• Group revenue up 14% to $28.8M
• ARR up 18% to $54.9M
• EBITDA up 48% to $7.4M
• Net profit before tax up 144% to $3.9M

Energy One Limited has reported a strong set of financial results for the first half of FY24, with the Group experiencing robust growth across key metrics. Group revenue (and other income) increased by 14% to $28.8M, while Annual Recurring Revenue (ARR) as at 31 January 2025 was up 18% to $54.9M compared to the prior comparative period. EBITDA increased by 48% to $7.4M, and the Group's net profit before tax was up 144% to $3.9M. The company has attributed this performance to the benefits of its prior business restructuring, which has enabled greater operational efficiencies, improved margins, and increased ability to scale the business. Energy One has also made progress in developing its global, matrix-structured operating model, building out functional teams and organizing sales, marketing, and customer success on a geographic basis. The company has delivered 47 new customer installations in the last 12 months, increasing its total installations to 430 across 350 unique customers. Energy One remains focused on supporting customers through the energy transition, with strong growth expected in areas such as renewables, batteries, and hydrogen. The company is also progressing towards ISO 27001 certification for its cybersecurity capabilities. While not providing specific guidance, the company expects the second half of FY25 to be stronger than the first half, and is targeting organic recurring revenue growth of 15-20% per year over the medium term, with a goal of reaching Cash-EBITDA margins approaching 30% by around FY27.

Over the medium term (next 2-3 years), Energy One expects to deliver organic recurring revenue growth in the range of 15% - 20%+ per year, with a goal of achieving Cash-EBITDA margins approaching 30% by around FY27.

Energy One remains committed to supporting its customers through the energy transition, with strong growth expected in areas such as renewables, batteries, and hydrogen. The company is also progressing towards ISO 27001 certification for its cybersecurity capabilities, which it expects will provide a competitive advantage.