Greenwing’s three-project strategy faces a sharper funding test after FY2026 loss

• $3.90 million FY2026 net loss, versus a $1.60 million profit in FY2025
• $2.23 million non-cash impairment reduces Graphmada development assets to nil
• Auditor highlights material uncertainty over going concern
• $2.91 million cash balance against $3.83 million of near-term commitments