Key points
- Revenue of $46,788k down 7%
- Gross profit of $5,886k down 1%
- Statutory profit of $615k up 189%
- EBITDA of $724k up 45%
- $3.5 million cash available, no debt
Full summary
Ignite Ltd (ASX: IGN) has released its results for the half-year ended 31 December 2024. The company reported a 7% decline in revenue to $46,788k, but a 1% decrease in gross profit to $5,886k. Gross profit margin improved from 11.8% to 12.6%. Statutory profit increased by 189% to $615k, and EBITDA was up 45% to $724k. The company had $3.5 million in cash available and no debt as of 31 December 2024. The Board has declared an interim dividend of $0.035 per share, fully franked. Executive Director Cameron Judson stated that the company's focus continues to be on understanding, measuring, and rewarding employees for their productivity, performance, and contribution to profit. The leadership team is committed to continuing the successful turnaround of Ignite and anticipates delivering further half-on-half and year-on-year profit improvement in FY25.
Outlook
The leadership team is committed to continuing the successful turnaround of Ignite and anticipates delivering further half-on-half and year-on-year profit improvement in FY25.