Final Cash Payment from Menlo Security Inc
Released
Released
Announcement PDF
Senetas Corporation Limited
312 Kings Way, South Melbourne, VIC 3205, Australia
T +61 03 9868 4555 | E info@senetas.com
ABN 33 006 067 607
senetas.com
1
25 March 2026
ASX ANNOUNCEMENT
Senetas Corporation Limited
Final Cash Payment from Menlo Security Inc.
MELBOURNE, AUSTRALIA – Senetas Corporation Limited (ASX: SEN) (Senetas / The
Company), a global leader in defence grade high-assurance network encryption solutions,
today announced that its majority owned subsidiary company, VGM (Aust) Holdings Pty Ltd
(VGM), the Australian based former holding company of the Votiro business, has received the
final cash payment from Menlo Security Inc (Menlo) in relation to the sale of the Votiro business
following the clearance of those funds by Israeli tax authorities.
The final cash amount received following foreign exchange movements since 31 December
2025, and approximately A$0.1 million of Israeli withholding tax that the Company anticipates
recovering from Israeli based VGM minority shareholders, was A$6.1 million.
The Senetas consolidated cash balance at the end of March 2026 is expected to be A$15.9
million, up from A$6.7 million at 31 December 2025.
As mentioned in the company’s half year report, the board is currently considering further
capital management options.
In addition to the cash received, Menlo has also issued VGM with the final tranche of Menlo
shares due as part of the Votiro sale consideration. The shares now held by VGM total
approximately 1.7% of Menlo’s issued capital. (Senetas currently has a 62.1% equity interest
in VGM.)
This announcement has been authorised by Andrew Wilson, CEO.
END
For further information please contact:
Investors Media
Chris Knorr Andrea Van Unen-Smith
M: +61 417 033 623 M: +61 402 772 257
E: chris.knorr@senetas.com E: andrea.vanunensmith@senetas.com
Senetas Corporation Limited
312 Kings Way, South Melbourne, VIC 3205, Australia
T +61 03 9868 4555 | E info@senetas.com
ABN 33 006 067 607
senetas.com
2
ABOUT SENETAS CORPORATION LIMITED
Senetas is an Australian-founded defence technology company providing high-assurance
cybersecurity solutions to defence, government, and critical infrastructure organisations in
more than 60 countries. Our technologies deliver certified quantum-resistant network
encryption for future threats. We safeguard mission-critical communications by protecting
sensitive data in motion and data at rest.
Distributed globally by Thales, one of the world’s largest defence, aerospace, and
cybersecurity technology providers, Senetas solutions comply with the highest international
security standards and certifications, including Common Criteria and FIPS.
In modern defence environments, secure communications are as critical in the field as they
are in core network infrastructure. Senetas solutions extend military-grade network encryption
to every location duty calls – from submarine depths to aerial missions – arming military assets
with uncompromising protection against sophisticated state and criminal cyber threats.
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