Fortifai Ltd
Fortifai Ltd provides software solutions, primarily operating in the Technology sector, with a focus on Software & IT Services.
Business. Fortifai Ltd (FTI.AX) is an Australian company operating in the Oil & Gas industry. The firm generates revenue through a subscription model, with key performance indicators including annual recurring revenue and net revenue retention. Fortifai is listed on the Australian Securities Exchange. Specific details regarding operating segments and geographic breakdowns are not available.
Analyst recommendations
23 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · ServiceNow (NOW)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Fortifai Ltd (FTI.AX) is an Australian company operating in the Oil & Gas industry. The firm generates revenue through a subscription model, with key performance indicators including annual recurring revenue and net revenue retention. Fortifai is listed on the Australian Securities Exchange. Specific details regarding operating segments and geographic breakdowns are not available.
Fortifai Ltd has a capital structure with no long-term debt and a debt-to-equity ratio of 0.0, indicating a purely equity-financed operation. The company's liquidity position is reflected in a current ratio of 4.55, suggesting strong short-term liquidity. However, the company reported negative operating cash flow of -3,784,840 and free cash flow of -1,931,840, indicating ongoing cash outflows from operations.
Profitability metrics show significant underperformance relative to industry norms. The company reported a return on equity of -0.4425 and a return on assets of -0.3424, both of which are negative and suggest poor capital efficiency and asset utilization. These figures are well below the typical performance expected in the Software industry, where positive returns are standard for mature players.
Fortifai Ltd's revenue is concentrated in a single business segment, as disclosed in its financials, with no geographic breakdown provided. The absence of segment or geographic diversification increases exposure to sector-specific risks and limits visibility into regional performance drivers.
The company's growth trajectory is currently negative, with a reported revenue of 4,327,710 and a net loss of 1,990,480. There are no disclosed plans for revenue growth in the next fiscal year, and the negative operating income of -1,868,600 suggests ongoing operational challenges. The lack of capital expenditure (-4,070) indicates minimal investment in future growth.
Risk factors include low liquidity and the absence of immediate dilution pressures. The company has no long-term debt and no dilution flags were detected in recent filings. However, the negative cash flows and equity financing model may limit its ability to scale operations or respond to market opportunities without external capital.
Recent events include the latest financial filing, which shows continued losses and negative cash flows. No significant corporate actions or strategic announcements were disclosed in the available documents. The company's financial health remains a concern, with no clear path to profitability in the near term.
- Fortifai Ltd is currently unprofitable, with a negative return on equity and return on assets.
- The company is entirely equity-financed, with no long-term debt and a strong current ratio.
- There is no geographic or segment diversification disclosed, increasing operational risk.
- The company is experiencing negative cash flows and has no capital expenditure plans.
- No immediate liquidity or dilution risks are present, but financial performance remains a concern.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
- FY2026 — next full year (forecast) · projected off FY2025 close, as of 2025-12-31 · conf —9,1BFORECAST
- FY2026 — next full year (forecast) · projected off FY2025 close, as of 2025-12-31 · conf —1,3BFORECAST
- FY2025 — reported · conf —8,3BREPORTED
- FY2024 — reported · conf —6,8BREPORTED
- FY2024 — reported · conf —1,5BREPORTED
- FY2025 — reported · conf —1,3BREPORTED
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- President, Subsea · Employee Stock Option (right to buy) → Ordinary SharesDisposed 10 873 @ $21,10exercise · 2026-03-09
- President, Subsea · Employee Stock Option (right to buy) → Ordinary SharesDisposed 7 317 @ $25,24exercise · 2026-03-09
- EVP & Chief Technology Officer · Employee Stock Option (right to buy) → Ordinary SharesDisposed 39 108 @ $16,47exercise · 2026-03-09
Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| DEEP ARCTIC | Vessel | — | North Sea | Registered owner |
| Talisk Offshore Wind Project | Power | Power | United Kingdom | Registered owner |
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- Fortifai Ltd Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,80 %$1M
- Investment Managers · as of 2026-03-310,56 %$1 231M
- Investment Managers · as of 2026-03-310,25 %$2M
- Institutional Investor · as of 2026-03-310,18 %$541M
