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6-K 1 ea0303772-6k_immuron.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of August 2026

 

Commission File Number: 001-38104

 

IMMURON LIMITED

(Name of Registrant)

 

Level 3, 62 Lygon Street, Carlton South, Victoria, 3053, Australia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐       No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

 

 

 

 

 

IMMURON LIMITED

 

EXPLANATORY NOTE

 

Immuron Limited (the “Company”) published two announcements (the “Public Notices”) to the Australian Securities Exchange on August 28, 2026 titled:

 

  - Appendix 4E Preliminary Final Report
  - FY26 Results Presentation

 

A copy of the Public Notices is attached as an exhibit to this report on Form 6-K.

 

This report on Form 6-K (including the exhibit hereto) shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 

1

 

 

EXHIBITS

 

Exhibit
Number
  Description
99.1    Appendix 4E Preliminary Final Report
99.2   FY26 Results Presentation

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  IMMURON LIMITED
     
Date: August 28, 2026 By: /s/ Olga Smejkalova
    Olga Smejkalova
    Company Secretary

 

3

 

EX-99.1 2 ea030377201ex99-1.htm APPENDIX 4E PRELIMINARY FINAL REPORT

Exhibit 99.1

 

Immuron Limited

Appendix 4E

Preliminary final report

 

 

1. Company details

 

Name of entity:

ABN:

Reporting period:

Previous period:

Immuron Limited

80 063 114 045

For the year ended 30 June 2026

For the year ended 30 June 2025

 

 

 

2. Results for announcement to the market

 

                $  
Revenue from ordinary activities     up   5.9 % to     7,713,601  
Loss from ordinary activities after tax attributable to the members of Immuron Limited     down   26.4 % to     (3,838,699 )
Loss for the year attributable to the members of Immuron Limited     down   26.4 % to     (3,838,699 )

 

 

 

3. Net tangible assets

 

    Consolidated  
    2026     2025  
    Cents     Cents  
Net tangible asset backing (per security)     3.35       3.45  

 

The calculation of net tangible assets excludes right-of-use assets arising from AASB 16 Leases.

 

 

 

4. Explanation of results

 

The reported loss after tax of the current financial year of $3,838,699 (2025: $5,215,987) is after fully expensing the company’s research and development expenditure of $1,933,440 incurred during the year (2025: $3,597,296). Of which, $339,819 (2025: $124,164) was funded by the R&D grant from Henry M Jackson Foundation (HJF).

 

The revenue from contracts with customers for the year was $7,713,601, which is an increase of 5.9% from the prior financial year (2025: $7,287,002), primarily due to the sales increase in the Australian and North American markets for Travelan®. We anticipate that revenues from sales of our Travelan® product will continue to increase in the future.

 

As at 30 June 2026, the company’s cash position was $9,017,814 (30 June 2025: $2,830,526). The company had trade and other receivables of $1,250,418 (30 June 2025: $1,925,593). This receivables amount includes future receivables from the Australian Government under the R&D Tax Incentive program. The company had other current assets of $258,197 (30 June 2025: $3,486,744).

 

The preliminary final report follows, with the further details to be included in the audited financial statements to be released by 30 September 2026.

 

 

Immuron Limited

Appendix 4E

Preliminary final report

 

 

5. Distributions

 

No dividends have been paid or declared by the company for the current financial year. No dividends were paid for the previous financial year.

 

 

 

6. Changes in controlled entities

 

There have been no changes in controlled entities during the year ended 30 June 2026.

 

 

 

7. Details of associates and joint venture entities

 

        Ownership interest held by
the Group
 
        2026     2025  
Name of entity   Place of business/country of incorporation     %         %    
Ateria Health Limited   United Kingdom     23.61 %     23.61 %

 

As at 30 June 2026, Immuron has a 23.61% interest in Ateria Health Limited. Immuron is deemed to have significant influence over Ateria Health Limited.

 

 

 

8. Audit

 

The financial statements of Immuron Limited (the group) are currently in the process of being audited. Audited financial statements along with the independent auditor report for the year end 30 June 2026 is expected to be released by the end of September 2026.

