SIV Capital Limited reported a statutory loss of $112,789 for the year ended June 2025, continuing its operational scale-down with only four active rental contracts. The company remains debt-free with $8.18 million in cash but its ASX securities remain suspended as it evaluates a confidential corporate opportunity.
- Statutory loss of $112,789 in FY25, down from prior year profit
- Only four active rental contracts remain in GoGetta business
- Net assets of $8.19 million and cash holdings of $8.18 million
- No dividends declared for FY25 or FY24
- ASX suspension ongoing since December 2024 due to inadequate operations
Financial Results and Operational Scale-Down
SIV Capital Limited has reported a statutory loss of $112,789 for the financial year ended 30 June 2025, a significant reversal from the $358,651 profit recorded in the prior year. This downturn reflects the continued wind-down of its core rental operations, with the GoGetta business now reduced to just four live rental contracts as at the end of the reporting period.
The company’s revenue from ordinary activities dropped to $546,453, down from $1.19 million in FY24, while expenses remained substantial at $854,604. The loss before income tax was driven by a combination of rental asset income, bad debts, proceeds from asset sales, and ongoing administrative costs aligned with the company’s scaled-back operations.
Strong Balance Sheet Amidst Operational Challenges
Despite the loss, SIV Capital maintains a solid financial position with net assets of $8.19 million and cash and deposits totaling $8.18 million. The company remains free of debt aside from typical trade creditors and customer security bonds. Notably, the Group holds significant carry-forward tax losses, $66.3 million in revenue losses and $24.5 million in capital losses, though no deferred tax assets have been recognised due to uncertainty over future utilisation.
No dividends were declared for FY25 or the previous year, reflecting the company’s cautious stance amid ongoing operational contraction and market uncertainty.
ASX Suspension and Corporate Outlook
SIV Capital’s securities have been suspended from trading on the ASX since December 2024 after the exchange determined that the company’s operations were insufficient to justify continued quotation. The suspension remains in place pending compliance with listing rules and operational adequacy. The company continues to provide periodic disclosures to keep the market informed during this suspension.
On the corporate front, SIV Capital is actively evaluating a confidential non-binding term sheet with a third party, referred to as NBIO. While this potential transaction could represent a strategic pivot or value-adding opportunity, it remains subject to various conditions with no certainty of completion. The Board has emphasised its commitment to pursuing opportunities that meet key financial criteria to enhance shareholder value.
Governance and Going Concern
The Board, led by Non-Executive Chairman Allan English AM, continues to oversee the company’s governance with a focus on maintaining high standards despite the reduced scale of operations. Directors affirm that the company remains a going concern, supported by expected cash flows and cash on hand for at least the next twelve months.
The 2025 financial statements were audited by Hall Chadwick QLD with no key audit matters identified, providing assurance on the integrity of the reported results.
Bottom Line?
SIV Capital’s next moves on the confidential corporate opportunity and ASX reinstatement will be pivotal for its future trajectory.
Questions in the middle?
- What is the nature and potential impact of the confidential NBIO transaction under evaluation?
- When might SIV Capital’s securities be reinstated on the ASX, and what operational benchmarks must be met?
- How will the company leverage its substantial tax losses and cash reserves to rebuild or pivot its business?