MXO (Motio Limited, ASX) — tiny micro-cap just delivered its first real profit

FY26 numbers (year to 30 June, released 14 Aug):

* Cash EBITDA **+31% YoY** to $2.53m → **27.5% margin**
* Gross margin hit **80.7%**
* NPAT **+\~1,800% YoY** to $2.2m
* PBT $1.62m — a $1.7m swing from last year’s loss
* Like-for-like revenue +8%. May and June both all-time record months. **Best Q4 ever. Current growth in FY27 looks to continue on strong momentum.**
* **Completely debt-free. Balance sheet clean.**

They deliberately slowed pure top-line growth to lock in profitability and margins first. That phase is done.

Still only \~$15–16m market cap for a now-profitable, debt-free business with skin-in-the-game management. Market hasn’t fully woken up yet. Watching FY27 for confirmation. What are your thoughts?

**Disclaimer:** This is not financial advice and is not a recommendation to buy, sell, or hold any security. I am not a licensed financial adviser, broker, or registered investment professional. I personally own shares in Motio Limited (ASX: MXO). MXO is a thinly traded ASX micro-cap stock that is highly illiquid and can be extremely volatile. Past performance is not indicative of future results. All information is based on publicly available company announcements and may contain errors or omissions. Do your own thorough research, consider your personal financial situation and risk tolerance, and consult a licensed financial adviser before making any investment decision. You alone are responsible for any investment decisions you make.