 

 

Immuron Limited

Consolidated statement of profit or loss and other comprehensive income

For the year ended 30 June 2026

 

          Consolidated  
    Note    

2026

   

2025

 
            $       $  
Revenue from contracts with customers   1       7,713,601       7,287,002  
Cost of goods sold           (2,738,529 )     (2,521,903 )
Gross profit           4,975,072       4,765,099  
                       
Other income   2       1,011,169       1,411,505  
Other (losses)/gains           (285,115 )     12,183  
            726,054       1,423,688  
Expenses                      

General and administrative expenses

          (4,305,555 )     (4,483,623 )
Research and development expenses           (1,933,440 )     (3,597,296 )
Selling and marketing expenses           (3,471,556 )     (3,452,416 )
                       
Operating loss           (4,009,425 )     (5,344,548 )
                       
Finance income           185,438       135,866  
Finance expenses           (14,712 )     (7,305 )
                       
Loss before income tax expense           (3,838,699 )     (5,215,987 )
                       
Income tax expense           -       -  
                       
Loss after income tax expense for the year attributable to the members of Immuron Limited           (3,838,699 )     (5,215,987 )
                       
Other comprehensive income/(loss)                      
                       
Items that may be reclassified subsequently to profit or loss                      

Exchange differences on translation of foreign operations income/(expense)

          16,311       (1,358 )
                       
Other comprehensive income/(loss) for the year           16,311       (1,358 )
                       
Total comprehensive loss for the year           (3,822,388 )     (5,217,345 )
Loss per share for profit attributable to the ordinary equity holders of the company:          

 

Cents

     

 

Cents

 
                       
Basic and diluted loss per share           (1.29 )     (2.26 )

 

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes

 

1

 

Immuron Limited

Consolidated statement of financial position

As at 30 June 2026

 

          Consolidated  
    Note    

2026

   

2025

 
            $       $  
Assets                      
Current assets                      
Cash and cash equivalents           9,017,814       2,830,526  
Trade and other receivables   3       1,250,418       1,925,593  
Inventories           2,273,848       1,772,363  
Other current assets   4       258,197       3,486,744  
Total current assets           12,800,277       10,015,226  
                       
Non-current assets                      

Property, plant and equipment

          9,325       10,074  
Right-of-use assets           183,396       103,876  
Inventories           -       666  
Total non-current assets           192,721       114,616  
Total assets           12,992,998       10,129,842  
                       
Liabilities                      
                       
Current liabilities                      
Trade and other payables           1,345,485       1,529,435  
Employee benefits           409,433       391,503  
Lease liabilities           30,606       45,272  
Total current liabilities           1,785,524       1,966,210  
                       
Non-current liabilities                      

Employee benefits

          42,210       22,722  
Lease liabilities           158,937       71,855  
Total non-current liabilities           201,147       94,577  
Total liabilities           1,986,671       2,060,787  
Net assets           11,006,327       8,069,055  
                       
Equity                      

Share capital

  5       95,655,688       88,872,756  
Reserves   6       479,493       1,639,504  
Accumulated losses           (85,128,854 )     (82,443,205 )
Total equity           11,006,327       8,069,055  

 

The above consolidated statement of financial position should be read in conjunction with the accompanying notes

 

2

 

Immuron Limited

Consolidated statement of changes in equity

For the year ended 30 June 2026

 

Consolidated   Issued capital    

 

Reserves

    Accumulated
losses
   

 

Total equity

 
  $     $     $     $  
Balance at 1 July 2024     88,504,043       3,173,797       (78,968,396 )     12,709,444  
Loss after income tax expense for the year     -       -       (5,215,987 )     (5,215,987 )
Other comprehensive loss for the year     -       (1,358 )     -       (1,358 )
Total comprehensive loss for the year     -       (1,358 )     (5,215,987 )     (5,217,345 )
Transactions with members in their capacity as members:                                

Shares issued, net of transaction costs

    272,713       -       -       272,713  
Options and warrants issued/expensed (net of adjustments)     -       64,755       -       64,755  
Options and warrants lapsed/expired     -       (1,741,178 )     1,741,178       -  
Performance rights issued/expensed     -       239,488       -       239,488  
Performance rights exercised     96,000       (96,000 )     -       -  
Balance at 30 June 2025     88,872,756       1,639,504       (82,443,205 )     8,069,055  

 

Consolidated   Issued capital    

 

Reserves

    Accumulated
losses
   

 

Total equity

 
  $     $     $     $  
Balance at 1 July 2025     88,872,756       1,639,504       (82,443,205 )     8,069,055  
Loss after income tax expense for the year     -       -       (3,838,699 )     (3,838,699 )
Other comprehensive income for the year     -       16,311       -       16,311  
Total comprehensive loss for the year     -       16,311       (3,838,699 )     (3,822,388 )
Transactions with members in their capacity as members:                                

Shares issued, net of transaction costs (note 5)

