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Why Is Swift Networks’ Revenue Slipping Despite New Capital Raises?

3:31am on Saturday 30th of August, 2025 AEST Technology
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Why Is Swift Networks’ Revenue Slipping Despite New Capital Raises?

3:31am on Saturday 30th of August, 2025 AEST
Key Points
  • Operating revenue fell 3.5% to $17.7 million in FY25
  • Loss after tax nearly doubled to $3.33 million
  • Subscription revenue impacted by Mineral Resources site closures
  • Raised $2.3 million via entitlement offer, partially repaid PURE loan
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