AI assistant
ZIMI LIMITED — Interim / Quarterly Report 2026
Apr 29, 2026
66122_rns_2026-04-29_097268cc-e88b-4c13-a12c-fc0397c5769f.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
zimi
Zimi Limited
14 Millennium Circuit
Helensvale QLD 4212 Australia
ASX: ZMM
ABN: 25 113 326 524
www.zimi.life
Registered Office Address
Level 1, 2A/300 Fitzgerald Street
North Perth WA 6006 Australia
ASX RELEASE – 30 APRIL 2026
Quarterly Activities Report and Appendix 4C
Quarterly Highlights
- Major Project Order Secured with Homecorp for Cienna Apartments.
- Substantial Decrease in Operating costs across staff, administration and leases.
- Engineering Team Attends CSA Member Meeting in Japan.
- Launch of 'Ask Zimi' AI Agent for Sales and Support.
Zimi Limited (ASX:ZMM) ("Zimi", or the "Company"), an innovative Australian IoT technology company, enhancing connectivity of electrical devices from homes to high-rises, is pleased to provide its Appendix 4C Quarterly Cash Flow Report and Quarterly Activity Report for the period ended 31 March 2026 along with the following operational summary.
Commercial update
During the March 2026 quarter, the Company generated invoiced revenue of $170,000 (including GST), representing year-on-year growth of 14% on the March 2025 quarter. Customer receipts totalled $454,000 for the quarter, a 64% increase on the $277,000 received in the corresponding period last year.
The Company holds purchase orders totalling $597,000 (including GST) yet to be fulfilled. This includes orders from Homecorp for the Cienna apartments project totalling approximately $547,000 (including GST) for Senoa products, representing Zimi's largest single project order to date. The Company is also engaged in discussions with Homecorp across several further projects currently in the design phase, with the aim of finalising these in due course.
The Company has continued to take proactive steps to reduce its cost base and operating expenditure. Compared to the March 2025 quarter, payments for staff costs decreased by $89,000 (17%), payments for administration and corporate costs decreased by $116,000 (53%), and payments for leased assets decreased by $7,000 (39%).
With manufacturing operations now normalised, the Company is well positioned to allocate resources toward growth initiatives.
zimi
Zimi Limited
14 Millennium Circuit
Helensvale QLD 4212 Australia
ASX: ZMM
ABN: 25 113 326 524
www.zimi.life
Registered Office Address
Level 1, 2A/300 Fitzgerald Street
North Perth WA 6006 Australia
Subsequent events
On Thursday, 30 April 2026, the Company entered a trading halt pending an announcement in relation to a proposed capital raise. Further details will be provided to the market in due course.
Engineering Team Attends CSA Member Meeting in Japan
Zimi engineering leads attended the Connectivity Standards Alliance (CSA) member meeting in Japan during the quarter, renewing the Company's Rapid Recertification credentials. These credentials enable Zimi to deploy firmware updates independently of external test laboratories, expediting product certification timelines and reducing the risk of compliance-related delays. Maintaining this accreditation is a key enabler for the upcoming Senoa Matter product program and supports the Company's broader transition to the Matter ecosystem.
'Ask Zimi' AI Sales and Support Agent
The Company launched its 'Ask Zimi' AI agent during the quarter, now live at zimi.life/ask. The platform provides customers with on-demand, AI-powered answers to product and support queries, improving customer experience through faster response times.
Jordan Tentori, CEO of Zimi, commented:
"The March 2026 quarter delivered year-on-year revenue growth and a meaningful increase in customer receipts, alongside continued cost discipline across the business. Securing our largest ever project order from Homecorp is an encouraging signal of large-scale adoption, as developers embrace simple, affordable smart home solutions that add real value for residents. Smart home technology is increasingly being considered as a standard inclusion in modern residential construction, and Zimi is working to position itself to capitalise on this growing demand."
zimi
Zimi Limited
14 Millennium Circuit
Helensvale QLD 4212 Australia
ASX: ZMM
ABN: 25 113 326 524
www.zimi.life
Registered Office Address
Level 1, 2A/300 Fitzgerald Street
North Perth WA 6006 Australia
Appendix 4C – Quarterly Cash Flow Report:
During the quarter, the Group recorded the following:
- Receipts from customers totalled $454,000 from the sale of products and related services.