    6,655,572       -       -       6,655,572  
Options issued/expensed (note 6)     -       80,237       -       80,237  
Options and warrants expired (note 6)     -       (1,153,050 )     1,153,050       -  
Performance rights issued/expensed (note 6)     -       213,023       -       213,023  
Performance rights exercised (note 6)     249,137       (249,137 )     -       -  
Performance rights forfeited (note 6)     -       (67,395 )     -       (67,395 )
Shares cancelled pursuant to the buy-back of unmarketable parcels (note 5)     (121,777 )     -       -       (121,777 )
Balance at 30 June 2026     95,655,688       479,493       (85,128,854 )     11,006,327  

 

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes

 

3

 

Immuron Limited

Consolidated statement of cash flows

For the year ended 30 June 2026

 

    Consolidated  
   

2026

   

2025

 
  $     $  
Cash flows from operating activities                
Receipts from customers (inclusive of GST)     8,479,637       7,592,577  
Payments to suppliers (inclusive of GST)     (13,189,690 )     (14,772,687 )
Australian R&D tax incentive refund     1,110,514       768,433  
Grants received from government and non-government sources     339,819       274,728  
Net cash used in operating activities     (3,259,720 )     (6,136,949 )
                 
Cash flows from investing activities                
Payment for property, plant and equipment     (4,752 )     -  
Proceeds/payments for term deposit     3,036,278       (3,036,278 )
Interest received     209,126       135,866  
Net cash from/(used in) investing activities     3,240,652       (2,900,412 )
                 
Cash flows from financing activities                

Proceeds from issues of shares

    7,148,698       396,827  
Payments for share buy-backs     (121,777 )     -  
Share issue transaction costs     (493,126 )     (124,114 )
Principal elements of lease payments     (43,923 )     (65,661 )
Interest and other costs of finance paid     (14,712 )     (7,305 )
Net cash from financing activities     6,475,160       199,747  
                 
Net increase/(decrease) in cash and cash equivalents     6,456,092       (8,837,614 )
Cash and cash equivalents at the beginning of the financial year     2,830,526       11,657,315  
Effects of exchange rate changes on cash and cash equivalents     (268,804 )     10,825  
Cash and cash equivalents at the end of the financial year     9,017,814       2,830,526  

 

The above consolidated statement of cash flows should be read in conjunction with the accompanying notes

 

4

 

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

1. Revenue from contracts with customers

 

The Group derives revenue from the transfer of hyperimmune products at a point in time in the following major product lines and geographical regions:

 

    Consolidated  
    2026     2025  
  $     $  
Hyperimmune products revenue                
Travelan - Australia     5,672,501       5,201,385  
Travelan - United States     1,768,411       1,658,336  
Travelan - Canada     165,669       378,706  
Protectyn - Australia     21,799       48,575  
ProIBS - Australia     85,221       -  
Revenue from external customers     7,713,601       7,287,002  

 

2. Other income 

 

    Consolidated  
    2026     2025  
    $     $  
Australian R&D tax incentive refund (i)     623,613       1,110,577  
MTEC R&D grant     -       146,252  
HJF R&D grant     339,819       124,164  
Other income     47,737       30,512  
      1,011,169       1,411,505  

 

(i) Fair value of Australian R&D tax incentive

 

The Group’s research and development (R&D) activities are eligible under an Australian government tax incentive for eligible expenditure. Management has assessed these activities and expenditure to determine which are likely to be eligible under the incentive scheme. Amounts are recognised when it has been established that the conditions of the tax incentive have been met and that the expected amount can be reliably measured. For the year ended 30 June 2026, the Group has included an item in other income of $623,613 (2025: $1,110,577).

 

3. Trade and other receivables

 

    Consolidated  
   

2026

   

2025

 
    $     $  
Current assets            
Trade receivables     638,773       826,857  
Less: Allowance for expected credit losses     (11,968 )     (35,466 )
      626,805       791,391  
Accrued income - Australian R&D tax incentive refund     623,613       1,110,514  
Other receivables     -       23,688  
      1,250,418       1,925,593  

 

5

 

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

3. Trade and other receivables (continued)

 

Classification as trade receivables

 

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement within 30 days and therefore are all classified as current. Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are recognised at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortised cost using the effective interest method.

 

Accrued receivables

 

These amounts primarily comprise receivables from the Australian Taxation Office in relation to the R&D tax incentive.

 

Fair value of trade and other receivables

 

Due to the short-term nature of the current receivables, their carrying amount is considered to be the same as their fair value.

 

4. Other current assets

 

    Consolidated  
    2026     2025  
    $     $  
Prepayments     258,197       442,800  
Term deposits     -       3,036,278  
Other current assets     -       7,666  
      258,197       3,486,744  

 

For the year ended 30 June 2025, the Group entered into a 90-day fixed term deposit, which matured on 27 July 2025. Term deposits are presented as Other Current Assets as they are not considered highly liquid instruments readily convertible to cash and cash equivalents. The deposit was held to maturity in accordance with the Group’s investment policy.

