Appendix 4D and Half Year Financial Report
| Stock | Ambertech Ltd (AMO.ASX) |
|---|---|
| Release Time | 25 Feb 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Ambertech Reports Mixed First Half FY2025 Results
- Revenue down 11% to $45.4m, driven by softer trading conditions in professional segment
- Integrated Solutions and Retail segments performing well, with revenue up 6% and 32% respectively
- EBIT of $0.4m, Net Loss After Tax of $(0.3m) due to softer revenues and one-off restructure costs
Ambertech Limited (ASX:AMO) today announced its financial results for the six-month period ending 31 December 2024 (1H FY25). The company reported revenue of $45.4m, down 11% on the prior corresponding period, driven by softer trading conditions in the professional segment which included minor delays to several larger projects. Despite these challenges, the Integrated Solutions and Retail segments performed well, with revenue up 6% and 32% respectively. Gross profit margin remained stable at 33.3%. EBIT was $0.4m (H1 FY24: $2.9m) and the company recorded a Net Loss After Tax of $(0.3m) (H1 FY24 NPAT: $1.6m), impacted by the softer revenues and one-off restructuring costs of $337,000. Inflationary pressures and subdued consumer spending contributed to the softer demand, particularly in the Hi-Fi and musical instruments categories. In response, the company has realigned its cost base to improve operational efficiency and position itself for future growth. The company is optimistic that a recovery will be seen in the second half of the year, with a significant pipeline of project and capital equipment supplies to be delivered. Improvements have already started with revenue from delayed contracts totalling approximately $8.0m being recognised post 31 December 2024 or expected to have delivery dates prior to 31 March 2025.
The company expects a material improvement in financial performance in the second half of FY2025, driven by an uplift in trading in January and February and a significant pipeline of project and capital equipment supplies to be delivered.
The company is optimistic that a recovery will be seen in the second half of the year, with a significant pipeline of project and capital equipment supplies to be delivered. Ongoing business development activity is continuing to uncover further growth opportunities which the company expects to capitalise on as overall market conditions improve in future periods.