Australia’s financial watchdog announced Wednesday that it collected A$792,000 (approximately $571,000) in penalty fees from four subsidiaries of the popular graphic design company Canva for missing deadlines to submit their 2024 financial documentation.
The Australian Securities and Investments Commission (ASIC) levied fines of A$198,000 against each of the following entities: Canva Pty, Canva Operations Pty, Canva Trading Pty, and Fusion Books Pty. These companies failed to meet the April 30, 2025 deadline for submitting their required financial statements.
According to ASIC’s announcement, the parent company Canva Pty eventually submitted a comprehensive fiscal year 2024 report covering all four entities on March 27, 2026.
A company representative addressed the compliance issue, stating: “We take our reporting obligations seriously and regularly share public updates on our business and growth.” The spokesperson added: “We are now fully up to date on all lodgements and have strong processes in place to maintain this going forward.”
The design platform has been making preparations for a potential public offering, including conducting an employee share sale in August 2025 that assigned the company a $42 billion valuation. The specific number of shares involved in that transaction was not disclosed.
Founded in 2013, Canva operates as an online design tool that enables users to create various materials including greeting cards, wedding invitations, social media graphics, and business presentations.
