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Vonex Cuts Net Loss 91% Amid Debt Repayment and MaxoTel Scheme Progress
12:28am on Saturday 30th of August, 2025 AEST
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Telecommunications
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Vonex Cuts Net Loss 91% Amid Debt Repayment and MaxoTel Scheme Progress
12:28am on Saturday 30th of August, 2025 AEST
Key Points
7.1% revenue decline due to post-migration churn
Net loss after tax reduced by 91.2% to $118k
EBITDA rose 6.7% to $5.7 million
Raised $13.89 million via entitlement offer to repay $13 million debt
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