• Revenue up 17.8% to $57.8 million
• Profit after tax up 11.5% to $4.1 million
• Interim dividend of 1 cent per share declared

COSOL Limited has released its Appendix 4D and Interim Financial Report for the six-month period ended 31 December 2024. The company reported revenue of $57.8 million, up 17.8% from the prior corresponding period, and profit after tax of $4.1 million, an increase of 11.5%. COSOL's business continues to thrive as a trusted digital solutions partner for asset-centric customers, delivering exceptional value through innovation, efficiency, and operational excellence. The company has maintained strong organic revenue growth, driven by its commitment to enhancing customer experience and optimising digital transformation strategies. COSOL completed the acquisition of Toustone Pty Ltd during the period, which has resulted in immediate revenue synergy opportunities within the existing customer base. The company also saw growth of 23% in its asset management professional services business and an uplift in being engaged for digital transformation advisory projects. COSOL has declared an interim fully franked dividend of 1 cent per share, maintaining its track record of generous shareholder distributions since listing.

COSOL expects to deliver continued revenue and profit growth in the 2025 financial year, driven by strong organic growth and the contribution from recent acquisitions. The company has not provided specific financial guidance.

COSOL remains focused on delivering exceptional value to its customers through innovation, efficiency, and operational excellence. The company is well-positioned to continue its growth trajectory, leveraging its proprietary software and services to optimise business processes and reduce costs for clients in asset-intensive industries.