 

5. Share capital

 

    Consolidated  
    2026     2025     2026     2025  
    Shares     Shares     $     $  
Ordinary shares - fully paid     322,848,081       233,959,013       105,858,005       98,581,947  
Transaction costs arising on ordinary share issues                     (10,202,317 )     (9,709,191 )
      322,848,081       233,959,013       95,655,688       88,872,756  

 

6

 

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

5. Share capital (continued) 

 

Movements in ordinary shares:

 

  Shares     $  
Opening balance 1 July 2024     227,998,346       88,504,043  
Issue of shares on the exercise of performance rights at $0.0 per share (2024-10-07)     1,147,083       83,000  
Issue at US$2.1784 pursuant to At The Market facility (2025-01-08)     2,579,760       226,567  
Issue at US$2.0971 pursuant to At The Market facility (2025-01-15)     1,801,680       152,300  
Issue of shares on the exercise of performance rights at $0.0 per share (2025-04-10)     179,664       13,000  
Issue at US$1.8435 pursuant to At The Market facility (2025-05-29)     135,800       9,744  
Issue at US$1.8286 pursuant to At The Market facility (2025-06-03)     116,680       8,216  
Less: Transaction costs arising on share issues             (124,114 )
Balance at 30 June 2025     233,959,013       88,872,756  
Issue at US$1.8939 pursuant to At the Market facility (2025-07-17)     877,440       63,351  
Issue at US$1.8782 pursuant to At the Market facility (2025-07-18)     473,880       34,072  
Issue at US$2.1374 pursuant to At the Market facility (2025-07-21)     32,909,640       2,711,754  
Issue at US$2.3008 pursuant to At the Market facility (2025-10-20)     1,133,840       100,458  
Issue at US$1.9631 pursuant to At the Market facility (2025-11-07)     8,495,080       642,228  
Issue at US$2.0809 pursuant to At the Market facility (2025-12-05)     45,472,000       3,596,835  
Issue of shares on the exercise of performance rights at $0.0 per share (2025-12-11)     1,874,964       141,890  
Issue of shares on the exercise of performance rights at $0.0 per share (2025-12-15)     1,142,909       83,251  
Issue of shares on the exercise of performance rights at $0.0 per share (2025-12-16)     314,843       23,996  
Shares cancelled pursuant to the buy-back of unmarketable parcels (2026-06-29)     (3,805,528 )     (121,777 )
Less: Transaction costs arising on share issues             (493,126 )
Balance at 30 June 2026     322,848,081       95,655,688  

 

Rights of each type of share

 

Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the company in proportion to the number of shares held. On a show of hands every holder of ordinary shares present at a meeting or by proxy, is entitled to one vote upon a poll every holder is entitled to one vote per share held. The ordinary shares have no par value.

 

7

 

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

6. Reserves

 

Consolidated   Share-based
payments
    Foreign
currency
translation
    Total  
    $     $     $  
Balance at 1 July 2024   3,059,321     114,476     3,173,797  
Currency translation differences     -       (1,358 )     (1,358 )
Options and warrants issued/expensed (net of adjustments)     64,755       -       64,755  
Options and warrants lapsed/expired     (1,741,178 )     -       (1,741,178 )
Performance rights issued/expensed     239,488       -       239,488  
Performance rights exercised     (96,000 )     -       (96,000 )
Balance at 30 June 2025     1,526,386       113,118       1,639,504  
Currency translation differences     -       16,311       16,311  
                         
Transactions with owners in their capacity as owners:                        

Options issued/expensed (note 6)

    80,237       -       80,237  
Options and warrants expired (note 6)     (1,153,050 )     -       (1,153,050 )
Performance rights issued/expensed (note 6)     213,023       -       213,023  
Performance rights exercised (note 6)     (249,137 )     -       (249,137 )
Performance rights forfeited (note 6)     (67,395 )     -       (67,395 )
Balance at 30 June 2026     350,064       129,429       479,493  

 

8

  

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

6. Reserves (continued)

 

Nature and purpose of other reserves

 

Share-based payments:

 

The share-based payment reserve records items recognised as expenses on valuation of share options and warrants issued to key management personnel and other employees.

 

Foreign currency translation:

 

Exchange differences arising on translation of foreign controlled entities are recognised in other comprehensive income and accumulated in a separate reserve within equity.

