Constellation Reports $509k Customer Receipts and $374k Cash Reserves

Operational Expansion Across Critical Sectors

Constellation Technologies Limited (ASX – CT1), an IoT solutions provider, has reported meaningful progress in its growth strategy for the quarter ending 31 December 2025. The company notably extended its footprint within the Compass Group contract, moving beyond traditional sites to include defence-aligned facilities, aged care environments, and hospital campuses. This strategic expansion highlights the increasing demand for IoT monitoring and digital compliance solutions in complex, multi-site operations where continuous oversight and operational reliability are paramount.

Alongside this, Constellation has actively pursued new business opportunities, issuing multiple quotations to additional aged care operators and hospital groups. The company is cultivating a robust pipeline of enterprise prospects, aiming to convert these into contracted deployments that span multiple sites, which could significantly enhance its recurring revenue base.

Financial Discipline Amid Growth Investments

Financially, Constellation recorded customer receipts of $509,000 during the quarter, reflecting steady engagement from key enterprise clients and ongoing revenue from its food-safety and monitoring portfolios. The company maintained a disciplined operating structure, successfully reducing net cash used in operating activities to $69,000, a notable improvement compared to prior periods.

Despite this tighter cash flow, Constellation strategically increased investment in hardware production to support the rollout of key products, positioning itself for future growth. The company ended the quarter with cash reserves of $374,000, providing a modest buffer as it scales operations.

Governance and Related Party Payments

Related party payments during the quarter amounted to $83,000, covering salary-related payments to CEO Kartheek Munigoti, director fees for two non-executive directors, and office rental and legal fees paid to entities associated with Mr Nicholson. Notably, no director fees have been paid to Mr Malone to date. The board expressed gratitude to shareholders for their ongoing support, signalling confidence in the company’s strategic direction.

Overall, Constellation Technologies appears to be balancing growth ambitions with financial prudence, leveraging its IoT expertise to penetrate sectors where compliance and monitoring are increasingly critical. The company’s focus on expanding its enterprise pipeline and investing in hardware production suggests a readiness to capitalise on emerging opportunities in the digital solutions space.