Key points
- Revenue increased 1.3% to $54.1 million
- EBITDA grew 2.5% to $20.2 million
- Net profit declined 25.7% to $3.6 million
Full summary
Reckon Ltd has released its preliminary financial results for the year ended 31 December 2024. The company reported revenue of $54.1 million, up 1.3% from the previous year's $53.4 million. EBITDA grew 2.5% to $20.2 million, while net profit declined 25.7% to $3.6 million. The 2023 net profit included a benefit of $0.7 million related to 2022 research and development grants. A fully franked dividend of 2.5 cents per share was paid in September 2024. The company's net tangible assets per security as at 31 December 2024 was negative 12.6 cents per share, compared to negative 12.7 cents per share in the prior year. The independent audit report being prepared will not be subject to a modified opinion, emphasis of matter or other matter paragraph.