Tuesday, 5 May 2026

PICAL pulls off financial U-turn

PICAL has had a reversal of fortunes, from impending insolvency in 2024 to a surplus and positive forecast this year, reported at last week's AGM.

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PICAL pulls off financial U-turn
According to the AGM documents, $162,935 was paid for historical wages liabilities in 2025, with a further $9000 this year. The audited financials show a surplus of $45,474, following a deficit of $112,954 in 2024.

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