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How Vonex Slashed FY25 Loss and Prepares for Maxo Takeover
12:26am on Saturday 30th of August, 2025 AEST
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How Vonex Slashed FY25 Loss and Prepares for Maxo Takeover
12:26am on Saturday 30th of August, 2025 AEST
Key Points
FY25 net loss narrowed to $118K from $1.34M prior year
Revenue declined 7% to $44.79 million
Raised $13.89 million via entitlement offer to retire $13 million debt
Refinanced remaining $10 million debt with Westpac, reducing total debt to $9.64 million
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