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Why Is Multistack International Abandoning Its Australian Business Now?
12:02pm on Friday 23rd of January, 2026 AEDT
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Industrial Products
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Why Is Multistack International Abandoning Its Australian Business Now?
12:02pm on Friday 23rd of January, 2026 AEDT
Key Points
Q4 2025 sales included 2 water-cooled chillers and spare parts
Board decided to discontinue business in current form due to sustained losses
Disposal of Multistack Australia Pty Ltd underway, pending approvals
Cash reserves stood at $1.1 million with quarterly operating expenses of $277,000
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