Treasurer's Report | WAITTA
2025 marked a significant milestone for WAITTA: our first full year operating on a calendar year accounting cycle, supported by an updated chart of accounts.
The shift wasn't just administrative. It's delivered something genuinely valuable — clearer visibility across every program, stronger budgeting discipline, and a more accurate picture of what it costs to run WA's premier technology and STEM programs. That foundation matters as we continue to grow.
Peter Malaxos
2025 Treasurer
The consolidated Profit and Loss for 2025 shows a net loss of A$14,570.79 across the organisation. It's important to read that number in context.
The 2025 P&L includes expenses already paid for CY2026 programs — costs committed ahead of time to support delivery in the year ahead. At the same time, a portion of income earned through 2025 programs remains outstanding and will be collected in 2026. When viewed on a true program-by-program basis, the financial position is more balanced than the headline figure suggests.
Total income across all programs reached A$202,506.21, against a cost of sales of A$149,519.94, delivering a gross profit of A$52,986.27.
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As at 31 December 2025, WAITTA holds A$63,868.55 in total assets, with total shareholders' equity of A$66,883.95, supported by A$81,454.74 in retained earnings. Current liabilities sit at -A$3,015.40.
The organisation remains in a stable financial position heading into 2026.
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This year, WAITTA engaged an external Financial Services Business Partner to conduct an end-of-year audit. The process confirmed improved accuracy and visibility across all program accounts — an important step in building the governance and financial rigour that a growing not-for-profit requires.
We thank our volunteer Board and financial team for their commitment to keeping WAITTA on solid ground, and look forward to building on this foundation in the year ahead.
Thanks to Catalytic IT, a Game Changer Awards Bronze Sponsor, we're nurturing the next generation of STEM leaders in Western Australia. Watch to discover how we're engaging students in STEM with Catalytic IT.
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We're revisiting the 33rd INCITE Awards: Check out our dedicated website to the winners and merit recipients of the 33rd INCITE Awards.
Celebrating 10 years of empowering Western Australian youth in STEM: Learn about our new partnership with Bloom, expanded school reach, and initiatives fostering innovation and entrepreneurship.
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Discover the impact of the 2024 Game Changer Awards in our latest Impact Report.
The 34th INCITE Awards are fast approaching, and we want to ensure that your innovative projects get the recognition they deserve. Here’s a comprehensive guide - in both written and video forms - to help you navigate the nomination process and submit a standout entry.
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Thanks to Containers for Change (WARRRL), a Game Changer Awards Platinum Sponsor, we're elevating the next generation of STEM leaders in Western Australia. Watch to find out how our partnership with Kristen and his team provides students with the opportunity to learn how to help our planet sustainably through STEM.
Thinking of nominating in the 34th INCITE Awards? This is a sign to go for it: The deadline to submit project nominations for Western Australia's longest-running technology awards and only pathway to the Australian iAwards has been extended to 15 April 2025, 11:59 PM AWST.
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Thanks to Student Edge, a Game Changer Awards Gold Partner, we're elevating the next generation of STEM leaders in WA. One lucky team presented their project at the West Tech Fest Young Entrepreneurs Showcase, gaining exposure and connecting with industry leaders. We're grateful to Student Edge for empowering young innovators.
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Meet the Western Australian technology leaders championing innovation as Ambassadors for the 2025 INCITE Awards.
Discover how Containers for Change leveraged the INCITE Awards as a launchpad for international success, from local recognition to global acclaim at the iAwards and APICTA.
Join us for a briefing for those nominating in the INCITE Awards, Western Australia's pathway to the Australian iAwards. RSVP is essential.
Join us for the 2025 INCITE Awards on Friday, 18 July, celebrating Western Australian excellence in innovation, technology and talent.
As we look ahead to our 10th Game Changer Awards, we're celebrating our 2024 award-winners who were announced in November.
Nominations are now open for the 34th INCITE Awards, celebrating technology and innovation excellence. Submit your groundbreaking ideas and join a community of innovators working towards enhancing our way of life.
It is with great sadness that WAITTA acknowledges the passing of Bruce Wilson, a long-term stalwart of the information technology industry.
WA had a record-breaking year for celebrating technology, innovation and talent. Here are the highlights.
