• Revenue declined 12% vs FY24 H1 due to macroeconomic conditions and challenging tech/AdTech markets
• EBITDA improved 10% vs FY24 H2 while expenses reduced 3% from prior half
• Balance sheet with net cash of $42.4 million and 86% cash conversion rate supporting 1.5 cents per share interim dividend

Enero Group Limited (ASX:EGG) has reported its results for the six months ended 31 December 2024 (FY25 H1), highlighting a 12% decline in net revenue to $88.3 million and a 31% decline in EBITDA to $15.7 million compared to the prior year. This was driven by subdued macroeconomic conditions and challenging technology and AdTech markets. Despite the revenue and EBITDA declines, the company's cost initiatives undertaken in FY24 Q4 and an ongoing efficiency focus led to a 6% year-over-year reduction in total expenses. Net profit after tax attributable to equity holders declined 52% to $3.2 million. The company's Technology, Healthcare and Consumer Practice saw EBITDA growth of 17% in FY25 H1 compared to the prior half, reflecting an improved margin of 16%. The OBMedia segment reported a 2% decline in EBITDA, impacted by challenging AdTech market conditions. Enero remains focused on maximizing value for shareholders through continuing negotiations with interested parties to acquire its 51% interest in OBMedia. The company's strong balance sheet, with net cash of $42.4 million and a cash conversion rate of 86%, supported an interim dividend of 1.5 cents per share, fully franked.