Dubber to Reduce Annual Costs by AU$5.3 Million; Shares Up 12%

MT Newswires Live

06/05

Dubber (ASX:DUB) will reduce annual costs by AU$4 million by the end of fiscal first half of 2026, according to a Thursday Australian bourse filing.

The company will save a further AU$1.3 million annually by removing its surplus London real estate.

The company will retain its VMO2 Wholesale SIP contract with no plans for the contract to end, as it agreed with VMO2 for a new side letter to the agreement, where it is guaranteed revenue of at least AU$1.4 million to AU$1.5 million for network mobile recording and Wholesale SIP in fiscal 2026.

The company anticipates having available working capital of at least AU$12 million based on achieving a run-rate cash flow positive by December.

The company added that it has no current intention to raise capital to fund its working capital.

The company's shares rose nearly 12% in recent Thursday trade.

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