SIV Capital Posts $86K Operating Cash Outflow Holding $7.87M Cash
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12:52pm on Wednesday 29th of April, 2026 AEST ~12pm, 29th Apr, 26
SIV Capital Limited recorded a negative operating cash flow of $86,000 for the March quarter, holding $7.87 million in cash as it pursues a slow-moving re-listing on the ASX. Its securities remain suspended since December 2024.
- Negative $86k operating cash flow in Q3 FY26
- Cash reserves steady at $7.87 million
- No investing or financing cash activity recorded
- Directors’ fees payments total $50k for the quarter
- ASX re-listing application lodged but progress remains slow
Operating Cash Flow Remains Negative
SIV Capital Limited (ASX:SIV) posted a net cash outflow from operating activities of $86,000 in the March quarter, contributing to a cumulative nine-month operating deficit of $311,000. This continues a trend of modest but consistent cash burn, with no investing or financing cash flows recorded during the quarter. Despite this, the company maintains a robust cash position, holding $7.866 million in cash and cash equivalents at quarter end.
Payments to related parties, primarily directors’ fees, amounted to $50,000 during the quarter, consistent with previous periods. Administrative and legal costs remain the main drains on cash, with legal expenses of $47,000 and other administrative costs totaling $177,000.
ASX Suspension and Re-Listing Efforts Continue
SIV’s securities have been suspended from ASX quotation since December 2024 due to the exchange’s determination that the company’s operations were insufficient to warrant continued listing. The company lodged an application to re-list its securities, initiating a process expected to take several months. Negotiations referenced in the chairman’s address at the October 2025 AGM remain ongoing but have been protracted.
While the company remains compliant with continuous disclosure requirements, the timeline for reinstatement on the ASX remains uncertain. The suspension has effectively sidelined the company from active trading, limiting liquidity and market participation for shareholders.
Financial Position and Market Implications
With an estimated 91 quarters of funding available based on current cash burn, SIV Capital is financially stable in the short to medium term. However, the lack of operating revenue and ongoing cash outflows highlight the company’s reliance on its cash reserves to sustain operations. The absence of investing and financing activities suggests a holding pattern as the company focuses on resolving its listing status.
This filing follows earlier reports of similar cash flow patterns and ongoing ASX suspension, including the negative operating cash flow in December quarter and the loss widening amid suspension earlier in the financial year. The company’s ability to progress its re-listing and return to active operations will be key to restoring shareholder value and market confidence.
Bottom Line?
SIV Capital’s steady cash reserves provide a buffer, but the drawn-out ASX re-listing process and ongoing cash burn keep the company in a holding pattern with uncertain timing for market re-entry.
Questions in the middle?
- How will the company accelerate its re-listing given the protracted negotiations?
- What operational changes or revenue sources might emerge to reduce cash burn?
- Could further capital raising be required if the suspension persists beyond several months?
