5 ASX stocks at risk of delisting in the next 6 months

A couple of weeks ago, a list of ASX stocks at risk of delisting was released on the market announcements platforms. The ASX has the right to remove stocks for breaking listing rules (such as failing to lodge the report) or if it is appropriate for some other reason. But it was rare to see the bourse release a concise list of stocks at list of being delisted, specifically for failing to lodge periodic reports.

Although it automatically suspends companies for failing to lodge on time and publishes a ‘name and shame’ list thereafter, it typically only includes companies that missed the deadline and may not provide a deadline before the company is to be removed. The list – most recently released in mid-July was different, with specific dates when companies would be removed as well as what reports are overdue. We’ve looked over the list, and highlight 5 of the more notable companies at risk of the axe.

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5 ASX stocks at risk of delisting in the next 12 months

Audio Pixels (ASX:AKP) – March 1 2026

AKP’s technology was centred around the idea that vibrating pixels on various frequencies could produce a purely digital sound. And this could be installed on every speaker on Earth and make them better. In 2011, it told the market it signed a manufacturing agreement with Sony and expected samples to be avaliable at the end of the following year.

We’d seen plenty of talk of fabrication yields and demonstration units, and excuses for delays, including COVID lockdowns and yields being lower than expected. The stock has been suspended since March 2024 and is set to be automatically delisted in March 2026 in absence of anything new that would enable shares to resume trading. It was suspended because the bourse was not sure its auditors could claim it could continue as a going concern. In March 2025, Fred Bart said his company had been working diligently with the ASX to facilitate the lifting of its suspension, ensuring full compliance by addressing all inquiries and regulatory requirements.

Leo Lithium (ASX:LLL) – September 19 2025

Leo Lithium was forced to divest its Goulamina Lithium Project, being initially suspended because shares would plunge as it was uncertain if the company had a future with that project. Mali’s military regime overhauled the mining code overnight, giving it the right of a free-carried stake and to restrict offtake. Leo Lithium thought it could eventually come to some agreement that would still make the project viable.

Ultimately, the company did not and sold the project, receiving US$177.6m including interest. The hope was that the company could find a new project, but these hopes have come to nothing so far. The one saving grace is that the company has promised investors it will return some of the money directly to investors – something that rarely happens with other companies that delist.

Tigers Realm Coal (ASX:TIG) – February 28 2026

Tigers Realm Coal had coal assets in Russia. Russia’s invasion of Ukraine had a temporary positive effect on the company because China bought its coal – in 2022 its profit and revenues rose 39%. But in 2023, Australia’s Department of Foreign Affairs and Trade. advised that its operations were likely to be in breach of Australia’s sanctions law. The company fought to overturn the ruling, continuing its operations in 2023.

After months of fighting, Tigers Realm Coal conceded defeat in the Federal Court at the start of April 2024. While the company had believed the fact that the coal was destined for export was the reason the sanctions did not apply, the court found that this was the reason sanctions would apply.

And so it has tried to sell its assets in Russia but even this has been a struggle for a number of reasons which you can read about here. This has prevented the company from filing its accounts and the company is set to be removed unless it can file the documents by the end of February. For this to happen, the deal will have to proceed by then.

Centrex (ASX:CXM) – March 14 2026 

Investors were optimistic that Centrex could get its fertiliser project in Northern Queensland off the ground. This was due to the need for phosphate but the lack of it in Australia.

While it ultimately got its project into production (which it did in mid-2022), it couldn’t raise enough capital to get it to a legitimate commercial scale (without substantial losses) and so called the administrators who are trying to find new assets for the company. The company is in suspension for not lodging its half-yearly accounts which were due in March 2025. If it is any consolation, it is not the first fertiliser company to go under.

Credit Intelligence (ASX:CI1) – February 12 2026

Credit Intelligence is a debt restructuring and personal insolvency management services company operating across Australia, Hong Kong, and Singapore–primarily focused on helping individuals and corporate clients manage and resolve debt-related issues. The company saw a boom prior to and during the pandemic – making $13.6m in revenue during FY20, and soon after launching a BNPL platform tailored for SMEs.

But from 2023, things began doing downhill with lending drying up as interest rates rose, CEO Jimmie Wong being forced out (i.e. resigning just before an EGM called to consider his renewal, then trying to sue the company unsuccessfully). CI1 was suspended first in February 2024 at behest of the company but when it asked to be reinstated, the ASX declined due to the company’s inability to certify its ability to continue as a going concern. It has taken a number of steps to get back on the bourse, including divesting certain assets, but needs to satisfy the ASX that it can continue as a going concern.