 

Movements in options, warrants and performance rights:

 

Details   Number of
options,
warrants and
rights
    $  
Balance as at 1 July 2024     15,194,959       3,059,321  
Options issued in the year (net of adjustments)     3,000,000       55,584  
Lapse of unexercised options     (8,016,120 )     (1,741,178 )
Share-based payments expense for options previously issued     -       9,171  
Performance rights issued in the year     5,386,810       239,488  
Exercise of performance rights     (1,326,747 )     (96,000 )
Lapse of performance rights issued in the year     (285,741 )     -  
Balance as at 30 June 2025     13,953,161       1,526,386  
                 
Warrants expired in the year     (2,560,000 )     (1,032,960 )
Options expired in the year     (1,930,000 )     (120,090 )
Options issued in the year (note 7)     4,000,000       48,995  
Share-based payments expense for options previously issued     -       31,242  
Performance rights issued in the year     2,147,154       137,418  
Exercise of performance rights     (3,332,716 )     (249,137 )
Performance rights forfeited     (510,108 )     (67,395 )
Share-based payments expense for performance rights previously issued     -       75,605  
Balance as at 30 June 2026     11,767,491       350,064  

 

9

 

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

7. Share-based payments

 

Performance rights:

 

Performance rights, which can be settled in shares, were granted to key management personnel and employees during the period. The performance rights are based on non-market weighted key performance indicators (KPIs) and have been expensed over the service period, based on the probability the KPIs being achieved. The performance rights are expected to vest between one and five years. During the reporting period, assessments are made as to whether KPIs have been met and whether KPIs are likely to be met. As a result of such assessment, there was a net reduction in share-based payment expense during the period.

 

During the year ended 30 June 2026, 2,147,154 performance rights were granted to employees with a conversion price of $0.145.

 

Fair value is determined using the Black-Scholes option pricing model that takes into account the exercise price, term of the award, security price at grant date, expected volatility, expected dividend yield and the risk-free interest rate.

 

The model inputs for the performance rights granted during the year:

 

Grant date   Expiry
date
  Exercise
price ($A)
    No. of
options
    Share
price at
grant date
    Expected
volatility
    Dividend
yield
    Risk-free
interest rate
    Fair value
at grant
date per
option
 
16-AUG-25   16-AUG-29   $ 0.145       2,147,154     $ 0.070       88.65 %     0.00 %     4.09 %   $ 0.0640  

 

Options:

 

During the year ended 30 June 2026, options were approved at the Annual General Meeting, held on 11 November 2025 for Jeannette Joughin, Daniel Pollock, Ravi Savarirayan, and Paul Brennan of 1,000,000 each. The option exercise price is $0.110 and they have an expiry date of 3 October 2029.

 

Fair value is determined using the Black-Scholes option pricing model that takes into account the exercise price, term of the award, security price at grant date, expected volatility, expected dividend yield and the risk-free interest rate.

 

The model inputs for the options granted during the year:

 

 

Grant date   Expiry
date
  Exercise
price ($A)
    No. of
options
    Share
price at
grant date
    Expected
volatility
    Dividend
yield
    Risk-free
interest rate
    Fair value
at grant
date per
option
 
11-NOV-25   3-OCT-29   $ 0.110       4,000,000     $ 0.060       77.46 %     0.00 %     3.69 %   $ 0.0271  

 

8. Events after the reporting period

 

No matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect the Group’s operations, the results of those operations, or the Group’s state of affairs in future financial years.

 

10

 

Immuron Limited

Notes to the consolidated financial statements

30 June 2026

 

9. Principal subsidiaries

 

The Group’s principal subsidiaries at 30 June 2026 are set out below. Unless otherwise stated, they have share capital consisting solely of ordinary shares that are held directly by the Group, and the proportion of ownership interests held equals the voting rights held by the Group. The country of incorporation or registration is also their principal place of business.

 

        Ownership interest by
the Group
 
Name of entity  

Principal place of business /

Country of incorporation

 

2026

%

   

2025

%

 
Immuron Inc.   United States     100 %     100 %
Immuron Canada Limited   Canada     100 %     100 %
Anadis ESP Pty Ltd   Australia     100 %     100 %

 

10. Interests in associates

 

Immuron Limited has a 23.61% interest in Ateria Health Limited. The carrying amount of the investment continues to be nil, therefore, no share of the loss has been recognised for the year ended 30 June 2026.

 

        Ownership interest held by
the Group
 
Name of entity  

Principal place of business /

Country of incorporation

 

2026

%

   

2025

%

 
Ateria Health Limited   United Kingdom     23.61 %     23.61 %

 

11

 

EX-99.2 3 ea030377201ex99-2.htm FY26 RESULTS PRESENTATION

Exhibit 99.2

 

 

 

Immuron FY26 Preliminary Results

 

Melbourne, Australia, August 28, 2026: Immuron Limited (ASX: IMC; NASDAQ: IMRN) is pleased to release its preliminary results for financial year ending 30 June 2026.

