The 2nd half result was even better!
Full year announcement out. $11.1m EBITDA and NPAT of $3.1m. But the vast majority of that earnt in a clean 2nd half
2H FY22 EBITDA of $7.352m vs 1H $3.744m.
2H FY22 NPAT of $2.679m vs $0.4m in the first half
The business is rapidly scaling and absolutely hoovering marketshare in Australia, exploiting Tyro's weakness. Good result given the lockdowns across both NZ and AU over the financial year. With unit roll outs continuing at pace and revenues locked in from those and no further lockdowns FY23 should show a substantial step-up it profitability on the year just been, and FY24 on that.
Nice to see the benefits of scaling and long may it continue. I look forward to its earnings (and SP) in 3 years.
My two cents only...DYOR.
Bookmarks