ASF Group Limited (ASX:AFA) Reports Quarterly Cash Flow
Quarterly Cash Flow Overview
ASF Group Limited (ASX:AFA) reports a net cash outflow from operating activities of $522,000 for the quarter ended 31 December 2024. The company recorded cash receipts from customers of $333,000 and experienced total payments in various categories, including $342,000 in staff costs and $496,000 in corporate expenses, contributing to an overall challenging quarter.
In its investing activities, ASF Group reported a net cash outflow of $222,000, primarily due to $69,000 spent on property, plant, and equipment and $133,000 on joint venture cash calls related to Dawson West.
Financing Activities
ASF Group raised $2 million in financing activities from borrowings. This brought the total cash and cash equivalents at the end of the quarter to approximately $1.58 million. The company has unused financing facilities available totalling $7.05 million.
Related Party Payments
During the quarter, ASF Group made related party payments amounting to $270,000, which included $191,000 for consulting and director fees, alongside $79,000 for office rentals.
Operational Highlights and Future Outlook
The company aims to continue managing its cash flows effectively while pursuing its strategic initiatives. As of the end of the quarter, ASF Group has estimated funding available for more than 16 quarters, bolstering its capacity for ongoing operational activities.
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