Hexima Reports AUD 1.54m Cash Balance, Operating Cash Outflow of Just AUD 18k
Hexima Limited reported a stable cash balance of AUD 1.54 million for Q2 2025, with only minor net cash used in operating activities. The company remains focused on strategic opportunities to enhance shareholder value.
- Closing cash balance of AUD 1.54 million
- Net operating cash outflow of AUD 18,000 for the quarter
- Operating expenses primarily compliance and professional fees
- No investing activities reported during the quarter
- Payments to related parties limited to directors’ fees and remuneration
Stable Cash Position Supports Ongoing Operations
Hexima Limited (ASX, HXL) has released its quarterly activities report for the period ending 30 June 2025, revealing a solid cash position of AUD 1.54 million. Despite a modest net cash outflow of AUD 18,000 from operating activities, the company’s financial footing remains stable, reflecting prudent management of expenses and a focus on maintaining liquidity.
Operating Costs Reflect Compliance and Professional Fees
The net cash used in operating activities was largely driven by ongoing compliance costs and professional fees, which are typical for a biotechnology company navigating regulatory environments. Interest income of AUD 10,000 slightly offset these expenditures, underscoring the company’s conservative cash management approach.
No Investing or Financing Activities in the Quarter
Hexima did not engage in any investing activities during the quarter, signaling a period of operational consolidation rather than expansion. Financing activities were also absent in this quarter, with the exception of a prior year-to-date repayment of borrowings amounting to AUD 100,000. The company holds an unused NAB credit card facility of AUD 40,000, providing additional financial flexibility if needed.
Governance and Related Party Payments
Payments to related parties, disclosed as directors’ fees and remuneration, were made at commercial rates and are consistent with normal business operations. This transparency aligns with ASX Listing Rule 4.7C requirements and reflects good governance practices.
Strategic Outlook
While the report does not detail specific strategic initiatives, Hexima continues to evaluate opportunities aimed at benefiting shareholders. The company’s strong cash reserves and low operating cash burn provide a runway to pursue such opportunities without immediate pressure to raise additional capital.
Bottom Line?
Hexima’s steady cash flow and conservative spending set the stage for potential strategic moves in the coming quarters.
Questions in the middle?
- What specific strategic opportunities is Hexima currently evaluating?
- Will Hexima consider capital raising to accelerate growth or R&D activities?
- How does the company plan to manage operating costs amid evolving regulatory demands?
