• Revenue: $169.9m – up 34.5% on FY22
• EBITDA: $23.2m – up $15.1m over FY22
• Statutory NPAT: $10.0m profit v $3.3m loss in FY22
• Cash: $49.2m – up $21.8m over FY22
• No dividend payable
• Results include $27.6m of one-off revenues, but strong underlying growthmeans that FY24 revenue guidance has been upgraded to c. $170m (fromprevious guidance of $157m to $160m for FY
Growth guidance is really masked by those $27.6m in “one off” revenue this year (which is revenue from failed UK power companies).
Will be interesting to see what FY25 looks like as presumably if they keep the same sort of growth that they project for FY24, then EBITDA should potentially really rip higher as operational leverage kicks in (eg new revenue dollars increasingly flow through to EBITDA/Net Income as fixed costs grow proportionally much slower than revenue).
They even teased entering the American market at some point once they are ready, in response to a question on the call. $$$$$
Bookmarks