Dubber expects $17.5m non-cash impairment from lost VMO2 contract

Dubber Corporation Limited (Dubber) anticipates a one-off non-cash impairment charge of approximately $17.5m in its financial statements for the year ending 30 June 2025. This impairment, which will be reflected in the Loss from Continuing Activities, stems from an impairment review of goodwill and intangible assets acquired in the 2020 purchase of Aeriandi Ltd.

The primary cause of this impairment is the loss of a significant customer contract with Virgin Media O2 (VMO2), which has diminished the recoverable value of certain acquired intangible assets. Dubber clarifies that this is a non-cash accounting adjustment and will not impact its cash position or ongoing operations.

Further details regarding this impairment will be provided in Dubber's upcoming annual report and audited financial statements.