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Why Did SOCO Take a $4.6M Goodwill Hit Despite Consulting Growth?
4:02pm on Friday 27th of February, 2026 AEDT
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Why Did SOCO Take a $4.6M Goodwill Hit Despite Consulting Growth?
4:02pm on Friday 27th of February, 2026 AEDT
Key Points
12% revenue decline to $9.7 million driven by deferred Federal Government projects
Net loss of $5.93 million includes $4.61 million non-cash goodwill impairment on AxSym
Core consulting and managed services revenue grew 8.2% to $6.56 million
Underlying EBITDA loss of $642,000 stable versus prior period
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SOCO CORPORATION (ASX:SOC)
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