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Based on the information provided in the report, here are some key points about Netlinkz Limited’s financial position:

Increased Revenue: The company saw a 4% increase in revenue from ordinary activities, reaching $21.6 million for the year ended 30 June 2024.

Significant Losses: Despite the revenue increase, Netlinkz reported a net comprehensive loss of $16.1 million, which is a 34% increase in losses compared to the previous year.

Debt and Liabilities: The company has significant borrowings and current liabilities, with total liabilities exceeding total assets, resulting in negative net assets of $3.3 million.

Going Concern: The report mentions a material uncertainty regarding the company’s ability to continue as a going concern, highlighting the need for restructuring and additional funding.

Overall, these points suggest that Netlinkz is currently in a poor financial position.