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Blackwell Global Holdings (RTO) briefings
Read that company's published results in release order, newest first.
Blackwell Global Holdings (RTO)FY26Released 28 May 2026
Cash falls to $0.115m as total assets drop below historical range
Revenue fell 77.5% to $0.07m and operating losses widened as RTO's cash shell continues burning capital while it hunts for an acquisition.
Published 20 August 2026
Read briefingBlackwell Global Holdings (RTO)HY26Released 28 November 2025
Cash fell 54.7% to $0.2m as RTO shell still has no acquisition deal
Operating burn moderated, but a year on the company remains a pre-deal cash shell with no announced reverse-takeover target.
Published 19 May 2026
Read briefingBlackwell Global Holdings (RTO)FY25Released 29 May 2025
Loss narrowed 77.6% but operating cash burn widened as H2 deteriorated sharply
Blackwell Global reported a smaller full-year loss, but a severe H2 reversal and deepening cash burn raise questions about near-term survival runway.
Published 19 May 2026
Read briefingBlackwell Global Holdings (RTO)HY25Released 28 November 2024
RTO cleared $0.5m of bond debt while still hunting a reverse takeover
Borrowings fell to nil and equity nearly doubled, but cash dropped 34.6% to NZ$0.5m as the shell continues searching for an acquisition target.
Published 18 May 2026
Read briefingBlackwell Global Holdings (RTO)FY24Released 29 May 2024
Equity fell 59.7% to $0.2m as RTO Limited burns cash hunting for a deal
A name change to RTO Limited signals intent, but the shell has yet to announce a reverse-takeover target while cash and equity continue to erode.
Published 19 May 2026
Read briefingBlackwell Global Holdings (RTO)HY23Released 29 November 2022
Recapitalisation lifts cash to $1.0m and turns equity positive ahead of RTO
The shell carries $1.0m of cash and $0.9m of borrowings after a capitalisation, but operations burned $0.1m of cash with no acquisition target
Published 23 April 2026
Read briefingBlackwell Global Holdings (RTO)FY22Released 30 May 2022
Cash collapsed 92.6% to $0.1m as $1.4m of borrowings were repaid
Net debt rose from $0.4m to $0.8m despite the debt paydown, leaving the shell with thin liquidity ahead of any reverse takeover.
Published 23 April 2026
Read briefingBlackwell Global Holdings (RTO)HY22Released 29 November 2021
HY22 is a pre-RTO shell with $1.5m assets and negative equity
Operations are effectively wound down so HY21 comparatives are non-comparable, leaving shareholder value contingent on reverse takeover execution.
Published 23 April 2026
Read briefingBlackwell Global Holdings (RTO)FY21Released 31 May 2021
Operating cash collapsed 94.3% as equity eroded 61.9% to $0.3m
A narrower $0.4m loss on 21.1% revenue growth is overshadowed by near-total operating cash collapse and a thin equity base following the issuer
Published 23 April 2026
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