Key points
- Total revenue up 2% to $71.2 million
- Recurring revenue of $70.7 million, representing 99% of total revenue
- Underlying cash EBITDA up 7% to $16.7 million, with stable margins
Full summary
Infomedia Ltd (ASX: IFM) announced its half year financial results for the 6 months ended 31 December 2024 (1H25). Total revenue grew by 2% to $71.2 million, with recurring revenue accounting for 99% of total revenue at $70.7 million, an increase of 3% on the prior corresponding period (pcp). Underlying cash EBITDA increased by 7% to $16.7 million, and the underlying cash EBITDA margin remained stable at 23%. Underlying free cash flow was $17.2 million, up 62% on pcp. The company has a solid balance sheet with $78 million cash on hand and no debt, providing flexibility for continued growth. Infomedia continued to execute on its strategy, strengthening the leadership teams in EMEA and Americas regions, bolstering R&D capacity, and finalizing the joint data landing between SimplePart and Microcat. The company also announced the strategic acquisition of 50% of the European AI start-up Intellegam, which will help accelerate its innovation agenda. Infomedia reaffirmed its guidance of total revenue in the range of $142 million to $149 million, with stable margins.
Guidance
Infomedia reaffirms guidance of total revenue in the range of $142 million to $149 million, with stable margins.
Outlook
Infomedia's three main priorities over the coming period are: strengthening the regional sales team in EMEA and Americas, the rebuild of Infodrive CX tech stack, and the integration of Intellegam.