AnteoTech expects to increase its unaudited FY2026 loss to $5.38 million after revising the accounting treatment of a lease make-good provision. The adjustment is non-cash, leaving cash and cash flows unchanged, but the audit is still incomplete and the figures may change again.
- Unaudited loss revised to $5.38 million from $4.93 million
- $447,580 reduction in right-of-use assets and net assets
- Cash and cash equivalents unchanged at $5.70 million
- $5.5 million term deposit matures on 18 December 2026
- Audited accounts expected by 30 September 2026
AnteoTech Limited (ASX:ADO) is revising its unaudited FY2026 loss higher by $447,580 after an accounting review of the lease make-good provision attached to its Eight Mile Plains premises. The company now expects to report a loss after tax of $5,375,654 for the year ended 30 June 2026, compared with the $4,928,074 loss published in its 31 August preliminary final report.
Lease Accounting Adjustment Reduces Reported Assets
The change relates to how AnteoTech recorded the derecognition of an earlier make-good provision and the recognition of a revised provision for its premises at 26 Brandl Street. The preliminary report recognised the derecognition through profit or loss; the revised treatment records it against the carrying value of the related right-of-use asset, consistent with Interpretation 1 and AASB 16 Leases.
That accounting treatment reduces right-of-use assets by $447,580, to $2,028,271, and lowers total assets to $14,951,066. Net assets also fall by the same amount to $11,350,958. Basic and diluted loss per share moves from 0.17 cents to 0.19 cents, while net tangible assets per security decline from 0.36 cents to 0.35 cents.
Cash Position Remains Unchanged
The revision does not alter AnteoTech’s cash position, cash flows or the amount or timing of obligations owed to third parties. Cash and cash equivalents stood at $5,700,745 at 30 June 2026, unchanged from the preliminary report. The company also holds a $5.5 million six-month term deposit due to mature on 18 December 2026.
The revised loss changes the year-on-year presentation in the preliminary report: the previously stated 27% reduction in loss becomes a 20% reduction on the revised unaudited figures. That comparison remains provisional, however, because BDO Audit has not completed its audit of the FY2026 financial statements.
Audit Deadline Leaves Room for Further Changes
AnteoTech expects to lodge its audited financial statements and Annual Report with ASX by 30 September 2026. Until then, the revised figures remain unaudited and may change further. The immediate issue for shareholders is therefore less the cash impact of this particular adjustment than whether the completed audit produces any additional changes to the reported loss, asset base or per-share measures.
Bottom Line?
The accounting correction is non-cash, but the final FY2026 numbers remain unfinished until the audit is lodged by 30 September.
Questions in the middle?
- Will the completed audit confirm the revised $5.38 million loss?
- Will any further accounting changes affect net assets or per-share measures?
- How much of the $5.5 million term deposit will remain available after maturity?