BREAKING:

Meta Health Limited's latest financial update highlights a difficult trading environment where persistent losses continue to cast significant doubt on the Group's ability to continue as a going concern. Nonetheless, revenue from continuing operations has seen a substantial surge, primarily driven by the contribution of a newly acquired business. The management team is actively addressing these challenges through strategic cost-cutting measures and the finalisation of complex legal settlements related to past irregularities. Despite anticipating stiff competition and cautious customer spending, the Company remains focused on identifying new strategic acquisition opportunities.

• A recent strategic acquisition has completely transformed the Group’s revenue landscape, leading to massive growth in the top line

• Major financial uncertainties plague the outlook, requiring the Board to rely on continuing financial support premises to maintain the going concern assumption

• Cost management and resolving legacy disputes are paramount as the Company implements reduction strategies and secures payment tranches under key settlement agreements

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BREAKING:

Meta Health Limited's unaudited Q1 2025 financial report highlights a material uncertainty regarding the Group's ability to continue as a going concern, necessitating these detailed disclosures. The Group has now fully transitioned its focus to the healthcare business following the completion of a significant divestment, and it reported a reduced loss for the period compared to the previous year. Efforts include cost-reduction strategies and an undertaking for continuing financial support from a controlling shareholder, while the Company also actively seeks new acquisitions.

• The latest financial statement reveals a significant concern about the company's future operational stability
• The Group has undergone a strategic transformation, now singularly concentrated on its healthcare activities with plans for further expansion
• Despite challenges, the company is implementing key initiatives and has secured vital backing to navigate its financial landscape

There will be an EGM on

Event dates:

For more information, click here: META HEALTH LIMITED 2023 EGM

There will be an EGM on

Event dates:

For more information, click here: META HEALTH LIMITED 2023 EGM