Half Yearly Report and Accounts

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Stock Ep&T Global Ltd (EPX.ASX)
Release Time 21 Feb 2025, 9:16 a.m.
Price Sensitive Yes
 EP&T Global Releases Half Yearly Report and Accounts
Key Points
  • Revenue up 16% to $7.5 million
  • Loss down 9% to $1.7 million
  • Underlying EBITDA loss reduced by 96% to $20,196
  • Acquired Coda Cloud technology in the UK
Full Summary

EP&T Global Limited has reported its half-yearly results for the period ended 31 December 2024. The company's revenue increased by 16% to $7.5 million, while the loss after income tax reduced by 9% to $1.7 million. Underlying EBITDA, a key financial measure for the group, improved significantly, with the loss reduced by 96% to $20,196. The company's Annualised Contract Value (ACV) and Annualised Recurring Revenue (ARR) also grew, by 15.5% and 14.8% respectively. During the period, EP&T Global acquired the technology and related business assets of Coda Cloud Limited in the UK, which provides energy management solutions for industrial properties. The acquisition provides the company with a strong foothold in the UK market and the opportunity to expand the use of the Coda technology. Overall, the results demonstrate progress in the company's financial and operational performance, with the acquisition of Coda Cloud expected to further strengthen the business going forward.

Guidance

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Outlook

The company did not provide any forward-looking outlook in the announcement.