• Revenue down 42% to $5.27M, loss up 438% to $3.08M
• Net tangible assets per share down from $0.0044 to $0.0029
• Material uncertainty related to going concern

Activeport Group Ltd reported a 42% decline in revenue to $5.27M and a 438% increase in loss to $3.08M for the half-year ended 31 December 2024. The company's net tangible assets per share decreased from $0.0044 to $0.0029. The auditor's review report included a material uncertainty related to going concern, noting that the group incurred a loss of $3.08M, had net operating cash outflows of $1.47M and net financing cash outflows of $1.45M for the half-year. The company continued to work on managing its balance sheet, reducing debt from $4.8M at 30 June 2024 to $2.1M at the time of the report. The company expects to further reduce this balance when an offset facility in an anticipated transaction with Radian Arc is completed. Activeport is focused on growing its recurring revenue base and gross margins, with new software license sales projects added across Asia, India and the Middle East, and progress on longer-term projects with tier-one telcos. The company is also working on new self-service ethernet products and GPU orchestration products for the AI sector.