Companies / DBF

DUXTON FARMS LTD

ASX:DBFFood, Beverage & Tobacco
107.1M shares on issueASX (delayed) · snapshot 11 Sept 2026107.1M fully diluted+0.0% if every option and right converts$0.37price · delayed$39.6Mmarket cap · indicative
High
Dilution risk

Runway under 2 quarters; share count grew 154% in 24 months; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-1.3 quarters of funding
Share-count growth (24m)154.4%
Raise cadence (24m)3 cash raises
Options & rights overhang0.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

DUXTON FARMS LTD's ordinary share count grew 154.4% between July 2024 and November 2025, to 107M shares. The company raised capital three times in the past 24 months for total disclosed proceeds of A$20.6M, most recently a A$9.7M non-renounceable entitlement issue of Convertible Notes in August 2026. At the June 2026 quarter the company reported A$-9.6M in available cash, indicating a deficit of 1.3 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.0%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
-1.3 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 107.1M per ASX (delayed) (snapshot 11 Sept 2026).
103M104M105M106M107MOct 25Apr 26Sept 26Cash raise · 27 Aug 2026Cash raise · 30 Oct 2025107.1M

Cash runway

-1.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-9.7M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $-13.3M cash at quarter end (item 4.6), 1.2 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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12 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
27 Nov 20252A · quoted issueDBF : ORDINARY FULLY PAID107.1MAppendix 2A
30 Oct 20252A · quoted issueDBF : ORDINARY FULLY PAID106.1MAppendix 2A
29 Oct 20252A · quoted issueDBF : ORDINARY FULLY PAID102.4MAppendix 2A
29 Oct 20252A · quoted issueDBF : ORDINARY FULLY PAID45.4MAppendix 2A
6 Aug 20252A · quoted issueDBF : ORDINARY FULLY PAID45.4MAppendix 2A
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15 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

3 cash raises in the last 24 months · 2 in the last 12 months

every 7 monthsaverage gap between raises
0.5 monthssince the most recent
25 June 2025 – 27 Aug 2026first to most recent in this window
$9.7M
Non-renounceable entitlement issue of Convertible Notes
27 Aug 2026 ACTIVE
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4 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Retail offer

An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.

Entitlement offer
dated 27 Aug 2026 · 16 days ago
Non-renounceable entitlement issue of Convertible Notes

Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.

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Offer terms
The offer price, and how it compares with the last traded price.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 82% of the 15% placement capacity left — about 18% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

No options or rights over unissued shares on record.

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
27 Aug 2026Stephen DuerdenOther off-market244k———3Y notice
17 June 2026Edouard PeterSell on-market9.1M——$50k3Y notice
11 June 2026Edouard PeterSell on-market30k——$15k3Y notice
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22 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

31 Aug 2026Securities Trading Policy - updated
28 Aug 2026Proposed issue of securities - DBF
28 Aug 2026$PEntitlement Issue Prospectus - Convertible Notes
28 Aug 2026$PPreliminary Final Report
28 Aug 2026$PNon-Renounceable Entitlement Offer of Convertible Notes
28 Aug 2026$PTrading Halt
28 Aug 2026$PPause in Trading
27 Aug 2026Change of Director's Interest Notice
26 Aug 2026Change in substantial holding
23 Aug 2026Change in substantial holding
14 Aug 2026Release of Shares from Voluntary Escrow
13 Aug 2026Final Director's Interest Notice
13 Aug 2026Director Retirement - Wade Dabinett
30 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
25 June 2026$PDivestment of 'Duxton Apples' Assets
22 June 2026Change of Director's Interest Notice
17 June 2026Change of Director's Interest Notice
3 June 2026Change of Director's Interest Notice
19 May 2026Change in substantial holding
15 May 2026Change of Director's Interest Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.