Axtec Limited maintains a steady cash position through strategic equity placements and cost reductions while advancing its PropTech platform and partnerships.
- Cash position steady at $1.25 million after equity placement
- Annualised cost base reduced by approximately $400,000
- Convertible notes worth $1.275 million to refinance debt on favourable terms
- New partnership with Ray White Avi Kahn Group to embed PaySure
- Ongoing discussions with large real estate networks and international partners
Financial Stability and Strategic Funding
Axtec Limited has reported a stable cash position of $1.25 million for the December 2025 quarter, underpinned by a successful equity placement involving strategic and sophisticated investors, including Managing Director Ben Laurance and major shareholder Oriental University City Holdings (OUC). This capital injection has provided the company with a solid financial footing as it continues to focus on its PropTech business.
In a bid to improve operational efficiency, Axtec implemented corporate head office cost reduction initiatives during the quarter, trimming its annualised cost base by approximately $400,000. This move signals a disciplined approach to managing expenses amid ongoing growth efforts.
Convertible Notes and Debt Refinancing
Further strengthening its balance sheet, Axtec secured commitments from Mr Laurance and OUC to invest an additional $1.275 million through a convertible note instrument. This funding will refinance existing debt facilities maturing in late January 2026 on more favourable terms, providing the company with enhanced financial flexibility to support its growth trajectory. The issuance of these convertible notes was approved at the company’s November 2025 AGM.
Axtec also maintains a substantial securitisation trust facility of $30 million, which supports its PaySure Retail Finance operations, highlighting the company’s diversified funding sources.
PropTech Division – Partnerships and Platform Development
The company’s PropTech division made significant strides, notably partnering with the Ray White Avi Kahn Group to roll out Axtec’s PaySure payment solution across approximately 3,000 managed properties. This partnership is set to expand with the introduction of a customised MyHomeVault platform for Ray White AKG clients in the coming quarter.
Development work also progressed with Securexchange, a subsidiary of InfoTrack, to facilitate deposit payments for residential real estate purchases using a combination of the New Payments Platform and traditional payment rails. These initiatives underscore Axtec’s commitment to streamlining property transactions through technology.
Additionally, Axtec is in late-stage discussions with a large Australian real estate network for a potential network-wide rollout of its AI-enabled platform, though no binding agreements have yet been executed. Internationally, the company is exploring a multi-jurisdiction collaboration spanning Australia, the United States, and the United Kingdom, contemplating white-label deployments and referral arrangements.
Corporate Rebranding and Strategic Focus
Reflecting its sharpened focus on real estate technology, Axtec completed a rebrand during the quarter, positioning itself as a pure-play PropTech business. This strategic pivot is further evidenced by the winding down of its property development project at Glenlea Estate, Mount Barker, where the company is managing the return of bank guarantees and final construction activities over the next six months.
Overall, Axtec’s quarterly report paints a picture of a company consolidating its financial position, cutting costs, and advancing key partnerships and platform developments to drive future growth in the PropTech sector.
Bottom Line?
Axtec’s disciplined financial management and strategic partnerships set the stage for its next growth phase, but execution risks remain as key deals are still in negotiation.
Questions in the middle?
- Will Axtec secure binding agreements with the large Australian real estate network soon?
- How will the convertible note refinancing impact Axtec’s future financial flexibility?
- What progress will be made on the international multi-jurisdiction collaboration?