- Funds · as of 2026-03-310,15 %$1 002M
- Investment Managers · as of 2026-03-310,14 %$992M
- Institutional Investor · as of 2026-03-310,12 %$533M
- Investment Managers · as of 2026-03-310,12 %$235M
- Investment Managers · as of 2026-03-310,08 %$110M
- Investment Managers · as of 2026-03-310,07 %$335M
- Institutional Investor · as of 2026-03-310,06 %$1 082M
- Investment Managers · as of 2026-03-310,06 %$230M
- Investment Managers · as of 2026-03-310,05 %$169M
- Investment Managers · as of 2026-03-310,04 %$608M
- Institutional Investor · as of 2026-03-310,04 %$199M
- Investment Managers · as of 2026-03-310,03 %$62M
- Investment Managers · as of 2026-03-310,03 %$240M
- Institutional Investor · as of 2026-03-310,03 %$64M
- Investment Managers · as of 2026-03-310,03 %$896M
- Investment Managers · as of 2026-03-310,03 %$230M
- Investment Managers · as of 2026-03-310,03 %$194M
- Investment Managers · as of 2026-03-310,03 %$166M
- Investment Managers · as of 2026-03-310,03 %$44M
- Investment Managers · as of 2025-12-310,03 %$1 738M
- Investment Managers · as of 2026-03-310,02 %$31M
- Investment Managers · as of 2026-03-310,02 %$37M
- Brokerage Firms · as of 2026-03-310,02 %$64M
- Investment Managers · as of 2024-12-310,02 %$58M
- Investment Managers · as of 2024-06-300,01 %$597M
- Investment Managers · as of 2026-03-310,01 %$216M
- Investment Managers · as of 2026-03-310,01 %$33M
- Investment Managers · as of 2026-03-310,01 %$42M
- Brokerage Firms · as of 2026-03-310,01 %$38M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$2M
Insider activity
- EVP & Chief Financial Officer · Ordinary SharesOther 302 016 · 2026-07-27
- EVP & Chief Technology Officer · Ordinary SharesOther 302 016 · 2026-07-27
- Director, Chair and CEO · Ordinary SharesOther 1 626 240 · 2026-07-27
- Director · Ordinary SharesOther 1 705 · 2026-06-01
- Director · Ordinary SharesSold 6 350 @ $72,79$462K · 2026-05-19
- EVP, New Energy · Ordinary SharesSold 1 870 @ $74,39$139K · 2026-05-05
- Director · Ordinary SharesSold 6 000 @ $74,66$448K · 2026-05-05
- Director · Ordinary SharesSold 4 500 @ $74,66$336K · 2026-05-05
- Director · Ordinary SharesSold 6 350 @ $69,32$440K · 2026-03-24
- EVP & Chief Financial Officer · Ordinary SharesSold 43 554 @ $63,13$2,7M · 2026-03-10
- Director, Chair and CEO · Ordinary SharesSold 247 812 @ $63,12$15,6M · 2026-03-09
- EVP & Chief Technology Officer · Ordinary SharesOther 39 108 @ $16,47$644K · 2026-03-09
- EVP & Chief Technology Officer · Ordinary SharesSold 50 668 @ $61,21$3,1M · 2026-03-09
- EVP & Chief Technology Officer · Ordinary SharesSold 75 850 @ $62,09$4,7M · 2026-03-09
- Director, Chair and CEO · Ordinary SharesSold 318 349 @ $62,10$19,8M · 2026-03-09
- EVP & Chief Technology Officer · Ordinary SharesSold 45 758 @ $63,12$2,9M · 2026-03-09
- President, Subsea · Ordinary SharesOther 7 317 @ $25,24$185K · 2026-03-09
- President, Subsea · Ordinary SharesOther 10 873 @ $21,10$229K · 2026-03-09
- President, Subsea · Ordinary SharesSold 31 568 @ $61,26$1,9M · 2026-03-09
- President, Subsea · Ordinary SharesSold 48 559 @ $62,13$3,0M · 2026-03-09
- President, Subsea · Ordinary SharesSold 36 067 @ $63,13$2,3M · 2026-03-09
- President, Subsea · Ordinary SharesOther 20 768 · 2026-03-09
- EVP, New Energy · Ordinary SharesSold 47 951 @ $62,43$3,0M · 2026-03-09
- EVP & Chief Financial Officer · Ordinary SharesSold 30 532 @ $61,28$1,9M · 2026-03-09
- EVP & Chief Financial Officer · Ordinary SharesSold 53 189 @ $62,14$3,3M · 2026-03-09
Short positioning
Held by funds 1
- BlackRock (iShares) · ETF0,87 %95,0B $ · #35
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Operating income (YoY) (2025-12-31 vs 2024-12-31): 24.1%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.00xDerived (calculated)
- Current ratio (FY 2025-12-31): 1.13xDerived (calculated)
- Return on assets (FY 2025-12-31): 9.5%Derived (calculated)
- Return on equity (FY 2025-12-31): 28.7%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 19.4%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 8.7%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 12.6%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 9.4%Derived (calculated)
- Net margin (FY 2025-12-31): 9.7%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 83.6%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 13.2%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -10.9%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -0.3%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 14.4%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 20.4%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 2.5%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -51.4%Derived (calculated)
- Capex (annual): USD 317.2MSEC XBRL filing
- Operating income (annual): USD 1.44BSEC XBRL filing
- Revenue (annual): USD 9.93BSEC XBRL filing
- Shareholders' equity (annual): USD 3.36BSEC XBRL filing
- Cash & equivalents (annual): USD 1.03BSEC XBRL filing
- Current assets (annual): USD 5.55BSEC XBRL filing