• Total revenue of $27.05m, up 0.3% on previous period
• Underlying EBITDA of $2.4m, down 19% due to investment in Global business
• Strongest half on record with $5.9m in new ARR secured

Comms Group Limited (ASX:CCG) has released its financial results for the half year ended 31 December 2024 (1H FY25). Total revenue was $27.05m, an increase of 0.3% on the previous corresponding period. Underlying EBITDA for the half was $2.4m, a decrease of 19% on the previous corresponding period, primarily driven by further investment in additional staff for the Global business to support future growth. The company reported its strongest half on record with new business contracts signed worth $5.9m in new ARR. Revenue from these new contracts will start to flow in the 2nd half of FY25. Comms Group also recently completed key security certifications, including ISO27001:2022, SOC 2 and UK Cyber Essentials, to unlock further opportunities with enterprise and government customers in the UK, Europe and North America. For the full year FY25, the company expects group revenues of $55m to $57m and underlying EBITDA of $5.0m to $6.0m as it continues to invest in the Global business and revenue from recent contract wins starts to flow. An interim dividend of 0.125c ($0.00125) per share (fully franked) has been declared.

For the full year FY25, Comms Group expects group revenues of $55m to $57m and underlying EBITDA of $5.0m to $6.0m.

Comms Group is seeing a strong pipeline of quality deals emerge and expects to see increasing revenues from its strategic partners, particularly in the Asia Pacific region where it has expanded its footprint and licensing.