the last 3 months. This was Nyap's only on-market trade for the last 12 months. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS AU$0.003 (vs AU$0.017 loss in FY 2019) Full year 2020 results: Net income: AU$2.14m (up AU$14.0m from FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 19
Fatfish Group Limited, Annual General Meeting, Mar 23, 2021 Fatfish Group Limited, Annual General Meeting, Mar 23, 2021, at 15:30 E. Australia Standard Time. Location: 91 William Street Melbourne Victoria Australia Agenda: To ratify prior issue of placement shares; to ratify prior issue of consideration shares; to approve issue of placement options; to approve issue of broker options; to approve issue performance rights to related party under the plan - Mr. Kin Wai Lau, Dato' Larry Nyap Liou Gan; and to consider other matters. Announcement • Dec 11
Fatfish Group Limited (ASX:FFG) completed the acquisition of 19.9% in Smartfunding from non-related shareholder of Smartfunding, Investorlend Singapore Pte. Ltd. Fatfish Group Limited (ASX:FFG) entered into a binding term sheet to acquire 19.9% in Smartfunding from non-related shareholder of Smartfunding, Investorlend Singapore Pte. Ltd for SGD 0.52 million.on November 25, 2020. The Purchase Consideration will be satisfied via the issuance of 11.6 million new FFG shares at an issue price of SGD 0.05 per share, which is at the 5-days Volume Weighted Average Price of FFG as of the close of business on November 20, 2020. Another remaining shareholder of Smartfunding, Shariffudin bin Mohamed Raffi, has also given FFG a 6-month option to further purchase an additional 10.1% stake directly in Smartfunding at SGD 0.25 payable in FFG’s ordinary shares based on a deemed price of the 5 day VWAP at completion and minimum floor price of SGD 0.03 per share. Should the company choose to exercise the option, completion of the Company’s acquisition of the additional 10.1% is subject to approvals of FFG shareholders and Singapore central bank MAS.
Fatfish Group Limited (ASX:FFG) completed the acquisition of 19.9% in Smartfunding from non-related shareholder of Smartfunding, Investorlend Singapore Pte. Ltd on December 10, 2020. 