- Product manufacturing and operating costs: $161,000 was paid, which included amounts to existing creditors, manufacturers for electronic components, and continuing production costs.
- Payments for research and development represent further development work on new products and enhancements of existing products.
- Staff costs of $439,000 were paid, representing salaries and associated costs for all employees, contractors and the executive director, inclusive of all staff irrespective of their activity type.
- Administration and corporate costs included general company expenses such as ASX fees, share registry, insurance, and taxation, partly offset by GST recovered from the ATO.
- Payments to related parties and their associates totalled $279,000, comprising $124,000 for remuneration (director fees, salaries, and superannuation) and $155,000 for other related party transactions. A breakdown of the other related party transactions in a similar format to the 30 June 2025 Annual Report is provided below.
| During the period | Cash settled |
|---|---|
| 1 January 2026 to 31 March 2026 | $’000 |
| Bell Total Logistics Pty Ltd | |
| Freight, import duties and GST on importation recoverable from the ATO (inclusive of GST) | 36 |
| GSM Retail Australia Pty Ltd | |
| Purchases of finished goods which are to be remitted to 3rd-party manufacturers (no GST) | 69 |
| Zencontrol Ltd | |
| Purchases of finished goods, prototypes and manufacturing costs (no GST) | 50 |
| Total related party transactions excluding remuneration | 155 |
Related Party Disclosures:
Refer to the table below for all sales from Zimi Innovations Pty Ltd to GSM Electrical (Australia) Pty Ltd during the quarter. Sales are approved up to $6m for two years commencing 28 April 2025 and are pursuant to the distribution agreement.
| GSM Electrical (Australia) Pty Ltd - Distribution Agreement | ||
|---|---|---|
| Description | Transaction Date | Amount ($’000) |
| Cumulative Amount to 31 December 2025 (A$) | 1,381 | |
| Sale of Electrical Products (Powermesh) | 12-Jan-26 | 3 |
| Sale of Electrical Products (Senoa) | 13-Feb-26 | 38 |
| Sale of Electrical Products (Connect) | 20-Feb-26 | 37 |
zimi
Zimi Limited
14 Millennium Circuit
Helensvale QLD 4212 Australia
ASX: ZMM
ABN: 25 113 326 524
www.zimi.life
Registered Office Address
Level 1, 2A/300 Fitzgerald Street
North Perth WA 6006 Australia
Sales Return of Electrical Products (Senoa) 03-Mar-26 (10)
Sale of Electrical Products (Powermesh) 26-Mar-26 58
Cumulative Amount to 31 March 2026 (A$) 1,507
Approved Maximum (A$) 6,000
Balance Remaining (A$) 4,493
All sales are pursuant to the distribution agreement between Zimi Innovations Pty Ltd and GSM Electrical (Australia) Pty Ltd. Approved up to $6m for two years commencing 28 April 2025.
Sales from Zimi Innovations Pty Ltd to Zencontrol Ltd are approved up to $6m for a two-year period commencing 28 April 2025. No sales have been made to date.
Refer to the table below for all purchases from Zencontrol Ltd during the quarter. Purchases are approved up to $4m for two years commencing 28 April 2025 and are pursuant to the manufacturing agreement.
| Zencontrol Limited - Manufacturing Agreement | ||
|---|---|---|
| Description | Transaction Date | Amount ($'000) |
| Cumulative Amount to 31 December 2025 (A$) | 643 | |
| Manufacture of Prototype/Sample (Senoa) | 30-Jan-26 | 2 |
| Manufacturing costs (Senoa) | 31-Jan-26 | 1 |
| Manufacture of Prototype/Sample (Senoa) | 05-Feb-26 | 1 |
| Manufacture of Finished Goods (Senoa) | 13-Feb-26 | 106 |
| Manufacture of Finished Goods (Senoa) | 31-Mar-26 | 36 |
Cumulative Amount to 31 March 2026 (A$) 790
Approved Maximum (A$) 4,000
Balance Remaining (A$) 3,210
All purchases are pursuant to the manufacturing agreement between Zimi Innovations Pty Ltd and Zencontrol Ltd. Approved up to $4m for two years commencing 28 April 2025.
