Income Statement NETLINKZ Australian S.E.

Stocks

NET

End-of-day quote Australian S.E.			5-day change	1st Jan Change
- ^AUD	-.--%		-.--%	-

27/02	ASX says SecureLink Networks will be removed from official list	RE
05/11	UOB Kay Hian Downgrades Netlinkz to Hold from Buy; Price Target is SG$1.01	MT

10aafe8a5f365.zLy-ODjlrYCsIPZ7mqrVzUYxdoUYxg8UUa6LDiE2BC4._e74U3at6MSbY4EJ0drj-CdaTuZIrUpWJd7Sb0BMS0OT1PN7SY7k9McQkQ

Published financial data: NETLINKZ

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Revenues	1.44Cr	1.57Cr	2.07Cr	1.95Cr	62.69L
Total Revenues	1.44Cr	1.57Cr	2.07Cr	1.95Cr	62.69L
Cost of Goods Sold, Total	-	-	1.65Cr	1.74Cr	28.51L
Gross Profit	1.44Cr	1.57Cr	41.58L	21.01L	34.18L
Selling General & Admin Expenses, Total	2.35Cr	1.93Cr	1.02Cr	1.05Cr	32.51L
Provision for Bad Debts	-	-	-	-	-
Stock-Based Compensation (IS)	25.71L	14.06L	18.44L	-	-
R&D Expenses	29.38L	18.71L	16.27L	16.81L	10L
Depreciation & Amortization - (IS)	-	-	9L	9L	6L
Other Operating Expenses	-6L	-3L	9L	27.64L	-7L
Other Operating Expenses, Total	2.85Cr	2.23Cr	1.55Cr	1.58Cr	41.21L
Operating Income	-1.41Cr	-65.95L	-1.13Cr	-1.37Cr	-7L
Interest Expense, Total	-21.07L	-3L	-6L	-11.55L	-54.25L
Interest And Investment Income	47.66T	21.32T	6.52T	790	45.93T
Net Interest Expenses	-20.59L	-3L	-6L	-11.54L	-53.8L
Currency Exchange Gains (Loss)	-56.02T	-54.74T	-	-	-
Other Non Operating Income (Expenses)	-79.69L	-744	-34.8T	-57.06L	-
EBT, Excl. Unusual Items	-2.42Cr	-69.76L	-1.19Cr	-2.06Cr	-60.82L
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	-	-	-8L
Other Unusual Items	4L	-14.3L	-	-	-
EBT, Incl. Unusual Items	-2.38Cr	-84.06L	-1.19Cr	-2.06Cr	-68.54L
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-2.38Cr	-84.06L	-1.19Cr	-2.06Cr	-68.54L
Earnings Of Discontinued Operations	-	-	-	-	-52.47L
Net Income to Company	-2.38Cr	-84.06L	-1.19Cr	-2.06Cr	-1.21Cr
Minority Interest	3L	-4.99T	61.24T	2L	-
Net Income - (IS)	-2.35Cr	-84.11L	-1.18Cr	-2.04Cr	-1.21Cr
Net Income to Common Incl Extra Items	-2.35Cr	-84.11L	-1.18Cr	-2.04Cr	-1.21Cr
Net Income to Common Excl. Extra Items	-2.35Cr	-84.11L	-1.18Cr	-2.04Cr	-68.54L
Per Share Items
Net EPS - Basic	-0.5	-0.13	-0.17	-0.26	-0.15
Basic EPS - Continuing Operations	-0.5	-0.13	-0.17	-0.26	-0.08
Basic Weighted Average Shares Outstanding	-	6.5Cr	7.02Cr	7.97Cr	8.28Cr
Net EPS - Diluted	-0.5	-0.13	-0.17	-0.26	-0.15
Diluted EPS - Continuing Operations	-0.5	-0.13	-0.17	-0.26	-0.08
Diluted Weighted Average Shares Outstanding	-	6.5Cr	7.02Cr	7.97Cr	8.28Cr
Normalized Basic EPS	-0.31	-0.07	-0.1	-0.16	-0.05
Normalized Diluted EPS	-0.31	-0.07	-0.1	-0.16	-0.05
Supplemental Items
EBITDA	-1.37Cr	-60.62L	-1.09Cr	-1.33Cr	-4L
EBITA	-1.38Cr	-62.72L	-1.1Cr	-1.34Cr	-5L
EBIT	-1.41Cr	-65.95L	-1.13Cr	-1.37Cr	-7L
EBITDAR	-1.36Cr	-59.81L	-1.07Cr	-1.29Cr	-
Total Revenues (As Reported)	1.51Cr	1.6Cr	-	-	-
Effective Tax Rate - (Ratio)	-	-	-	-	-
Normalized Net Income	-1.48Cr	-43.65L	-73.69L	-1.27Cr	-38.02L
Supplemental Operating Expense Items
Selling and Marketing Expenses	13.35L	3L	12.17L	3L	3L
General and Administrative Expenses	1.12Cr	73.63L	24.56L	48.85L	29.84L
Research And Development Expense From Footnotes	5L	4L	20.75L	21.02L	12.88L
Net Rental Expense, Total	39.29T	81.18T	1L	3L	-
Imputed Operating Lease Interest Expense	83.13T	3L	2L	3L	-
Imputed Operating Lease Depreciation	-43.83T	-2L	-23.97T	61.06T	-
Stock-Based Comp., Other (Total)	45.98L	16.56L	18.44L	18.21L	-
Total Stock-Based Compensation	45.98L	16.56L	18.44L	18.21L	-