 

Results exceed expectations

 

In February 2026 at the time the Company announced a Strategic Reset, 2H FY26 and FY26 Net Sales were projected to both exceed the prior comparative period (pcp) and Net Sales and Net Profit were all projected to exceed pcp.

 

Immuron has exceeded sales projections with second half growth of 7% on the prior comparative period (pcp) and record FY26 sales of A$7.7 million, growth of 6% on pcp.

 

Pleasingly in FY26, the Australian market continued double digit growth (+10%) notwithstanding the one-off impact of Chemist Warehouse/Sigma reducing Travelan® inventories held as a result of their supply chain efficiency initiatives. Sales in the United States continue to grow on the back of a number of marketing initiatives (AUD: +7% on pcp; USD: +13% on pcp). Sales in Canada were down on last year however during the second half of FY26 they were up more than 100% on pcp.

 

Net Profit in FY26 improved by AUD$1.4 million over FY25. Cash in FY26 increased by AUD$6.2 million1 to AUD$9.0 million.

 

Key milestones achieved

 

· IMM-529 (CDI): U.S. FDA approval of investigational new drug (IND) application in November 2025.
     
· Uniformed Services University IMM-124E trial reported topline results in December 2025.
     
· New research agreement signed in December 2025 funded by a U.S. Department of Defense sub award with the Naval Medical Research Command and Walter Reed Army Institute of Research for the development of novel vaccines targeting Campylobacter and Shigella with which Immuron will produce two hyper-immune bovine colostrum products for pre-clinical evaluation. First revenue was received in May 2026.
     
· In February 2026, Immuron made a strategic decision to partner clinical assets IMM-124E and IMM-529 for development and commercialization.
     
o IMM-124E is eligible for an end of Phase 2 meeting with the U.S. FDA (indication: traveler’s diarrhea).
     
§ Lumanity1 peak U.S. sales estimate of US$102 million.
     
o IMM-529 has an investigational new drug (IND) application approved by the U.S. FDA and is ready to go into Phase 2 clinical trials (indication: Clostridioides difficile infection).
     
§ Lumanity1 peak U.S. sales estimate of US$400 million.
     
· In July 2026, the Company engaged Pullan Consulting to support partnering IMM-529.

 

 

1. $3.0 million was held in Term Deposits on 30 June 2025 (30 June 2026: Nil)

 

 

 

 

 

 

 

 

Looking ahead

 

In FY27 the Company plans to invest to grow in North America while continuing the momentum in Australia.

 

Immuron anticipates the following near term milestones:

 

· Q1: Continued Travelan® growth
     
· Q2: Portfolio expansion
     
· Q3: IMM-529 partnering progress
     
· Q4: Geographic expansion, improved profitability and reduction in cash burn

 

A copy of Appendix 4E and the Preliminary Final Report and results presentation are included below.

 

This release has been authorised by the directors of Immuron Limited.

 

- - - END - - -

 

COMPANY CONTACT:

 

Steven Lydeamore

Chief Executive Officer

steve@immuron.com

 

About Immuron

 

Immuron Limited (ASX: IMC, NASDAQ: IMRN), is an Australian biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies for the treatment of infectious diseases.

 

About Travelan®

 

Travelan® is an orally administered passive immunotherapy that prophylactically reduces the likelihood of contracting travelers’ diarrhea, a digestive tract disorder that is commonly caused by pathogenic bacteria and the toxins they produce. Travelan® is a highly purified tabletized preparation of hyper immune bovine antibodies and other factors, which when taken with meals bind to diarrhea-causing bacteria and prevent colonization and the pathology associated with travelers’ diarrhea. In Australia, Travelan® is a listed medicine on the Australian Register for Therapeutic Goods (AUST L 106709) and is indicated to reduce the risk of Travelers’ Diarrhea, reduce the risk of minor gastro-intestinal disorders and is antimicrobial. In Canada, Travelan® is a licensed natural health product (NPN 80046016) and is indicated to reduce the risk of Travelers’ Diarrhea. In the U.S., Travelan® is sold as a dietary supplement for digestive tract protection.