WAITTA extends its congratulations to all participants in the 2024 APICTA Awards, especially WA's Containers for Change (WARRRL).
The Western Australian Information Technology and Telecommunications Alliance (WAITTA) extends its heartfelt congratulations to Jan Kornweibel on her induction into the prestigious Pearcey Hall of Fame.
WAITTA's 2024 putt4dough charity golf event was a resounding success, bringing together WA’s tech community to raise an incredible $82,000 for the Perth Children’s Hospital Foundation.
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Technology talent volunteering as judges at the 2024 Game Changer Awards will have a custom-built app from the National Institute of Technology to use.
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Meet Dr Parwinder Kaur, renowned molecular geneticist and biotechnologist, Director of DNA Zoo Australia, and 2024 Achiever of the Year.
Meet Sheena Edwards, founder of Switched On Seniors and winner of the 2024 Digital Inclusion Award.
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WAITTA has announced Cameron Zivkovic and Jess Etheridge as the Co-Chairs of WA's technology and innovation pathway program, The INCITE Awards, for 2025.
Meet Dr Intan Oldakowska, Co-Founder and CEO of EarFlo, and the 2024 WA Startup of the Year.
We sit down with Zyrus Khambatta, CTO of VetChip, to explore how their cutting-edge technology is transforming animal healthcare.
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We are thrilled to announce that Western Australia's innovation leaders will take the global stage this December in Brunei at the prestigious Asia Pacific ICT Alliance (APICTA) Awards!
Relive the magic of the 33rd INCITE Awards with our photo gallery.
The Western Australian IT and Telecommunications Alliance is delighted to announce the results of the 33rd INCITE Awards, held Friday 19 July 2024 at The Westin Perth.
The Western Australian Information Technology and Telecommunications Alliance has announced the appointment of a new President and Vice President, and the appointment of three new Board Directors.
We're thrilled to reveal the finalists of the 2024 INCITE Awards, celebrating excellence in technology innovation in Western Australia.
Congratulations to those who have nominated for project categories in the 33rd INCITE Awards! Nominations for the Honorary Awards close 24 May.
One subject has dominated our industries and news outlets for the last two years, and last year’s INCITE Awards ceremony was no different. The arrival
Few names are as well known in the world of West Australian science as Professor Lyn Beazley. She’s been inducted into the WA Science Hall
We are happy to announce the newest member of the Alliance – Blockchain Perth. Johnny Swanepoel, well-known advocate and facilitator ...
WAITTA is proud to announce our newest Organisational member of the Alliance – the Virtual Reality Augmented Reality Association (https://www.thevrara.com/perth). ...
WAITTA is proud to announce that Michael Malone has accepted our invitation to join the Alliance as our 5th WAITTA thought ...
The newly-elected WAITTA Board is currently finalising its strategies for 2019 and beyond. Two Strategic Planning weekend workshops have now ...
We were proud to co-host the WA Space Industry Forum with the Department of Jobs, Tourism, Science and Innovation @NewIndustriesWA ...
When Tuesday, 11th December, 2018 Arrive 2:30PM for a 3:00PM start, until 6:30PM Where Auditorium, Indian Ocean Marine Research Centre, ...
The votes are in for the 2019 WAITTA Committee election. Below is a message from the newly elected chair of ...
Shortly we will be opening nominations for members of WAITTA’s Management Committee (Board). Invitations will be issued to Alliance member ...
The first meeting of the Alliance Advisory Group was convened at the Council Chambers at Curtin University today April 19th 2018. ...
WAITTA Alliance members are currently working together on a number of projects in a variety of sectors. These projects also ...
Alliance members have been issued with invitations for individual nominations for members of the WAITTA Management Committee (MC). Suitably qualified ...
The Organising Committee for this year’s competition has convened and planning is well underway. We intend to grow on the ...
This year’s Finalist Lunch is at the Hyatt on June 13th 2018. Our keynote speaker this year is the Estonian Ambassador. Estonia ...
Entries have now closed for the 2018 INCITE Awards! We have received entries that reflect the quality and scope of ...
WAITTA welcomes Marion Burchell as the State’s new Government CIO. We look forward to building on our achievements to date, continuing ...
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