• Group Operating Revenues of $14.7m, flat on pcp, up 11% excluding Sash and Waggly
• Achieved Group Cash EBITDA positive for 1H FY25 of $0.3 million, a 172% improvement
• Group Operating Cash flow of $0.8 million, with $4.0 million of cash

Mad Paws Holdings Limited (ASX:MPA), Australia's leading online pet ecosystem, has released its half-year results for the 6 months ended 31 December 2024. The company achieved Group Operating Revenues of $14.7 million, flat on the prior corresponding period (pcp), but up 11% excluding the impact of the Sash and Waggly businesses. The Marketplace division delivered 12% operating revenue growth to $4.8 million, driven by a 5% increase in bookings and a 6% increase in average booking values. The e-Commerce division, excluding Sash and Waggly, increased revenues by 11%. The company achieved positive Group Cash EBITDA of $0.3 million for the first half of FY 2025, a 172% improvement compared to the prior corresponding period. Segment Operating EBITDA for 1H FY25 was positive at $2.2 million, a 76% increase, and the Ecommerce division reached EBITDA breakeven, marking a $0.5 million improvement. The company also reported positive Group Operating Cash flow of $0.8 million, with $4.0 million of cash on hand. The company is focused on aligning the group and its segments on key priorities to maximize future opportunities and further accelerate growth, with $1.9 million remaining in SWM media contra to be deployed in H2 FY25.

The company expects to see robust growth as it approaches its next growth period leading up to Easter, building on the positive momentum in 1H FY25.

Mad Paws is focused on aligning the group and its segments on key priorities to maximize future opportunities and further accelerate growth, with $1.9 million remaining in SWM media contra to be deployed in H2 FY25.