 

Travelers’ diarrhea (TD)

 

TD is generally defined as the passage of ≥ 3 unformed stools per 24 hours plus at least one additional symptom (such as nausea, vomiting, abdominal cramps, fever, blood/mucus in the stools, or fecal urgency) that develop while abroad or within 10 days of returning from any resource-limited destinations (Leung et al., 2006). Diarrhea continues to be the most frequent health problem among travelers to destinations in lower- and middle-income regions (Steffen, 2017). Deployed US military personnel, essentially representing a long-term traveller population, are particularly affected given their population dynamics and the context in which they seek care and treatment (Connor et al., 2012). Diarrhea is the leading infectious disease threat to the overall health and preparedness of deployed US armed forces, with diarrheagenic E. coli, Campylobacter spp., and Shigella spp. among the most commonly reported etiologies (Riddle et al., 2006).

 

 

 

 

 

 

 

 

Immuron Platform Technology

 

Immuron’s proprietary technology is based on polyclonal immunoglobulins (IgG) derived from engineered hyper-immune bovine colostrum. Immuron has the capability of producing highly specific immunoglobulins to any enteric pathogen and our products are orally active. Bovine IgG can withstand the acidic environment of the stomach and is resistant to proteolysis by the digestive enzymes found in the Gastrointestinal (GI) tract. Bovine IgG also possesses this unique ability to remain active in the human GI tract delivering its full benefits directly to the bacteria found there. The underlying nature of Immuron’s platform technology enables the development of medicines across a large range of infectious diseases. The platform can be used to block viruses or bacteria at mucosal surfaces such as the Gastrointestinal tract and neutralize the toxins they produce.

 

IMM-124E (Travelan®)

 

IMM-124E was developed using Immuron’s platform technology. IMM-124E is produced from the colostrum of birthing cattle that have been immunised during pregnancy with a vaccine containing the outer antigens of multiple human derived ETEC. A total of 13 ETEC strains are used in the vaccine to produce high levels of antibodies against selected surface antigens from the most common strains of ETEC. (Otto et al., 2011)

 

The resultant hyperimmune colostrum IMM-124E from ETEC vaccinated cows contains significant levels of polyclonal antibodies specific for ETEC antigens LPS, CFA-I and Flagellin (Sears et al., 2017).

 

The antibodies produced in IMM-124E have been found to have a stronger binding and neutralizing activity (than the antibodies of unvaccinated cattle) against a wide range of LPS antigens including both the variable O-polysaccharide region and the preserved oligosaccharide core ‘R’ region of LPS from the 13 serotypes used in the ETEC vaccine.

 

IMM-124E is manufactured into a tablet form referred to as Travelan®.

 

IMM-529

 

Immuron is developing IMM-529 as an adjunctive therapy in combination with standard of care antibiotics for the prevention and/or treatment of recurrent Clostridioides difficile infection (CDI). IMM-529 antibodies targeting Clostridioides difficile (C. diff) may help to clear CDI infection and promote a quicker re-establishment of normal gut flora, providing an attractive oral preventative for recurrent CDI.

 

Immuron is collaborating with Dr. Dena Lyras and her team at Monash University, Australia to develop vaccines to produce bovine colostrum-derived antibodies. Dairy cows were immunised to generate hyperimmune bovine colostrum (HBC) that contains antibodies targeting three essential C. diff virulence components. IMM-529 targets Toxin B (TcB), the spores and the surface layer proteins of the vegetative cells.

 

This unique 3-target approach has yielded promising results in pre-clinical infection and relapse models, including (1) Prevention of primary disease (80% P =0.0052); (2) Protection of disease recurrence (67%, P <0.01) and (3) Treatment of primary disease (78.6%, P<0.0001; TcB HBC). Importantly IMM-529 antibodies cross-react with whole cell lysates of many different human strains of C. diff including hypervirulent strains.

 

To our knowledge, IMM-529 is, to date, the only investigational drug that has shown therapeutic potential in all three phases of the disease (Hutton et al., 2017).

 

ProIBS®

 

Immuron has an exclusive distribution agreement with Calmino goup AB for the territories of Australia and New Zealand for ProIBS®. ProIBS® - to help patients treat IBS symptoms ProIBS® is a certified medical device for the treatment of IBS symptoms such as abdominal pain, bloating and unsettled bowel movements (diarrhoea and/or constipation). ProIBS® contains AVH200®, derived from the plant Aloe barbadensis. Mill. AVH200® has gel forming components which support the intestinal mucosal barrier. As IBS is known to affect individuals for a long period of time, it is essential to have a treatment appropriate for long-term use –as ProIBS® is. The product is safe, and no interactions with other medications are known. Science-driven innovative Calmino group AB, the developer of ProIBS®, conducted a usability study among 1,003 users. PROIBS® was helpful for 94% of them. 91% of the users experienced an improvement in daily life and 98% would recommend PROIBS® to someone else. To learn more please check: www.proibs.eu.

