How Is InFocus Navigating Rising Losses While Expanding Into Digital Assets and iGaming?
InFocus Group Holdings Limited reported a 37% revenue increase to AUD 2.74 million for H1 FY26, alongside a substantial net loss of nearly AUD 3 million, as it invests in new digital asset and iGaming ventures.
- 37% increase in total revenue to AUD 2.74 million
- Net loss widens by 343% to AUD 2.99 million
- Launch of two subsidiaries targeting digital assets and iGaming
- Operational consolidation of Thailand-based software businesses
- Material uncertainty over going concern status highlighted
Revenue Growth and Loss Expansion
InFocus Group Holdings Limited (ASX: IFG) has reported a notable 37% increase in total revenue for the half-year ended 31 December 2025, reaching AUD 2.74 million. However, this growth was overshadowed by a significant widening of net losses, which ballooned by 343% to nearly AUD 3 million. The results reflect a company in transition, balancing investment in emerging technology sectors with the challenges of scaling its core operations.
Strategic Expansion into Digital Assets and iGaming
During the period, InFocus formalised two new wholly owned subsidiaries: InFocus Digital Ventures Pty Ltd and InFocus Gaming Technologies Pty Ltd. These entities are focused respectively on digital assets, including cryptocurrencies, and the iGaming sector. Both markets are data-intensive and technology-driven, aligning with InFocus’s expertise in software development, data analytics, and business intelligence. The Digital Ventures arm secured a AUD 2.5 million loan facility from Mythos Group, positioning the company to deploy capital into blockchain and frontier technologies.
Operational Consolidation and Leadership Changes
InFocus also advanced operational efficiencies by consolidating its Thailand-based software businesses, Prodigy9 and Onify, under a unified leadership structure. Chakrit Wichian, founder of Prodigy9, was appointed CEO of both entities, aiming to streamline management and enhance cross-selling capabilities. The company invested in scaling sales and marketing teams in Thailand, signalling a strategic push to standardise contracts and foster recurring revenue streams.
Financial Position and Going Concern Concerns
The company’s financial position remains fragile, with net current liabilities of AUD 657,163 and negative cash flow from operations. The independent auditor’s review flagged a material uncertainty regarding InFocus’s ability to continue as a going concern, citing reliance on convertible note financing, director loans, and R&D tax incentives. The Board acknowledges the need for additional funding and prudent capital management to sustain operations and support growth initiatives.
Outlook and Market Positioning
Looking ahead, InFocus aims to strengthen its core enterprise services while selectively advancing its digital assets and iGaming ventures. Key priorities include converting pipeline opportunities into contracted work, optimising funding arrangements, and disciplined execution of new initiatives. The establishment of a Strategic Advisory Board, featuring industry veterans such as John Poynton AO and Leon Sing Foong, underscores the company’s commitment to navigating complex markets and capitalising on emerging technology trends.
Bottom Line?
InFocus’s ambitious pivot into digital assets and iGaming underscores both opportunity and risk as it seeks to stabilise operations and secure its financial footing.
Questions in the middle?
- How will InFocus secure the additional funding needed to mitigate going concern risks?
- What early traction or client engagements have the new digital ventures achieved so far?
- How will operational consolidation in Thailand impact profitability and growth in the near term?
