How Netlinkz’s Securelink JV Push Could Transform Its ASEAN Growth Trajectory
Netlinkz Limited reports steady customer receipts and strategic investments in its Securelink joint venture, while preparing for an ASX relisting and a rebrand to Securelink Networks Ltd.
- Customer receipts of $862,000 driven by SSI in Q1 FY2026
- Increased investment in Securelink JV with $190,000 total contribution
- Austrade supports Securelink’s ASEAN expansion via Export Growth Program
- Key management appointments strengthen leadership team
- Proposed name change and ASX relisting aim to reposition company
Quarterly Financial Snapshot
Netlinkz Limited (ASX, NET) has released its Appendix 4C for the quarter ending 30 September 2025, reporting receipts from customers of $862,000, primarily contributed by SSI. This steady inflow marks a foundational step as the company continues to pivot towards its cybersecurity and network connectivity ambitions.
Despite ongoing operational costs, Netlinkz has implemented significant cost-cutting measures, reducing staff and corporate administration expenses by 46% compared to the same quarter last year. The company ended the quarter with $245,000 in cash and is actively restructuring its debt to lower interest costs and extend maturities.
Strategic Expansion of Securelink Joint Venture
A key highlight is the increased investment in the Securelink joint venture, with Netlinkz injecting $50,000 in cash and $140,000 in non-cash assets, including network hardware and software to support customer proof-of-concepts and Starlink customers. This move underscores the company’s commitment to scaling its VSN Plus product offering, particularly in the Philippine enterprise and government sectors.
Securelink’s inclusion in the Australian Government’s Austrade Export Growth Program is a significant endorsement, providing grants, marketing, consular support, and networking opportunities to accelerate expansion into ASEAN markets such as Vietnam, Thailand, and Malaysia. This government backing could prove pivotal in establishing Securelink as a regional cybersecurity and connectivity player.
Leadership and Corporate Developments
Netlinkz has bolstered its management team with the appointment of James Velasquez, CEO of Securelink Networks Inc and Chairman of PT&T, as a Non-Executive Director. Velasquez brings decades of experience in IT and telecommunications across the ASEAN region, which aligns with the company’s growth strategy.
Additionally, Ayten Saridas has been appointed Interim CFO, bringing over 30 years of international finance experience, while Leonard Math has taken over as Company Secretary. These appointments signal a strengthening of governance and financial oversight as Netlinkz prepares for its next phase.
Rebranding and ASX Relisting Plans
In a move to better reflect its strategic focus, Netlinkz proposes to change its name to Securelink Networks Ltd, subject to shareholder approval at the upcoming AGM. This rebranding aims to align the company’s identity with its cybersecurity growth ambitions in ASEAN.
Concurrently, Netlinkz has lodged a submission with the ASX to relist its shares, a critical step to access equity capital and extinguish high-interest debt. The company is engaging equity brokers conditionally, pending ASX approval, positioning itself for a potential capital raise to support ongoing operations and expansion.
Operational Outlook
Operationally, Securelink is deploying fifty customer premises equipment devices to support secure MPLS-style connections, anticipating a shift towards more scalable software-only deployments. This approach could enable rapid revenue growth without the heavy costs associated with hardware installation.
Cost discipline remains a priority, with further reductions expected as more resources and administration shift to the Philippines. Interest payments for the quarter stood at $91,000, and payments to directors totaled $295,000, reflecting two quarters of remuneration.
Bottom Line?
Netlinkz’s strategic pivot and financial restructuring set the stage for a critical growth phase, but successful ASX relisting and ASEAN market traction remain key hurdles ahead.
Questions in the middle?
- Will the ASX approve Netlinkz’s relisting submission and under what conditions?
- How quickly can Securelink scale its VSN Plus deployments across ASEAN markets?
- What impact will the proposed name change have on investor perception and market positioning?