Companies / XRG

XREALITY GROUP LTD

ASX:XRGConsumer Services
752.1M shares on issueASX (delayed) · snapshot 11 Sept 2026791.7M fully diluted+5.3% if every option and right converts$0.062price · delayed$46.6Mmarket cap · indicative

Today’s holders own 95.0% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 35% in 24 months; 1 cash raise in 24 months; options/rights overhang 5% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)35.4%
Raise cadence (24m)1 cash raise
Options & rights overhang5.3% of shares
In-the-money supply0.7% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

XREALITY GROUP LTD's ordinary share count grew 35.4% between September 2024 and May 2026, reaching 752M shares. The company undertook one capital raise in the past 24 months, a placement in June 2025 that raised A$2.0M. Options and rights on issue represent a potential 40M new shares, or 5.3% of the current share count, with the nearest expiry in April 2028; 1% of these options are currently in the money. As of June 2026, the company reported A$3.7M in available cash, with positive net cash flow in the latest reported quarter, meaning no funding runway figure applies. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 7 Sept 2026
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5.3%
Options & rights overhang
0.7%
In-the-money supply · most strikes not on record
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 752.1M per ASX (delayed) (snapshot 11 Sept 2026).
600M650M700M750MDec 24Oct 25Sept 26Cash raise · 25 June 2025752.1M

Cash runway

The latest quarterly report shows no net cash burn, so there is no cash-out date.
$3.7M 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: $3.5M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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15 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
8 July 20263H · cancellationXRG : ORDINARY FULLY PAID752.1MAppendix 3H
8 July 20263H · cancellationXRG : ORDINARY FULLY PAID752.1MAppendix 3H
8 July 20263H · cancellationXRG : ORDINARY FULLY PAID752.1MAppendix 3H
7 May 20262A · quoted issueXRG : ORDINARY FULLY PAID752.1MAppendix 2A
26 Nov 20253G · unquotedORDINARY FULLY PAID746.5MAppendix 3G
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34 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

1 cash raise in the last 24 months · 0 in the last 12 months

$2.0M
Placement
25 June 2025
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7 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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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2 dated events 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 97% of the 15% placement capacity left — about 3% 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

5.3%
Options & rights overhang · of current shares
0.7%
In-the-money supply · most strikes not on record
39.6M
Potential new shares
Apr 2028
Nearest expiry
What a price move would switch on
19.8M39.6M$0.062 now0.25× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.031) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.046) — 5.0M of the priced supply in the money, 0.7% of shares on issue1× today ($0.062) — 5.0M of the priced supply in the money, 0.7% of shares on issue1.25× today ($0.077) — 5.0M of the priced supply in the money, 0.7% of shares on issue1.5× today ($0.093) — 5.0M of the priced supply in the money, 0.7% of shares on issue2× today ($0.124) — 5.0M of the priced supply in the money, 0.7% of shares on issue3× today ($0.186) — 5.0M of the priced supply in the money, 0.7% of shares on issue5× today ($0.310) — 5.0M of the priced supply in the money, 0.7% of shares on issue10× today ($0.620) — 5.0M of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.062 today, 5.0M securities are in the money (0.7% of shares on issue) — a floor, because an exercise price is on record for only 12.6% of this supply. No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 34.6M (87.4% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
XRGAWOptionsPrice-triggered$0.0437 Apr 20285.0MFiling
XRGAROptionsPrice-triggered34.6MFiling

“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.

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2 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
15 Dec 2025Philip CopelandOther14.5M2.9M3Y notice
26 Nov 2025Kim HopwoodOther incentive1.7M5.0M$80k3Y notice
26 Nov 2025Wayne JonesOther incentive2.0M7.0M$95k3Y notice
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15 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

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