Fiscal Period: June	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Assets
Cash And Equivalents	1.08Cr	26.89L	7L	9L	2L
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.08Cr	26.89L	7L	9L	2L
Accounts Receivable, Total	15.35L	18.06L	23.87L	10.16L	5L
Other Receivables	2L	5L	6L	-	82.97T
Notes Receivable	-	-	-	-	-
Total Receivables	17L	23.17L	30.3L	10.16L	6L
Inventory	-	78.58T	66.04L	5L	-
Prepaid Expenses	4L	7L	11.26L	5L	10.15T
Other Current Assets, Total	10.24L	13.22T	3.58T	4L	16.21T
Total Current Assets	1.39Cr	58.1L	1.15Cr	32.87L	8L
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	2L	2L	2L	96.15T	70.3T
Long-term Investments	1L	1L	1L	1L	3L
Goodwill	93.82L	95.31L	95.31L	95.31L	63.9L
Other Intangibles, Total	33.62L	26.11L	18.8L	11.07L	6L
Other Long-Term Assets, Total	-	-	-	-	-1
Total Assets	2.7Cr	1.83Cr	2.32Cr	1.41Cr	81.27L
Liabilities
Accounts Payable, Total	26.29L	11.01L	25.31L	46.2L	16.86L
Accrued Expenses, Total	6L	6L	7L	16.54L	20L
Short-term Borrowings	11.5L	75.75T	40L	1.52Cr	9L
Current Portion of Long-Term Debt	2L	-	-	2L	68.28L
Current Portion of Leases	2L	59.98T	92.89T	67.85T	23.54T
Unearned Revenue Current, Total	4L	6L	4L	10.59L	5L
Other Current Liabilities	5L	-	-	35.83T	13.76L
Total Current Liabilities	56.11L	23.83L	77.4L	2.29Cr	1.32Cr
Long-Term Debt	-	-	32.5L	-	1.49Cr
Long-Term Leases	23.54T	88.6T	53.69T	23.54T	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	56.34L	24.71L	1.1Cr	2.29Cr	2.81Cr
Common Stock, Total	12Cr	12Cr	13Cr	13Cr	13Cr
Retained Earnings	-11Cr	-12Cr	-13Cr	-14Cr	-15Cr
Comprehensive Income and Other	1.26Cr	1.34Cr	1.42Cr	-9L	-
Total Common Equity	2.13Cr	1.57Cr	1.22Cr	-88.24L	-2Cr
Minority Interest	1L	1L	-45.7T	42.56T	-
Total Equity	2.14Cr	1.58Cr	1.22Cr	-87.81L	-2Cr
Total Liabilities And Equity	2.7Cr	1.83Cr	2.32Cr	1.41Cr	81.27L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.46Cr	6.55Cr	7.58Cr	8.28Cr	8.28Cr
ECS Total Common Shares Outstanding	6.38Cr	6.55Cr	7.58Cr	8.28Cr	8.28Cr
Book Value / Share	0.33	0.24	0.16	-0.11	-0.24
Tangible Book Value	85.08L	35.58L	8L	-1.95Cr	-2.7Cr
Tangible Book Value Per Share	0.13	0.05	0.01	-0.24	-0.33
Total Debt	15.37L	2L	73.97L	1.55Cr	2.26Cr
Net Debt	-92.99L	-24.65L	66.84L	1.46Cr	2.24Cr
Debt Equivalent Oper. Leases	3L	6L	10.13L	25.17L	-
Minority Interest, Total (Incl. Fin. Div)	1L	1L	-45.7T	42.56T	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	30.06T	30.06T	50.06T	-	-

