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IAM Battles $3.5m Fraud Fallout with $2m Debt Raise in Q2 FY26
4:04pm on Friday 30th of January, 2026 AEDT
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Financial Services
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IAM Battles $3.5m Fraud Fallout with $2m Debt Raise in Q2 FY26
4:04pm on Friday 30th of January, 2026 AEDT
Key Points
Q2 operating revenue of $3.8 million excluding $1 million pending regulatory approval
Negative EBITDA of $0.9 million excluding $1.5 million in fraud-related costs
Total fraud-related losses and costs exceed $3.5 million
Raised $2 million in debt to support operations amid cash outflows
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Income Asset Management (ASX:IAM)
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