The sales to and purchases from related parties have been undertaken in accordance with the pricing parameters and formulas provided by RSM Corporate Australia Pty Ltd in the Independent Expert Report (as contained in the Notice of General Meeting for the meeting held 28 April 2025) for each of the above agreements respectively.
zimi
Zimi Limited
14 Millennium Circuit
Helensvale QLD 4212 Australia
ASX: ZMM
ABN: 25 113 326 524
www.zimi.life
Registered Office Address
Level 1, 2A/300 Fitzgerald Street
North Perth WA 6006 Australia
Refer to 30 June 2025 Annual Report for further information relating the nature of related party transactions.
Refer to the attached Appendix 4C for further details on cash flows for the quarter.
- Ends -
This release has been approved by the Board.
Further information:
Jordan Tentori | CEO | [email protected] | +61 412 589 952
Investor and Media enquiries: [email protected]
About Zimi
Zimi Limited (ASX: ZMM) is an Australian technology company focused on creating smarter living and working environments by connecting everyday electrical products to the Internet and to each other. The company's product lines, including Powermesh and Senoa, feature smarter switches, light dimmers, power points, fan controllers, and garage door controllers, and smarter safety devices that enable smarter products to create smarter homes as market demand for smart home technology continues to increase.
The company develops in the smart home space and works with the smart home ecosystems of tech giants who are driving Matter, the new global standard to simplify smart homes.
Operating across a multi-billion-dollar opportunity within the Australian market alone, the company reaches customers through leading wholesale, commercial, retail, and trade channels, with partners such as Trader, Steel-Line, Beacon Lighting, Lighting Illusions and Zencontrol.
The company continues to expand its product offerings into new sectors with compatibility with the smart ecosystems of the tech giants. Global expansion opportunities represent future potential for the company. As the Internet of Things (IoT) in the home continues to grow, Zimi is well-positioned for the vast opportunities this rapidly evolving market presents.
To learn more, please visit: www.zimi.life
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
ZIMI LIMITED
ABN
25 113 326 524
Quarter ended ("current quarter")
31 MARCH 2026
| Consolidated statement of cash flows | Current quarter
$A'000 | Year to date
(9 months)
$A'000 |
| --- | --- | --- |
| 1. Cash flows from operating activities | | |
| 1.1 Receipts from customers | 454 | 1,762 |
| 1.2 Payments for | | |
| (a) research and development | (4) | (10) |
| (b) product manufacturing and operating costs | (161) | (1,219) |
| (c) advertising and marketing | (2) | (8) |
| (d) leased assets | (11) | (75) |
| (e) staff costs | (439) | (1,487) |
| (f) administration and corporate costs | (104) | (685) |
| 1.3 Dividends received (see note 3) | - | - |
| 1.4 Interest received | 1 | 2 |
| 1.5 Interest and other costs of finance paid | (4) | (44) |
| 1.6 Income taxes paid | - | - |
| 1.7 Government grants and tax incentives | - | 758 |
| 1.8 Other (provide details if material) | - | - |
| 1.9 Net cash from / (used in) operating activities | (270) | (1,006) |
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
| 2. | Cash flows from investing activities | ||
|---|---|---|---|
| 2.1 | Payments to acquire or for: | ||
| (a) entities | - | - | |
| (b) businesses | - | - | |
| (c) property, plant and equipment | - | (6) | |
| (d) investments | - | - | |
| (e) intellectual property and development | (12) | (122) | |
| (f) other non-current assets | - | - | |
| 2.2 | Proceeds from disposal of: | ||
| (a) entities | - | - | |
| (b) businesses | - | - | |
| (c) property, plant and equipment | - | - | |
| (d) investments | - | - | |
| (e) intellectual property | - | - | |
| (f) other non-current assets | - | - | |
| 2.3 | Cash flows from loans to other entities | - | - |
| 2.4 | Dividends received (see note 3) | - | - |
| 2.5 | Other (provide details if material) | - | - |
| 2.6 | Net cash from / (used in) investing activities | (12) | (128) |
| 3. | Cash flows from financing activities | ||
| --- | --- | --- | --- |
| 3.1 | Proceeds from issues of equity securities (excluding convertible debt securities) | - | 1,851 |
| 3.2 | Proceeds from issue of convertible debt securities | - | - |
| 3.3 | Proceeds from exercise of options | - | - |
| 3.4 | Transaction costs related to issues of equity securities or convertible debt securities | (2) | (154) |
| 3.5 | Proceeds from borrowings | - | - |
| 3.6 | Repayment of borrowings | - | (404) |
| 3.7 | Transaction costs related to loans and borrowings | - | - |
| 3.8 | Dividends paid | - | - |
| 3.9 | Other: Principal elements of lease payments | (24) | (93) |
| 3.10 | Net cash from / (used in) financing activities | (26) | 1,200 |
Page 2
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
| 4. | Net increase / (decrease) in cash and cash equivalents for the period | ||
