Linius Technologies (ASX:LNU) is extending its ongoing cost review into fiscal 2026, targeting further reductions in engineering, product, corporate overhead, and administration costs, according to a Thursday Australian bourse filing.
The company said the initiative will also include combining roles to focus on sales, per the filing.
In the same filing, the company said that Chair Gerard Bongiorno plans to retire and remain in his role until a successor is appointed.
The company has withdrawn several resolutions related to convertible notes and incentives tied to departing directors from its upcoming shareholder meeting, slightly reducing capital raising commitments but leaving other business and proxy votes unaffected, the filing added.
Linius Technologies' shares hit a 52-week low in recent Thursday trade.
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