• Revenue up 4.9% to $1.55 million
• Gross profit up 0.67% to $889,846
• Net profit after tax of $62,947, up 232.02%
• Successful insurance trial extended to June 2025

DataDot Technology Limited has reported a first half-year profit after tax of $62.9k from its trading operations. Total revenue for the half year is up by $72.2k (4.9% from the previous corresponding period) to $1,549.7k. Royalty revenues were $186.8k, an increase of $39.4k (26.8%) from the previous corresponding period. Product sale revenues were $1,201.7k, a decrease of $29.6k (2.4%) from the previous corresponding period. Licence fees were $126.9k, an increase of $55.7k (78.3%) on the previous corresponding period. Cost of sales were $659.9k, an increase of $66.2k (11.2%) from the previous corresponding period. Overheads were $1,007.5k, an increase of $55.5k (5.8%) from the previous corresponding period.The company has made meaningful progress in its collaboration with the insurance sector, with its trial alongside a Tier 1 insurer yielding early asset recovery successes. These initial recoveries have validated the effectiveness of the company's solution and strengthened its confidence in its potential to become a mainstream service within the insurance industry, with the trial being extended until 30 June 2025.The company is actively transforming into a full-service integrated digital and physical ID provider, expanding beyond its traditional business to deliver comprehensive identification and recovery solutions. The company remains confident in its ability to navigate global uncertainties and is highly optimistic about the trajectory of its Insurance Services trial, which it plans to expand to additional insurers.

The company expects to achieve a break-even net profit for FY 2025, with continued expansion in microdot sales in the UK and strong performance in Trace. Strategic price adjustments are expected to mitigate rising product costs, sustaining the company's revenue growth trajectory.

The company's focus is on transitioning the Insurance Services trial into a business-as-usual model that can be seamlessly integrated into insurer operations, delivering ongoing benefits to policyholders and industry stakeholders alike. The company plans to expand this offering to additional insurers, reinforcing its position as a trusted partner in asset protection and recovery.