Bit more from YOW quarterly - KBC loans
Financial and Corporate Overview
• Group net sales for Q3 FY25 was $3.95m down 23.0% versus prior year, with the Ernest Hillier operations generating a profit for the quarter.
• During the quarter, Yowie called in its loan facility with Keybridge Capital Limited (ASX: KBC). On 9 February 2025,Keybridge appointed a voluntary administrator, with the administration ending on 8 May 2025, based on a funding facility provided by Keybridge’s largest shareholder, WAM Active Limited. Yowie is a major creditor of Keybridge and continues to pursue full recovery of the loan balances outstanding (which are currently approximately $4.15 million) and is actively assessing a range of capital management options. Yowie will continue to monitor developments and will update shareholders as further information becomes available
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