PARKD’s Growth Hinges on Fielders Partnership and Commercial Rollout

Strategic Licence Agreement with Fielders

PARKD Limited (ASX: PKD) has taken a significant step forward in commercialising its proprietary building technology by entering into an exclusive 5-year licence agreement with Fielders, a division of BlueScope Steel Limited. This agreement grants Fielders rights to exploit PARKD’s intellectual property and trademarks related to its metal deck support system (MDSS®) and metal deck support bracket (MDSB®), integrated with Fielders’ SlimDek 210 product.

Since the deal’s execution in February 2025, both companies have been collaborating closely to develop joint marketing materials and a comprehensive strategy aimed at expanding sales opportunities. These efforts are on track for release in Q4 FY25, setting the stage for commercial exploitation of the combined engineered solution from FY26 onwards.

Project Milestones and Operational Progress

On the project front, PARKD celebrated the practical completion of the John Hughes Forward Street car storage facility, delivering a three-level structure capable of housing 300 vehicles across 6,200 square meters. This milestone not only demonstrates the scalability and effectiveness of PARKD’s modular car park structural system but also provides valuable data points validating the company’s IP.

Meanwhile, the Audi Centre Myaree Forward Street project has seen all structural framing works completed, including a demanding 17-meter clear span in the primary dealership space. Fitout works are now underway, with substantial completion expected in Q1 FY26, further showcasing the adaptability of PARKD’s technology in high-end commercial applications.

Financial Performance and Cash Flow Management

Financially, PARKD reported a positive net cash inflow from operating activities of $34,000 for Q3 FY25, contributing to a year-to-date positive cash flow of $209,000. The company ended the quarter with cash reserves of $793,000, reflecting prudent capital management amid ongoing project execution and business development activities.

Notably, payments to directors amounted to $82,000 for the quarter, excluding the Chairman’s remuneration, which was accrued but not paid in cash. The company also secured vehicle financing through Volkswagen Financial Services Australia, supporting operational mobility needs.

Looking Ahead: Growth and Commercialisation

Managing Director Peter McUtchen expressed optimism about the company’s trajectory, highlighting the validation provided by recent project completions and the promising prospects of the Fielders partnership. The focus remains on executing the licence agreement obligations, expanding the national sales footprint, and unlocking further value from PARKD’s IP portfolio.

With joint marketing materials poised for launch and a pipeline of technical and consulting projects underway, including engagements with St Johns Ambulance and Major Holdings Group, PARKD is positioning itself for sustained growth in the building solutions sector.