• Revenue of $17.6m, down 7% on pcp, driven by lower product implementation revenue
• Material reduction in operating expenses, down 24% on pcp, following cost restructure
• Positive Underlying EBITDA of $0.5M - Operating leverage to be expanded further as revenue increases

Alcidion Group Ltd (ASX: ALC) reported its H1 FY25 results, with revenue of $17.6m, down 7% on pcp, driven by lower product implementation revenue as project work for Leidos Australia nears completion. The company has seen a material reduction in operating expenses, down 24% on pcp, following a cost restructure in Q3'24, resulting in positive Underlying EBITDA of $0.5M. Alcidion is confident of delivering a positive EBITDA and cashflow result for the full year FY25, with $39.5M in contracted and renewal revenue, including the recently signed deals with Hywel Dda and North Cumbria. The company has a strong cash balance of $7.7M and no debt, positioning it well for the stronger H2 period. Alcidion's modular Miya Precision platform continues to gain traction, with several new contract wins and successful deployments in H1 FY25, further strengthening the company's market position and growth opportunities in Australia, the UK, and other key markets.

Alcidion is confident of delivering a positive EBITDA and cashflow result for the full year FY25, with $39.5M in contracted and renewal revenue.

Alcidion is confident of delivering a positive EBITDA and cashflow result for the full year FY25, with strong momentum building for its solutions across existing markets. The company's cash balance of $7.7M and no debt position it well for the stronger H2 period.