Assetora Cuts Losses, Reopens Fund, and Secures $3M Placement to Fuel Growth

Financial Performance and Loss Reduction

Assetora Limited (ASX – AOH), formerly known as DomaCom Limited, has released its audited financial results for the year ended 30 June 2025, reporting a loss after tax of $4.08 million. This marks a notable improvement from the previous year's loss of $7.23 million, reflecting the company's efforts in prudent cost management and the benefit of non-dilutive income streams such as research and development rebates.

The company’s revenue primarily stems from fund management and campaign management fees, which, while slightly down from the prior year, remain a stable base as Assetora focuses on expanding its funds under management (FUM).

Capital Structure and Fund Reopening

Assetora has strengthened its financial position through several capital initiatives. Key among these was the conversion of borrowings and convertible notes into equity, which has reduced financing costs and enhanced balance sheet flexibility. The company also secured a $3 million private placement with CloudTech Group Pty Ltd, structured in two tranches, with the first $500,000 completed and the remaining $2.5 million conditional on regulatory and ASX reinstatement milestones.

In August 2025, Assetora reopened the DomaCom Fund (now part of the Assetora Investment Fund) for new investor applications after a suspension since mid-2024. This reopening is a strategic pivot aimed at accelerating growth by onboarding new investors and launching sub-funds across diverse sectors including real estate, private credit, and health technology.

Strategic Outlook and Operational Focus

The company’s leadership highlights FY25 as a turning point, emphasizing a reset platform for growth supported by scalable revenue streams and controlled costs. Assetora is targeting growth in recurring management fees through expanding FUM and expects ongoing opportunities to convert liabilities into equity, further strengthening its capital base.

Operationally, the appointment of Assetora Australia Ltd as trustee of the fund and the reopening of the fund to new business are expected to underpin future revenue growth. The company remains focused on cost discipline and improving operating leverage as it scales.

Governance and Risk Considerations

The report details several board and executive changes during the year, including the appointment of Giuseppe Porcelli as Chairman and Darren Younger as CEO, signaling a refreshed leadership team with strong technology and financial services expertise.

Assetora also outlines key risks including solvency challenges, the ability to attract investors, competition in the fintech and funds management space, regulatory compliance, and reliance on its technology platform. The auditor’s report flags a material uncertainty regarding the company’s ability to continue as a going concern, given ongoing losses and negative net assets, underscoring the importance of successful capital raises and fund growth.

Looking Ahead

With the DomaCom Fund reopened and a strengthened capital structure, Assetora is positioned to pursue growth initiatives aggressively. The company’s next milestones include completing the conditional tranche of its placement, filing compliance reports, and achieving ASX reinstatement, all critical to restoring investor confidence and market liquidity.