Quickstep Holdings Limited has completed its acquisition by ASDAM Operations Pty Ltd through a scheme of arrangement, resulting in a full board resignation and immediate delisting from the ASX. Shareholders received $0.575 per share as part of the transaction.
Quickstep Holdings reported a $5.8 million net operating cash outflow in Q3 FY25 but bolstered liquidity by securing $6.6 million in customer advances and implementing cost controls.
Quickstep Holdings reports a 21% revenue decline but a 44% EBITDA increase in Q2 FY25, driven by restructuring and strategic progress with Defence contracts.