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Why Is Multistack International Abandoning Its Australian Business Now?

12:02pm on Friday 23rd of January, 2026 AEDT 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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