• Annual recurring revenue (ARR) grew 16% to $11.0M
• Paid mobile subscribers grew 54% to 40k
• Revenue from continuing operations increased 12% to $10.3M
• EBITDA improved 96% to $(0.1M), reflecting stronger operational efficiency

Spacetalk Ltd (ASX: SPA) has reported its half-year results for the six months ended 31 December 2024 (1H25). The company delivered strong performance, with annual recurring revenue (ARR) growing 16% to $11.0M, paid mobile subscribers increasing 54% to 40k, and revenue from continuing operations rising 12% to $10.3M. Gross profit from continuing operations increased 24% to $5.2M, and expenses decreased 23% to $5.4M, contributing to improved profitability. EBITDA improved 96% to $(0.1M), reflecting stronger operational efficiency. The company also completed a debt restructuring post-period end, freeing up $0.75M over the next 12 months and providing greater financial flexibility. Spacetalk's CEO and Managing Director, Simon Crowther, highlighted the company's progress in evolving from a loss-making kids' wearables company into a cash-generating, software-driven, hardware-supported subscription platform, providing comprehensive family safety solutions.

Spacetalk remains focused on delivering $20-25m ARR in 2026.

Spacetalk has an ambitious product development schedule in the coming quarters, including the next generation of kids' and seniors' hardware and an entirely new software experience for its customers and users. These initiatives are expected to drive subscriptions as the company executes on its strategy.