Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Paul Tresidder was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
BlackWall Limited (ASX:BWF) announces an Equity Buyback. BlackWall Limited (ASX:BWF) announces a share repurchase program. Under the offer, the company will repurchase from the shareholders who hold less than AUD 500 worth of shares. The shares will be repurchased at AUD 0.163 per share. The repurchased shares will be cancelled. The record date for the offer is March 31, 2026. The offer will be valid till May 20, 2026. Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Paul Tresidder was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 02
BlackWall Limited, Annual General Meeting, Nov 14, 2025 BlackWall Limited, Annual General Meeting, Nov 14, 2025. Location: wotso cremorne, 237 military road, cremorne nsw 2090, and, Australia Recent Insider Transactions • Aug 30
Insider recently sold AU$81k worth of stock On the 25th of August, Robin Tedder sold around 202k shares on-market at roughly AU$0.40 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$77k more than they bought in the last 12 months. Declared Dividend • Aug 29
Final dividend of AU$0.005 announced Shareholders will receive a dividend of AU$0.005. Ex-date: 8th September 2025 Payment date: 7th October 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 28
Full year 2025 earnings released: AU$0.079 loss per share (vs AU$0.006 loss in FY 2024) Full year 2025 results: AU$0.079 loss per share (further deteriorated from AU$0.006 loss in FY 2024). Net loss: AU$13.3m (loss widened AU$12.6m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Board Change • Aug 18
No independent directors 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. 1 highly experienced director. No independent directors (3 non-independent directors). Founder, CFO & Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 02
BlackWall Limited (ASX:BWF) announces an Equity Buyback. BlackWall Limited (ASX:BWF) announces a share repurchase program. Under the offer, the company will repurchase from the shareholders who hold less than AUD 500 worth of shares. The shares will be repurchased at AUD 0.355 per share. The repurchased shares will be cancelled. The record date for the offer is March 26, 2025. The offer will be valid till May 12, 2025. Board Change • Feb 04
No independent directors 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. 1 highly experienced director. No independent directors (3 non-independent directors). Founder, CFO & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 24
No independent directors 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. 1 highly experienced director. No independent directors (3 non-independent directors). Founder, CFO & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 30
BlackWall Limited, Annual General Meeting, Nov 01, 2024 BlackWall Limited, Annual General Meeting, Nov 01, 2024. Location: at the boardroom, level 1, 50 yeo street, neutral bay nsw, Australia Buy Or Sell Opportunity • Sep 23
Now 29% undervalued Over the last 90 days, the stock has risen 26% to AU$0.49. The fair value is estimated to be AU$0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making. Board Change • Sep 03
No independent directors 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. 1 highly experienced director. No independent directors (3 non-independent directors). Founder, CFO & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Aug 17
Blackwall Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended October 11, 2024, Payable on October 11, 2024 BlackWall Limited announced ordinary fully franked dividend of AUD 0.02500000 per security for the six months ended Ex-date is 20 September 2024. Record date is 23 September 2024. Payment date is October 11, 2024. Reported Earnings • Aug 17
Full year 2024 earnings released: AU$0.006 loss per share (vs AU$0.015 loss in FY 2023) Full year 2024 results: AU$0.006 loss per share (improved from AU$0.015 loss in FY 2023). Net loss: AU$710.0k (loss narrowed 29% from FY 2023). Declared Dividend • Aug 17
Final dividend of AU$0.025 announced Shareholders will receive a dividend of AU$0.025. Ex-date: 20th September 2024 Payment date: 11th October 2024 Dividend yield will be 11%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (483% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 31% to shift the payout ratio to a potentially unsustainable range, which is more than the 23% EPS decline seen over the last 5 years. Board Change • Mar 08
No independent directors 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. 1 highly experienced director. No independent directors (3 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 15
First half 2024 earnings released: EPS: AU$0.11 (vs AU$0.028 in 1H 2023) First half 2024 results: EPS: AU$0.11 (up from AU$0.028 in 1H 2023). Revenue: AU$3.83m (up 7.9% from 1H 2023). Net income: AU$8.82m (up 373% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Feb 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 30
BlackWall Limited, Annual General Meeting, Nov 30, 2023 BlackWall Limited, Annual General Meeting, Nov 30, 2023, at 11:15 AUS Eastern Standard Time. Location: Boardroom,Level1,50YeoStreet,NeutralBayNSW New South Wales Australia Agenda: To receive and consider the Financial Report, Directors' Report and Auditor's Report for the financial year ended 30 June 2023; to consider the Adoption of Remuneration Report; to consider the Re-election of Robin Tedder; to consider the Approval of Additional 10% Placement Capacity; and to consider other matters. Board Change • Oct 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 07
Upcoming dividend of AU$0.025 per share at 8.6% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 30 November 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 8.6%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (4.4%). Board Change • Sep 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.015 loss per share (vs AU$0.025 profit in FY 2022) Full year 2023 results: AU$0.015 loss per share (down from AU$0.025 profit in FY 2022). Revenue: AU$6.91m (up 8.7% from FY 2022). Net loss: AU$1.01m (down 161% from profit in FY 2022). Announcement • Aug 25
BlackWall Limited (ASX:BWF) made an offer to acquire Pelorus Private Equity Limited from Lymkeesh Pty. Ltd., Seno Management Pty. Ltd. and others. BlackWall Limited (ASX:BWF) made an offer to acquire Pelorus Private Equity Limited from Lymkeesh Pty. Ltd., Seno Management Pty. Ltd. and others on August 24, 2023. BWF obtaining a relevant interest in at least 80% of Pelorus Shares, BWF shareholder approval of the acquisition of Pelorus Shares and issue of new BWF shares contemplated by the Takeover Bid, No regulatory action and The securityholdersof WOTSO Property(ASX:WOT) approving the acquisition of relevant interests inWOT securities as a resultof the Takeover Bid. Expected offerclose date is October 27, 2023. Board Change • Aug 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 22
First half 2023 earnings released: EPS: AU$0.028 (vs AU$0.02 in 1H 2022) First half 2023 results: EPS: AU$0.028 (up from AU$0.02 in 1H 2022). Revenue: AU$3.51m (up 18% from 1H 2022). Net income: AU$1.87m (up 48% from 1H 2022). Profit margin: 53% (up from 42% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Dec 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.02 (up from AU$0.016 in 1H 2021). Revenue: AU$3.55m (up 24% from 1H 2021). Net income: AU$1.26m (up 23% from 1H 2021). Profit margin: 36% (in line with 1H 2021). Revenue missed analyst estimates by 30%. Buying Opportunity • Feb 11
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$1.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. Earnings per share has declined by 21% per annum over the last 3 years. Board Change • Jan 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
