PAPYRUS AUSTRALIA LIMITED
ASX:PPYMaterialsToday’s holders own 90.7% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 25% in 24 months; 5 cash raises in 24 months
PAPYRUS AUSTRALIA LIMITED's ordinary share count grew 24.7% between November 2024 and June 2026, its latest share-count filing, to 649M shares. The company completed five capital raises in the past 24 months, with total disclosed proceeds of A$2.0M, most recently a Placement and Convertible Notes issue raising A$1.4M in April 2026. Options and rights could convert into 67M new shares, equal to 10.3% of the current share count, with none in the money and the nearest expiry in March 2027. The company has under 2 quarters of funding at the recent spend rate. Four proposed securities issues (Appendix 3B) are pending, with the nearest expected in November 2026.
Quick answers · 4
Is PPY raising capital?
Papyrus Australia has 4 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement and Convertible Notes of $1.4M on 23 Apr 2026.
How much cash does PPY have?
In its quarterly cash report for the quarter ended 31 Aug 2026, Papyrus Australia reported $421k of cash and estimated 4.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PPY's options expire?
Unexercised options and rights equal 10.3% of Papyrus Australia's shares on issue; the nearest expiry is Mar 2027.
How much has PPY's share count grown?
Papyrus Australia has 648.9M shares on issue as at 28 Oct 2026, up 24.7% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 29 June 2026 | 2A · quoted issue | PPY : ORDINARY FULLY PAID | 648.9M | Appendix 2A |
| 29 June 2026 | 3G · unquoted | PPY : ORDINARY FULLY PAID | 633.9M | Appendix 3G |
| 29 June 2026 | 3G · unquoted | PPY : ORDINARY FULLY PAID | 633.9M | Appendix 3G |
| 7 May 2026 | 3H · cancellation | PPY : ORDINARY FULLY PAID | 633.9M | Appendix 3H |
| 29 Apr 2026 | 2A · quoted issue | PPY : ORDINARY FULLY PAID | 633.9M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
5 cash raises in the last 24 months · 2 in the last 12 months
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
An exercise price is on record for only 38.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.009 today. No more priced supply until 1.25× today’s price, which takes it to 2.0M (0.3% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 41.0M (61.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PPYAV | Options | Price-triggered | $0.010 | 19 Mar 2027 | 2.0M | Filing |
| PPYAW | Options | Price-triggered | $0.020 | 19 Dec 2027 | 4.0M | Filing |
| PPYAX | Options | Price-triggered | $0.030 | 23 Dec 2027 | 3.5M | Filing |
| PPYAA | Options | Price-triggered | $0.020 | 29 Apr 2028 | 8.8M | Filing |
| — | Options | Price-triggered | $0.020 | 29 June 2028 | 7.5M | Filing |
| PPYAI | Options | Price-triggered, no exercise price stated | — | — | 41.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
- PPYABconvertible notes264k29 June 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 29 June 2026 | Al Jawhari | Other | 10.0M | 5.0M | — | $100k | 3Y notice |
| 29 June 2026 | Arthur Stavrou | Other | 2.5M | 1.3M | — | $25k | 3Y notice |
| 29 June 2026 | Brad Lemmon | Other | 2.5M | 1.3M | — | $25k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.