 

 

 

 

 

 

 

 

Irritable bowel syndrome (IBS) is a common condition where you experience symptoms related to your digestive system. This is sometimes linked to certain foods, lifestyle habits and stress levels or mood. IBS affects around 3 out of every 10 people. Females are more likely than males to be affected. Some key symptoms of IBS include: abdominal pain or discomfort; stomach bloating and wind; chronic diarrhoea or constipation, or alternating between the two.(healthdirect.gov.au) According to available data, the IBS treatment market in Australia is estimated to be a part of the broader "Digestives & Intestinal Remedies" market, generating a revenue of around AU$221.14 million in 2025, with a projected annual growth rate of 3.28%.(Statista)

 

References

 

Connor P, Porter CK, Swierczewski B and Riddle MS. Diarrhea during military deployment: current concepts and future directions. Curr Opin Infect Dis. 25(5): 546-54; 2012.

 

Hutton, M.L., Cunningham, B.A., Mackin, K.E. et al. Bovine antibodies targeting primary and recurrent Clostridium difficile disease are a potent antibiotic alternative. Sci Rep 7, 3665 (2017). https://doi.org/10.1038/s41598-017-03982-5

 

Leung AK, Robson WL, Davies HD. Travelers’ diarrhea. Adv Ther. Jul-Aug; 23(4): 519-27; 2006

 

Otto W, Najnigier B, Stelmasiak T and Robins-Browne RM. Randomized control trials using a tablet formulation of hyperimmune bovine colostrum to prevent diarrhea caused by enterotoxigenic Escherichia coli in volunteers Scandinavian Journal of Gastroenterology 46: 862– 868; 2011.

 

Riddle MS, Sanders JW, Putnam SD, and Tribble DR. Incidence, etiology, and impact of diarrhea among long-term travelers’ (US military and similar populations): A systematic review. American Journal of Tropical Medicine and Hygiene. 74(5): 891-900; 2006.

 

Sears KT, Tennant SM, Reymann MK, Simon R, Konstantopolos N, Blackwelder WC, Barry EM and Pasetti MF. Bioactive Immune Components of Anti-Diarrheagenic Enterotoxigenic Escherichia coli Hyperimmune Bovine Colostrum products. Clinical and Vaccine Immunology. 24 (8) 1-14; 2017.

 

Steffen R. Epidemiology of travelers' diarrhea. J Travel Med. 24(suppl_1): S2-S5; 2017.

 

For more information visit: https://www.immuron.com.au/ and https://www.travelan.com

Subscribe to Immuron’s InvestorHub: Here

 

FORWARD-LOOKING STATEMENTS:

 

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of research and development activities; risks relating to the timing of starting and completing clinical trials; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

 

 

 

 

 

  

11 FY26 PRELIMINARY RESULTS NASDAQ: IMRN ASX: IMC Steven Lydeamore - CEO

 

 

22 2 Certain statements made in this presentation are forward-looking statements and are based on Immuron's current expectations, estimates and projections. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "guidance" and similar expressions are intended to identify forward-looking statements. Although Immuron believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Immuron's control, including those risks or uncertainties inherent in the process of both developing and commercializing technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Immuron will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority. SAFE HARBOR STATEMENT FY2026 results in this presentation are subject to audit review.

 

 

3 FY26 Financial Achievements Global Sales Revenue $7.7m Up 6% Australian Sales Revenue $5.8m Up 10% United States Sales Revenue $1.8m Up 7% Up 13% in $USD Gross Profit Margin 64.5% 0.9% decline Net Profit $(3.8)m $1.4m improvement Cash $9.0m $6.2m1 improvement 1. $3.0 million was held in Term Deposits on 30 June 2025 (30 June 2026: Nil)

 

 

4 FY26 Clinical Achievements and Operational Highlights FDA approval IMM-529 IND Travelan® n=851 trial completed New U.S. Department of Defense subaward New product launch in Australia Engaged Pullan Consulting to support partnering IMM-529 Strategic reset aimed at profitability and reduced cash burn

 

 

5 FY27 Outlook Continued Travelan® sales growth Portfolio expansion Geographic sales expansion Partnering update for IMM-529 Cash to fund operations through FY27 – FY28 Continued improvement in profitability and reduced cash burn

 

 

EMAIL: STEVE@IMMURON.COM PHONE: AUSTRALIA: +61 438 027 172 STEVEN LYDEAMORE CHIEF EXECUTIVE OFFICER IMMURON LIMITED CONTACT INFORMATION: IMMURON INVESTOR HUB COMMUNICATION AND CONTENT INCLUDING ANNOUNCEMENTS AND CORPORATE RESEARCH