I have rightly been a bear of Wellnex (WNX) ever since it listed on AIM at 31.25p in addition to its listing on the ASX in March of last year.
Interims from the second most famous Aussie Dog after Bluey, about which I have warned so often, Wellnex (WNX), showed some positives with revenue up 8%, gross margins up by 9.4 percentage points and comment that “Business reached operating breakeven in Q2 FY26”. But there is a clear admission that it needs a bailout financing sharpish.
I mix my metaphors but this has been a howler ever since its listing as I have flagged up many times.
It is the mystery of the dog that barked. Yes: there was no bark in today’s trading update from Wellnex (WNX) which, itself, has been an uber dog from Oz ever since securing a dual listing here in Airstrip One
Today ASX and AIM Casino listed Wellnex (WNX) announced the following on its loan repayment from its departing CEO:
I warned explicitly that folks should swerve the 31.75p AIM IPO of Aussie perma dog Wellnex Life (WNX) on March 21 this year. Joint brokers Orana and disgraced SP Angel helped it raise £5.22 million at the IPO, with Strand Hanson acting as Nomad. By May 6 the chairman George Tambassis had quit, on 15th August joint CEO George Karafotia had walked the plank and today…
Today Wellnex (WNX), an Aussie dog I warned about from before day 1 of its AIM Cesspit career this March, released its Preliminary unaudited Final Report for the year ended 30 June 2025. The results which are reported in Australian dollars are dire.
On 21 March 2025 Wellnex (WNX) announced its admission to trading on AIM having raised £5.22 million at 31.75p capitalising this already ASX listed company at £21 million. The day before it paid brown envelope man Zak Mir to do a fawning interview masquerading as journalism, a sure sign that you should avoid the shares, now 26.5p, like the plague.
