Wellnex Life Limited

WNX · AIM · Retail · mcap £4.0m · 5.5p

Wellnex Life is an Australian consumer health company that owns and sells over-the-counter brands and makes products for others under contract. It sells mainly through Australian retailers and pharmacies and is expanding into the UK, New Zealand and other markets.

Target	Promise	Said	Status
2026
1 Apr 2026	Ash Vesali to return to Non-Executive Chairman after up to six months as Interim Executive Chairman.	1 Oct 2025	✗ Missed · target changed
	“Following this period, Mr Vesali will return to his current position as Non-Executive Chairman” Result In March 2026 Eric Jiang became Interim Executive Chair and Vesali moved to Non-Executive Director, not Chairman. “Ash Vesali, who has served as Interim Executive Chair for an agreed six-month period, will transition to the role of Non-Executive Director, effective immediately.”12 Mar 2026 · Directorate Change
20 Apr 2026	Repay the A$2.3m loan from Zack Bozinovski and his wife in full by 20 April 2026.	20 Oct 2025	✗ Missed · target changed
	“full repayment is to be made by no later than 20th April 2026” Result Loans to former directors of about A$2.88m were extended to 21 July 2026, for a A$150,000 payment. “The Company and the former directors have now agreed an extension, with full repayment of all outstanding amounts due by no later than 21 July 2026. The Company has agreed to pay the former directors a total of $150,000, to be rolled into the loan principal, in consideration for the agreement of the extension.”23 Apr 2026 · Extension of Loan Repayment
21 Apr 2026	Repay George Karafotias director loan in full; deadline later set at 21 April 2026.	15 Aug 2025	✗ Missed · target changed
	“reached an agreement with Mr George Karafotias, former director, to repay his loan by 21 April 2026” Also stated 27 Nov 2025 Result The 90-day term was replaced by April 2026, then extended to 21 July 2026 (up to 21 August with a payment); no repayment reported. “The Company and the former directors have now agreed an extension, with full repayment of all outstanding amounts due by no later than 21 July 2026.”23 Apr 2026 · Extension of Loan Repayment
30 Jun 2026	Enter UK and European markets in FY26.	12 May 2025	✗ Missed
	“the company is in the process of preparing to enter the UK and European markets in FY26” Result No later card reports UK or European market entry by the end of FY26; FY26 results do not mention it. 1 Sep 2026 · Annual Report for Year Ended 30 June 2026
30 Jun 2026	Appoint a permanent Chief Executive Officer in H2 FY26.	27 Feb 2026	✗ Missed
	“this process is at an advanced stage, and a further market update will be provided in due course” Result No CEO appointment reported by October 2026; a new CFO started in September 2026. “As announced on 21 October 2025, the Board commenced an executive search for a permanent Chief Executive Officer. The Board is pleased to advise that this process is at an advanced stage, and a further market update will be provided in due course.”12 Mar 2026 · Directorate Change