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How Did Prestal Slash Losses Despite a 26% Revenue Drop?

9:16am on Thursday 26th of February, 2026 AEDT Consumer Discretionary
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How Did Prestal Slash Losses Despite a 26% Revenue Drop?

9:16am on Thursday 26th of February, 2026 AEDT
Key Points
  • Statutory net loss narrowed to $0.345 million, down 90.2%
  • Revenue declined 26.3% to $8.944 million amid tough market conditions
  • Freight costs slashed by 31.8%, marketing expenses halved
  • Inventory levels reduced by 20.2%, boosting cash flow
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