Fiscal Period: June	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Net Income	-2.35Cr	-84.11L	-1.18Cr	-2.04Cr	-1.21Cr
Depreciation & Amortization - CF	1L	2L	1L	1L	85.15T
Amortization of Goodwill and Intangible Assets - (CF)	3L	3L	3L	3L	2L
Depreciation & Amortization, Total	4L	5L	4L	5L	3L
Amortization of Deferred Charges, Total - (CF)	5L	4L	4L	4L	3L
(Gain) Loss From Sale Of Asset	-	-	-	-	52.47L
Stock-Based Compensation (CF)	45.98L	16.56L	18.44L	18.21L	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	87.06L	15.9L	34.06T	-2L	43.81L
Change In Accounts Receivable	-13.73L	-24.41T	-11.16L	16.37L	-2L
Change In Inventories	-	-	-66.83L	63.53L	5L
Change In Accounts Payable	4L	-18.81L	13.4L	33.73L	5L
Change in Unearned Revenues	3L	2L	-1L	3L	-6L
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	2L	-2L	38.68T	-59.95T	-15.08T
Cash from Operations	-97.86L	-61.53L	-1.56Cr	-63.05L	-16.86L
Capital Expenditure	-7.6T	-60.08T	-	-51.12T	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-2L	-	-	-
Divestitures	-	-	-	-	-1L
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	26.83L	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	26.76L	-2L	-	-51.12T	-1L
Short Term Debt Issued, Total	49.95L	-	-	-	-
Long-Term Debt Issued, Total	1.22Cr	-	82.5L	86.15L	13L
Total Debt Issued	1.71Cr	-	82.5L	86.15L	13L
Short Term Debt Repaid, Total	-1.25Cr	-	-	-	-
Long-Term Debt Repaid, Total	-81.49L	-26.64L	-11.96L	-20.81L	-2L
Total Debt Repaid	-2.06Cr	-26.64L	-11.96L	-20.81L	-2L
Issuance of Common Stock	2.24Cr	8L	70L	-	-
Other Financing Activities, Total	-23.51L	-67.6T	-5L	-	-
Cash from Financing	1.65Cr	-19.11L	1.36Cr	65.34L	11.25L
Foreign Exchange Rate Adjustments	-43.64T	1L	74.23T	-6.43T	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	93.96L	-81.47L	-19.76L	2L	-7L
Supplemental Items
Cash Interest Paid	4L	3L	6L	18.28L	9L
Cash Income Tax Paid (Refund)	-	-	-	-4L	-21.73L
Levered Free Cash Flow	-65.27L	-36.58L	-1.09Cr	49.27L	-9L
Unlevered Free Cash Flow	-52.1L	-34.41L	-1.06Cr	56.49L	25.36L
Change In Net Working Capital	18.68L	18.74L	62.42L	-1.16Cr	-23.69L
Net Debt Issued / Repaid	-34.65L	-26.64L	70.54L	65.34L	11.25L

