Opthea Limited Q1 FY26 Quarterly Activity Report

Opthea Limited released its Quarterly Activity Report for Q1 FY26, highlighting significant operational and financial developments. The company completed a binding settlement with DFA investors, eliminating a major liability and providing clarity over future cash resources. Opthea also significantly reduced its operating costs, with quarterly R&D expenditure declining by 80% and personnel costs falling by 94% compared to the previous quarter. The company's cash position is expected to strengthen through the receipt of an R&D tax incentive. Opthea is currently conducting a strategic review of its assets, intellectual property, and potential partnerships to determine the optimal path for shareholder value creation. The company's cash and equivalents stood at $17.8 million as of September 30, 2025, with an operating cash outflow of $10.6 million for the quarter. Opthea anticipates updating the market on its strategic review later in 2025.