ADVERITAS LIMITED (AV1)
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AV1

AV1 - ADVERITAS LIMITED

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: -0.02
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.14

29 Aug
2025

-0.020

OPEN

$0.16

-12.50%

HIGH

$0.16

945,552

LOW

$0.14

TARGET
$0.20 42.9% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
AV1: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 0.9 - 0.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-0.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx7.8 M
Book Value Per Share xxxxxxxxxxxxxxx0.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-2.9 M
Net Profit Margin xxxxxxxxxxxxxxx-90.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-434.55 %
Return on Invested Capital xxxxxxxxxxxxxxx-417.10 %
Return on Assets xxxxxxxxxxxxxxx-81.34 %
Return on Equity xxxxxxxxxxxxxxx-434.55 %
Return on Total Capital xxxxxxxxxxxxxxx-188.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx25.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.29 %
Cost of Goods Sold xxxxxxxxxxxxxxx13 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

29/08/2025

1

Buy

$0.20

42.86%

Adveritas’ FY25 revenue of $7.8m was 7% ahead of Bell Potter’s $7.3m forecast, while both earnings and profit losses were smaller than expected.

Annual recurring revenue (ARR) of $10.5m at June had already been disclosed. Cash stood at $9.5m following the June capital raising, with no debt remaining after the convertible notes were settled, explain the analysts. No dividend was declared.

Management maintains a positive outlook for FY26, highlights Bell Potter, supported by momentum built in FY25. Strategic priorities include expansion into the US, new verticals such as ecommerce, and further product development.

The broker makes modest upgrades to revenue forecasts by 2% in both FY26 and FY27, with no change to FY26 earnings forecasts and a 15% upgrade to FY27 earnings. The target price remains unchanged at 20c. Bell Potter retains a Buy rating.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.40 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.30 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Taylor Collison

12/08/2025

1

Speculative Buy

$0.16

14.29%

Adveritas' annual recurring revenue rose 62% y/y in FY25 to $10.5m and rose further to $10.8m in July, with Taylor Collison commenting the numbers are indicating strong momentum.

Taylor Collison notes free cash flow was weaker than expected at -$3.1m vs its forecast of -$2.2m, but this is due to contract execution timing, not weak demand.

The broker believes the company has a strong footing in the sports betting market and is now moving into a phase where agency and channel partners are expected to drive significant revenue growth.

Speculative Buy. Target trimmed to 16c from 17c on dilution from $8.5m capital raise.

FORECAST
Taylor Collison forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.20 cents.
Access Extra Coverage Research History >

AV1 STOCK CHART

FNArena News on AV1

1
FNArena Corporate Results Monitor – 29-08-2025

Aug 29 2025 - Australia
2
Australian Broker Call *Extra* Edition – Aug 12, 2025

Aug 12 2025 - Daily Market Reports
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Weekly Ratings, Targets, Forecast Changes – 27-06-25

Jun 30 2025 - Weekly Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-06-25

Jun 20 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Jun 16, 2025

Jun 16 2025 - Daily Market Reports

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