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How Is Axtec Navigating Rising Losses to Fuel Its PropTech Ambitions?
11:32am on Friday 27th of February, 2026 AEDT
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Technology
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How Is Axtec Navigating Rising Losses to Fuel Its PropTech Ambitions?
11:32am on Friday 27th of February, 2026 AEDT
Key Points
24% increase in half-year loss after tax to $2.96 million
Completed $1.38 million equity placement with strategic investors
Convertible notes worth $1.28 million committed for debt refinancing
Annualised corporate cost reductions of approximately $400,000
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