Disclosure Oversight Raises Questions on Bridge’s Reporting Controls
Bridge SaaS Limited has issued a correction to its Appendix 4C quarterly cash flow report, clarifying previously omitted financing facilities without affecting its cash position or operating results.
- Correction issued for omitted financing facilities in Appendix 4C
- Includes secured vehicle loans and unsecured director’s loan
- No impact on reported cash flows or funding position
- Positive operating cash flow reported for December quarter
- No new financing facilities entered post quarter-end
Correction to Financing Facilities Disclosure
Bridge SaaS Limited (ASX – BGE) has released a corrective disclosure regarding its Appendix 4C Quarterly Cash Flow Report for the quarter ended 31 December 2025. The company acknowledged an administrative oversight that led to the omission of certain financing facilities in the original filing, specifically in Item 7 which details financing arrangements.
The correction clarifies that Bridge had outstanding loan facilities at quarter-end, including secured vehicle finance loans from Metro Finance and an unsecured director’s loan. These facilities totalled $224,000, all of which were drawn down by the end of the quarter. Importantly, the company confirmed that this omission did not affect the cash flow figures reported elsewhere in the Appendix 4C, including cash flows from financing activities and the overall funding position.
Details of Financing Facilities
The disclosed loans include two secured vehicle finance agreements with Metro Finance, carrying interest rates of 6.53% and 5.75%, maturing in September 2030. Additionally, an unsecured director’s loan with an interest rate of 8.77% matures in December 2031. Bridge stated no new financing facilities were entered into or proposed after the quarter ended.
Financial Performance and Cash Position
Despite the correction, Bridge SaaS reported a healthy operating cash flow of $2.985 million for the quarter, contributing to a cash balance of $287,000 at the end of December 2025. The company’s cash flow from investing activities was negative, reflecting ongoing investment in plant and equipment, while financing activities showed net inflows consistent with the reported loan drawdowns and repayments.
This transparency in correcting the financing disclosure reinforces Bridge’s commitment to accurate reporting and regulatory compliance. While the oversight was administrative, it highlights the importance of meticulous financial disclosures for investor confidence, especially in the technology sector where funding structures can be complex.
Looking Ahead
Bridge SaaS’s correction does not alter its reported liquidity or operational outlook. The company appears well-positioned with stable financing arrangements and positive operating cash flow. Investors will be watching closely to see if future reports maintain this level of clarity and whether Bridge pursues additional financing to support growth initiatives in the competitive SaaS market.
Bottom Line?
Bridge’s correction restores transparency but underscores the need for vigilance in financial reporting.
Questions in the middle?
- What internal controls will Bridge implement to prevent future disclosure oversights?
- Will Bridge seek additional financing to accelerate growth in 2026?
- How might this correction influence investor confidence in Bridge’s governance?