Fiscal Period: June	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Profitability
Return on Assets	-36.88	-18.21	-34	-46.18	-3.95
Return on Total Capital	-46.3	-21.17	-39.62	-66.46	-7.44
Return On Equity %	-215.15	-45.22	-84.9	-1.42T	47.63
Return on Common Equity	-217.48	-45.52	-84.66	-1.41T	47.56
Margin Analysis
Gross Profit Margin %	100	100	20.12	10.76	54.52
SG&A Margin	163.61	122.89	49.49	53.76	51.86
EBITDA Margin %	-95.06	-38.61	-52.55	-67.91	-6.3
EBITA Margin %	-95.81	-39.94	-53.17	-68.63	-7.66
EBIT Margin %	-97.85	-42	-54.63	-70.32	-11.21
Income From Continuing Operations Margin %	-165.07	-53.54	-57.51	-105.46	-109.34
Net Income Margin %	-162.99	-53.57	-57.21	-104.67	-193.04
Net Avail. For Common Margin %	-162.99	-53.57	-57.21	-104.67	-109.34
Normalized Net Income Margin	-102.88	-27.8	-35.65	-65.12	-60.64
Levered Free Cash Flow Margin	-45.36	-23.3	-52.89	25.23	-13.64
Unlevered Free Cash Flow Margin	-36.21	-21.92	-51.17	28.93	40.45
Asset Turnover
Asset Turnover	0.6	0.69	1	1.05	0.56
Fixed Assets Turnover	60.66	69.17	86.32	113.05	75.33
Receivables Turnover (Average Receivables)	17.52	9.4	9.86	13.27	8.24
Inventory Turnover (Average Inventory)	-	-	4.94	4.71	-
Short Term Liquidity
Current Ratio	2.48	2.44	1.48	0.14	0.06
Quick Ratio	2.23	2.1	0.48	0.08	0.06
Operating Cash Flow to Current Liabilities	-1.74	-2.58	-2.02	-0.28	-0.13
Days Sales Outstanding (Average Receivables)	20.84	38.83	37.01	27.59	44.3
Days Outstanding Inventory (Average Inventory)	-	-	73.86	77.69	-
Average Days Payable Outstanding	-	-	28.76	118.16	-
Cash Conversion Cycle (Average Days)	-	-	82.11	-12.88	-
Long Term Solvency
Total Debt/Equity	7.19	1.42	60.66	-176.89	-113.06
Total Debt / Total Capital	6.71	1.4	37.76	230.06	865.44
LT Debt/Equity	0.11	0.56	27.1	-0.27	-74.46
Long-Term Debt / Total Capital	0.1	0.55	16.86	0.35	569.95
Total Liabilities / Total Assets	20.87	13.52	47.53	162.19	346.1
EBIT / Interest Expense	-6.68	-19.03	-19.93	-11.89	-0.13
EBITDA / Interest Expense	-6.49	-17.49	-19.18	-11.48	-0.07
(EBITDA - Capex) / Interest Expense	-6.5	-17.67	-19.18	-11.53	-0.07
Total Debt / EBITDA	-0.11	-0.04	-0.68	-1.17	-57.28
Net Debt / EBITDA	0.68	0.41	-0.62	-1.1	-56.8
Total Debt / (EBITDA - Capex)	-0.11	-0.04	-0.68	-1.17	-57.28
Net Debt / (EBITDA - Capex)	0.68	0.4	-0.62	-1.1	-56.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	173.89	9.13	31.65	-2.03	-29.36
Gross Profit, 1 Yr. Growth %	173.89	9.13	3	-43.1	-196.78
EBITDA, 1 Yr. Growth %	15.66	-54.12	90.91	17.07	-96.92
EBITA, 1 Yr. Growth %	17.42	-52.91	86.3	16.99	-96.29
EBIT, 1 Yr. Growth %	16.2	-53.15	69.82	16.8	-94.71
Earnings From Cont. Operations, 1 Yr. Growth %	-0.93	-64.61	41.42	66.72	-65.97
Net Income, 1 Yr. Growth %	-2.11	-64.14	40.61	66.29	-40.8
Normalized Net Income, 1 Yr. Growth %	13.84	-70.51	68.81	66.04	-69.43
Diluted EPS Before Extra, 1 Yr. Growth %	-21.45	-73.81	30.77	48.51	-67.45
Accounts Receivable, 1 Yr. Growth %	1.32T	17.63	32.19	-47.29	-50.25
Inventory, 1 Yr. Growth %	-	-	8.3T	-92.4	-
Net Property, Plant and Equip., 1 Yr. Growth %	-10.22	2.31	8.6	-61.44	-26.88
Total Assets, 1 Yr. Growth %	30.32	-32.29	27.1	-38.74	-42.44
Tangible Book Value, 1 Yr. Growth %	-164.51	-58.18	-76.74	-6.26T	38.61
Common Equity, 1 Yr. Growth %	6.66T	-26.12	-22.05	-175.25	126.67
Cash From Operations, 1 Yr. Growth %	10.1	-37.13	150.86	-59.59	-73.26
Capital Expenditures, 1 Yr. Growth %	-	690.58	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	43.05	-43.96	178.9	-146	7.92
