How Simble Solutions’ $527k Raise and New Contracts Could Transform Its Future
Simble Solutions Limited reported a $527k equity raise and secured significant software contracts in Australia and the UK during Q2 FY25, while advancing its AI integration strategy amid a soft quarter.
- Equity raise of $527k completed in June quarter
- Cash balance of $553k as of 30 June 2025
- Successful SimbleSense pilot with Ascona Group in the UK
- New multi-year CarbonView contracts with Uniting and Intellihub
- Ongoing AI integration initiatives within Bittensor ecosystem
Equity Raise and Cash Position
Simble Solutions Limited (ASX, SIS), a player in energy and sustainability software, announced a $527,000 equity raise during the June quarter, bolstering its cash reserves to $553,000 as of 30 June 2025. This capital injection was critical given the company’s net cash outflow of $381,000 from operating activities during the quarter, reflecting ongoing investments in growth and product development.
Contract Wins and Market Expansion
The company marked significant progress in customer engagement, completing a successful pilot of its SimbleSense platform across six sites of the UK-based Ascona Group. Discussions are underway for a broader rollout across Ascona’s sites in England, Scotland, and Wales, signaling potential for substantial expansion in the UK market.
In Australia, Simble secured a major annual software contract with Uniting (Victoria and Tasmania) Ltd to deploy its CarbonView platform across over 300 sites, enabling comprehensive carbon footprint tracking including Scope 1, 2, and 3 emissions. Additionally, Intellihub, a digital energy management firm owned by Brookfield Asset Management and Pacific Equity Partners, committed to a three-year contract to implement CarbonView across its Australian and New Zealand operations, further cementing Simble’s footprint in the region.
AI Integration and Strategic Outlook
Simble is actively exploring artificial intelligence integration within its business processes, particularly leveraging the open-source AI infrastructure of the Bittensor (TAO) network. This strategic move aims to position the company at the forefront of AI-driven energy management solutions, although the precise impact and timeline remain to be clarified.
The company’s treasury management also included a purchase of 383.95 TAO tokens valued at approximately AUD 200,000, which have appreciated to around AUD 240,000, reflecting a savvy approach to digital asset management.
Financial and Operational Challenges
Despite these positive developments, the quarter was marked by delays in customer trials and a postponed R&D grant application, which constrained cash receipts to $130,000. Simble’s management acknowledges the soft June quarter but anticipates improved sales and operational performance in the September quarter, supported by recent contract wins and ongoing capital raising efforts.
The company currently employs 15 staff across Australia, the UK, and Vietnam, maintaining a lean structure to support its dual focus on software solutions and renewable energy developments.
Bottom Line?
Simble’s Q2 progress sets the stage for growth, but execution on AI integration and contract rollouts will be critical to sustaining momentum.
Questions in the middle?
- When will Simble receive formal confirmation for the full Ascona Group rollout?
- How will AI integration concretely enhance Simble’s product offerings and operational efficiency?
- What are the timelines and prospects for the company’s planned capital raising and debt funding?