|---|---|---|---|
| 4.1 | Cash and cash equivalents at beginning of period | 584 | 215 |
| 4.2 | Net cash from / (used in) operating activities (item 1.9 above) | (270) | (1,006) |
| 4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (12) | (128) |
| 4.4 | Net cash from / (used in) financing activities (item 3.10 above) | (26) | 1,200 |
| 4.5 | Effect of movement in exchange rates on cash held | (3) | (8) |
| 4.6 | Cash and cash equivalents at end of period | 273 | 273 |
| 5. | Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $A'000 | Previous quarter $A'000 |
| --- | --- | --- | --- |
| 5.1 | Bank balances | 273 | 584 |
| 5.2 | Call deposits | - | - |
| 5.3 | Bank overdrafts | - | - |
| 5.4 | Other: Restricted | - | - |
| 5.5 | Cash and cash equivalents at end of quarter (should equal item 4.6 above) | 273 | 584 |
| 6. | Payments to related parties of the entity and their associates | Current quarter $A'000 | |
| --- | --- | --- | |
| 6.1 | Aggregate amount of payments to related parties and their associates included in item 1 | 279 | |
| 6.2 | Aggregate amount of payments to related parties and their associates included in item 2 | - | |
| Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
| 7. | Financing facilities
Note: the term “facility” includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity. | Total facility amount at quarter end $A'000 | Amount drawn at quarter end $A'000 |
| --- | --- | --- | --- |
| 7.1 | Loan facilities | - | - |
| 7.2 | Credit standby arrangements | - | - |
| 7.3 | Other: R&D Pre-funding | - | - |
| 7.4 | Total financing facilities | - | - |
| 7.5 | Unused financing facilities available at quarter end | - | |
| 7.6 | Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. | | |
| | N/A | | |
Page 4
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
| 8. | Estimated cash available for future operating activities | $A'000 |
|---|---|---|
| 8.1 | Net cash from / (used in) operating activities (item 1.9) | (270) |
| 8.2 | Cash and cash equivalents at quarter end (item 4.6) | 273 |
| 8.3 | Unused finance facilities available at quarter end (item 7.5) | - |
| 8.4 | Total available funding (item 8.2 + item 8.3) | 273 |
| 8.5 | Estimated quarters of funding available (item 8.4 divided by item 8.1) | 1.0 |
| Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5. | ||
| 8.6 | If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? | |
| Answer: No. The Company does not expect to maintain the current level of net operating cash outflows. As the Company continues to grow its revenue base, cash outflows are expected to reduce progressively over the coming quarters. The Directors are focused on driving revenue growth and managing operating costs to improve the Company's cash flow position. | ||
| 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? | ||
| Answer: Yes. The Company has requested a trading halt pending an announcement in relation to a proposed capital raising. The Directors are working towards completing the capital raise in the near term and are confident that the proceeds, combined with the cash balance of $273,000 at quarter end, will provide the Company with sufficient working capital to fund its operations and continue executing its business objectives. Further details will be announced to the market in due course. In addition, the Board continues to review operating expenditure and cash management initiatives to support the Company's funding position. | ||
| 8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? | ||
| Answer: Yes. The Directors are confident the Company will be able to continue its operations and meet its business objectives. The Company held a cash balance of $273,000 at quarter end and has requested a trading halt pending an announcement in relation to the proposed capital raising referred to in 8.6.2. The Directors are satisfied that there is a reasonable basis to believe that funds will be raised from a proposed capital raising. Subject to completion of a capital raise, the Directors believe the Company will have sufficient resources to continue executing its strategy. The Board continues to actively monitor the Company's cash position and will take further steps as necessary. | ||
| Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered. |
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Compliance statement
- This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
- This statement gives a true and fair view of the matters disclosed.
Date: 30 April 2026
Authorised by: By the Board
Page 6
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Notes
-
This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
-
If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.
-
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
-
If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board". If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee – eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
-
If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.
Page 7