Unlevered Free Cash Flow, 1 Yr. Growth %	36.25	-33.96	183.94	-154.54	-27.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	408.94	72.88	19.86	11.52	-43.92
Gross Profit, 2 Yr. CAGR %	408.94	72.88	-46.24	-27.86	-3.8
EBITDA, 2 Yr. CAGR %	14.53	-28.4	-9.32	52.67	-81.33
EBITA, 2 Yr. CAGR %	14.98	-26.91	-9.16	50.73	-79.53
EBIT, 2 Yr. CAGR %	16.19	-26.22	-10.44	43.71	-75.55
Earnings From Cont. Operations, 2 Yr. CAGR %	13.28	-40.79	-29.25	56.52	-25.51
Net Income, 2 Yr. CAGR %	12.56	-40.75	-28.99	55.89	-0.78
Normalized Net Income, 2 Yr. CAGR %	40.37	-42.06	-29.45	70.69	-29.55
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.66	-54.65	-41.48	41.42	-31.24
Accounts Receivable, 2 Yr. CAGR %	132.08	309.06	24.7	-24.99	-48.79
Inventory, 2 Yr. CAGR %	-	-	-	157.94	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-4.16	5.41	-35.29	-46.9
Total Assets, 2 Yr. CAGR %	106.58	-6.07	-7.23	-12.11	-40.62
Tangible Book Value, 2 Yr. CAGR %	25.7	-48.06	-68.81	133.87	823.91
Common Equity, 2 Yr. CAGR %	98.66	606.81	-24.11	-25.03	30.6
Cash From Operations, 2 Yr. CAGR %	18.86	-16.8	26.28	0.68	-67.13
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-7.75	-
Levered Free Cash Flow, 2 Yr. CAGR %	26.21	-10.46	29.42	12.12	-71.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	17.53	-5.14	42.48	23.14	-50.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	430.52	204.62	57.87	10.72	-26.37
Gross Profit, 3 Yr. CAGR %	430.52	204.62	-7.5	-47.34	-5.4
EBITDA, 3 Yr. CAGR %	13.77	-16.54	-2.79	0.13	-58.91
EBITA, 3 Yr. CAGR %	14.06	-15.59	-2.18	0.21	-56.67
EBIT, 3 Yr. CAGR %	14.87	-14.16	-2.32	-0.82	-52.72
Earnings From Cont. Operations, 3 Yr. CAGR %	17.07	-23.13	-20.85	-4.64	-6.58
Net Income, 3 Yr. CAGR %	16.58	-23.12	-20.97	-4.48	12.89
Normalized Net Income, 3 Yr. CAGR %	29.14	-16.56	-17.25	-4.94	-4.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-20.82	-41.99	-35.45	-19.39	-13.97
Accounts Receivable, 3 Yr. CAGR %	192.47	85.04	180.71	-12.85	-34.58
Net Property, Plant and Equip., 3 Yr. CAGR %	639.47	-	-0.08	-24.61	-32.6
Total Assets, 3 Yr. CAGR %	357.82	42.43	3.89	-19.43	-23.68
Tangible Book Value, 3 Yr. CAGR %	9.1	-12.9	-60.26	31.76	96.45
Common Equity, 3 Yr. CAGR %	48.03	42.86	238.95	-25.4	8.41
Cash From Operations, 3 Yr. CAGR %	27.67	-3.87	20.64	-13.63	-35.28
Capital Expenditures, 3 Yr. CAGR %	-	-	-	88.78	-
Levered Free Cash Flow, 3 Yr. CAGR %	15.83	-3.72	33.81	-8.95	-39.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.7	-3.01	40.38	2.73	-12.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	117.3	180.44	192.61	103.8	3.6
Gross Profit, 5 Yr. CAGR %	117.3	180.44	112.33	30.48	-8.24
EBITDA, 5 Yr. CAGR %	14.92	-3.41	3.18	4.93	-49.33
EBITA, 5 Yr. CAGR %	15.03	-2.78	3.42	5.15	-47.24
EBIT, 5 Yr. CAGR %	15.52	-1.8	3.98	5.66	-43.42
Earnings From Cont. Operations, 5 Yr. CAGR %	19.08	1.12	-4.29	2.16	-22.15
Net Income, 5 Yr. CAGR %	18.78	1.13	-4.39	2	-12.77
Normalized Net Income, 5 Yr. CAGR %	19.01	-2.56	1.4	11.1	-21.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.07	-23.62	-29.84	-17.15	-33.4
Accounts Receivable, 5 Yr. CAGR %	-	-	107.97	28.95	36.19
Net Property, Plant and Equip., 5 Yr. CAGR %	53.72	168.9	239.24	-	-22.41
Total Assets, 5 Yr. CAGR %	123.72	139.92	141.75	17.42	-17.07
Tangible Book Value, 5 Yr. CAGR %	4.93	-8.45	-33.89	29.3	15.39
Common Equity, 5 Yr. CAGR %	26.01	23.19	13.31	10.38	129.48
Cash From Operations, 5 Yr. CAGR %	10.51	4.54	27.11	-1.86	-28.29
Capital Expenditures, 5 Yr. CAGR %	-13.19	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	19.87	15.63	21.09	3.75	-28.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.28	15.55	19.11	8.41	-7.89