Meta Health Limited's latest financial update highlights a difficult trading environment where persistent losses continue to cast significant doubt on the Group's ability to continue as a going concern. Nonetheless, revenue from continuing operations has seen a substantial surge, primarily driven by the contribution of a newly acquired business. The management team is actively addressing these challenges through strategic cost-cutting measures and the finalisation of complex legal settlements related to past irregularities. Despite anticipating stiff competition and cautious customer spending, the Company remains focused on identifying new strategic acquisition opportunities.

• A recent strategic acquisition has completely transformed the Group’s revenue landscape, leading to massive growth in the top line

• Major financial uncertainties plague the outlook, requiring the Board to rely on continuing financial support premises to maintain the going concern assumption

• Cost management and resolving legacy disputes are paramount as the Company implements reduction strategies and secures payment tranches under key settlement agreements