How Swift Networks Is Winning Big Contracts Ahead of Swift TV Launch

Swift Networks Gains Traction in Aged Care and Mining Sectors

Swift Networks Group Limited (ASX – SW1) has reported a promising start to FY26, securing its first Swift TV orders from Australia’s largest Aged Care provider and Cherratta Lodge, a key player in the mining accommodation sector. These contracts mark significant milestones for Swift’s new entertainment platform, which aims to simplify deployment and broaden market reach.

The company inked a 36-month Master Services Agreement with the aged care giant, initially covering 562 screens across four communities, with potential for expansion across their national portfolio. Meanwhile, the Cherratta Lodge deal introduces Swift TV into 162 accommodation rooms servicing mining personnel, including major tenants like Woodside.

Renewals and Partnerships Strengthen Recurring Revenue Base

Swift also renewed a $2.4 million contract with Chevron, covering multiple facilities and ongoing technical support, underscoring the company’s foothold in resource sector entertainment services. Additionally, the partnership with Uniting NSW expanded to 25 aged care sites, reflecting growing trust and adoption of Swift’s solutions.

These contract wins and renewals contribute to Swift’s strategy of building a recurring revenue base, which is critical for sustainable growth and margin expansion.

Capital Raise and Product Development Fuel Growth Ambitions

To support its commercial rollout of Swift TV, Swift completed an oversubscribed $1.6 million placement to institutional and sophisticated investors, supplemented by $0.6 million raised through warrant exercises. The capital injection bolsters the company’s cash position, which stood at $1.8 million at quarter-end, ahead of the product launch.

Significant investment continues in Swift TV’s development, with $0.45 million attributed to employee expenses and $0.1 million on hardware procurement during the quarter. The product’s innovative user interface, co-developed with aged care stakeholders, has earned recognition with shortlistings in the Future of Ageing Awards for both Business and Consumer Technology categories.

Financials Reflect Timing Effects but Underline Operational Focus

Swift reported cash receipts of $3.54 million for the quarter, slightly down from the previous period due to timing of project payments. Operating costs rose by $0.9 million, largely reflecting a one-off supplier payment related to FY25 work. Net cash used in operating activities was $0.95 million, while investing activities consumed $0.35 million, mainly for product development.

Management remains focused on cost control and scaling recurring revenues, with plans to increase marketing and sales efforts in Q2 to accelerate Swift TV adoption across new industries and geographies.

Looking Ahead – Swift TV Rollout and Market Expansion

Swift TV’s commercial rollout is on track for Q3 FY26, with pre-orders already received and installations set to begin once the final product is available. The company is actively targeting upgrades for existing customers and exploring partnerships to penetrate new markets, including mining and aged care sectors.

With a secured $6.2 million financing facility and a strengthened balance sheet, Swift Networks is positioning itself for a transformational year ahead, leveraging proprietary technology to engage communities and drive scalable growth.