Being AI Limited
BAI.NZXInformation Technology
Being AI is a diversified artificial intelligence services, development and investment group. Being AI comprises three business models: Being Consultants (providing AI and advanced technology support to third-party companies), Being Labs (developing AI and patentable technologies) and Being Ventures (investing in industries that will be significantly enhanced with the deployment of AI and advanced technologies). Being Consultants, Being Labs and Being Ventures are in the early stages of generating revenue. Initial Ventures investments are in logistics (with Send Global) and education (with AGE). Being AI was previously known and listed on the NZX Main Board as Ascension Capital (ACE). On 11 December 2023, ACE announced to NZX that it had reached a conditional agreement to acquire the Being AI Group via a proposed ‘reverse listing’. On 28 March 2024, ACE Shareholders passed resolutions to approve the proposed acquisition and ACE was renamed Being AI Limited (ticker code ‘BAI’).
Market Data
$0.020
-0.1%$3.5M
0.1x
$0.138
0.00%
-0.8%
Latest Earnings
2026 Annual Report
29 May 2026
Being AI Limited (NZX) reported FY26 results for the year ended 31 March 2026, a wind-down year in which all operating subsidiaries were divested or closed. The company recorded a $1.5M loss from continuing operations and an $8.6M profit from discontinued operations (including $7.3M in gains from asset sales), resulting in a net profit of $7.0M for the year. The company is now a listed shell with no revenue-generating operations, prepared on a realisation basis rather than going concern, with financial support from major shareholder Wilshire Treasury Limited expiring in November 2026. Key points: Profit from discontinued operations of NZ$8.6M, including NZ$7.3M in divestment gains from the sales of AGE Limited (Being Education) and Send Global Limited.; Total net profit for FY26 of NZ$7.0M, a significant improvement from the NZ$11.5M net loss in FY25.; Divestment of Being Education eliminated NZ$3.9M in debt owed to Wilshire Treasury.
Recent Announcements
2026 Annual Report
Being AI Limited (NZX) reported FY26 results for the year ended 31 March 2026, a wind-down year in which all operating subsidiaries were divested or closed. The company recorded a $1.5M loss from continuing operations and an $8.6M profit from discontinued operations (including $7.3M in gains from asset sales), resulting in a net profit of $7.0M for the year. The company is now a listed shell with no revenue-generating operations, prepared on a realisation basis rather than going concern, with financial support from major shareholder Wilshire Treasury Limited expiring in November 2026. Key points: Profit from discontinued operations of NZ$8.6M, including NZ$7.3M in divestment gains from the sales of AGE Limited (Being Education) and Send Global Limited.; Total net profit for FY26 of NZ$7.0M, a significant improvement from the NZ$11.5M net loss in FY25.; Divestment of Being Education eliminated NZ$3.9M in debt owed to Wilshire Treasury.
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