Identitii Ltd (ASX: ID8) has released its Appendix 4E Preliminary Final Report for the year ended 30 June 2026, revealing a widened net loss after tax and a slight dip in revenue from ordinary activities. Identitii helps organisations build trust, protect their businesses and customers, and prevent financial crime through better use of financial data, developing solutions that make financial data more secure, intelligent, and easier to utilise. The financial technology company reported a loss after tax attributable to members of $(4,878,114), a 47% increase from the $(3,325,574) loss in the prior corresponding period. Revenue from ordinary activities saw a marginal decrease of 1% to $768,154, down from $777,542 in FY25.
The modest decline in revenue was largely influenced by the non-recurrence of a $469,904 annual licence fee from Mastercard in February 2026, following the announced exit of that contract. This was partially offset by new revenue of $460,516 generated from the launch of the company’s BNDRY financial crime compliance platform. Total expenses for FY26 increased by $874,592, or 16%, to $6,327,741. This rise was primarily driven by a $335,247 increase in marketing costs to support the growth of the BNDRY platform, and a $705,903 surge in legal and professional costs associated with one-off proceedings, several capital raising efforts, and new BNDRY client documentation.
The expanded net loss for the year was also impacted by a reduction in the FY26 Research and Development Tax Incentive (R&DTI) and the absence of prior year one-off gains of $471,980 from the revaluation of shares in Payble Pty Ltd. The company’s net assets decreased significantly, falling by $3,758,439 to a deficit of $(1,882,110) at 30 June 2026. This was largely attributed to the $1,555,298 sale of remaining shares in Payble Pty Ltd, a $995,142 decrease in cash and cash equivalents to $111,769, and a $922,472 increase in current liabilities due to higher trade payables as capital raising plans were adversely impacted. Basic and diluted loss per share stood at (0.53) cents.
The report also noted a shift in focus towards commercialising the BNDRY platform, which contributed to a decrease in R&DTI receivables. No dividends were declared for either the current or previous reporting periods. The preliminary final report is currently in the process of being audited.
