• Returned to positive EBITDA of $0.2m and positive Underlying Operating Cashflow of $0.12m
• Total Revenue of $8.9m with 88% Recurring
• Cornerstone Client re-contracted for a further 3 years at $1.15m per annum

Hubify Ltd (ASX:HFY), a leading provider of ICT Managed Services and Cyber Security to Australian businesses, has announced its financial results for the half year to December 2024. The company reported a return to positive EBITDA of $0.2m and positive Underlying Operating Cashflow of $0.12m for 1H FY25. Total Revenue was $8.9m, with 88% Recurring Revenue. Hubify also announced that it has re-contracted a Cornerstone Client for a further 3 years at $1.15m per annum, representing a Total Contract Value of $3.45m. The company's loss after tax was reduced by 81% to $0.42m compared to the prior corresponding period. Hubify has focused on growing its contracted managed services revenue with SMEs, with MSP revenue up 4% and Professional Services up 51% on the prior corresponding period. The company has also successfully achieved ISO 27001 accreditation, enhancing its cybersecurity capabilities. Hubify CEO Victor Tsaccounis stated that the company has returned to profit after a challenging transformation period in FY24, and is excited about the path ahead as it continues scaling its impact in the SME and enterprise markets.

Hubify expects to continue its growth trajectory, with the re-contracting of its Cornerstone Client for a further 3 years at $1.15m per annum (Total Contract Value $3.45m).

Hubify is focused on driving quality revenue growth that delivers profit for shareholders. The company continues to explore accretive acquisition opportunities in the fragmented Managed Services and Communications markets.