Queste’s 59.86% Orion Stake and $4M Cash Highlight Q3 Stability
Queste Communications reports steady investment holdings and a robust cash reserve of over $4 million for the quarter ending September 2025, underpinned by its controlling stake in Orion Equities.
- 59.86% ownership in Orion Equities Limited maintained
- Investment portfolio valued at approximately $1.62 million
- Consolidated entity cash reserves stand at $4.055 million
- Quarterly expenditures total $203,000 with partial cost recoveries
- No director fees paid by Queste; Orion paid $46,000 in director fees
Quarterly Overview
Queste Communications Ltd (ASX, QUE) has released its quarterly activities report for the three months ending 30 September 2025, reaffirming its stable investment position and solid cash reserves. The company continues to hold a controlling 59.86% stake in Orion Equities Limited (ASX, OEQ), a listed investment company, which remains a core component of Queste's consolidated entity.
The report highlights Queste's investment portfolio valued at approximately $1.62 million, comprising its significant shareholding in Orion Equities and a smaller 1.61% stake in Bentley Capital Limited (ASX, BEL). These holdings are considered liquid assets that supplement the company's cash reserves, which stood at a healthy $4.055 million at quarter-end.
Operational and Financial Activity
During the quarter, Queste's consolidated entity incurred total expenditures of $203,000, covering land operations, personnel, occupancy, corporate, and administrative expenses. Notably, a portion of these costs was offset through shared office and administration arrangements, reflecting prudent cost management. Queste itself did not pay any director fees this quarter, while Orion Equities paid $46,000 in director remuneration, as disclosed in the accompanying cash flow report.
Cash flow from operating activities was negative for both Queste and the consolidated entity, at $11,000 and $72,000 respectively. However, this was balanced by financing inflows and a stable cash position supported by an unused loan facility of $130,000. The loan agreement between Orion and Queste allows for advances up to $450,000 at 10% interest, maturing at the end of 2026, providing additional financial flexibility.
Investment Management and Outlook
Orion Equities, as the controlled entity, continues to manage a diversified portfolio including listed and unlisted securities as well as real estate assets held for development and resale. The company regularly updates its net tangible asset (NTA) backing, with recent disclosures for July, August, and September 2025 available to investors. These updates offer valuable insight into the underlying value of Orion’s investments and, by extension, Queste’s consolidated asset base.
Queste’s steady holdings and cash reserves position it well to navigate market conditions and capitalize on investment opportunities. The company’s adherence to ASX Listing Rules and accounting standards, as confirmed in the report, underscores its commitment to transparency and governance.
Bottom Line?
With a strong cash buffer and stable investments, Queste is poised to maintain its steady course while investors watch for shifts in Orion’s asset performance.
Questions in the middle?
- How will Orion Equities’ real estate developments impact future asset valuations?
- Will Queste consider increasing its stake in Bentley Capital or other associates?
- How might the loan facility between Orion and Queste be utilized in the coming quarters?
