Half Yearly Report and Accounts

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Stock Asset Vision Co Ltd (ASV.ASX)
Release Time 27 Feb 2025, 9:05 a.m.
Price Sensitive Yes
 Asset Vision Co Ltd Reports Strong H1 FY25 Results
Key Points
  • Revenues up 30.5% to $2.41 million
  • Profit up 142.7% to $93,618
  • Positive operating cash flows of $862,103
Full Summary

Asset Vision Co Limited has reported a strong financial performance for the first half of the 2025 financial year. The company's revenues from ordinary activities increased by 30.5% to $2,410,126, while profit from ordinary activities after tax attributable to the members of Asset Vision Co Limited was up 142.7% to $93,618. The profit for the Group after providing for income tax amounted to $93,618, compared to a loss of $219,054 in the previous corresponding period. The results for the current half-year included significant non-cash items such as fair value adjustments of $370,975 related to the cost of shares and options issued to current directors and employees, and depreciation and amortisation expenses totalling $195,171. Licensing revenue grew by 26% compared to the previous corresponding period, reaching $1.9 million, driven by an increase in high-value contract wins and an expanding customer base. The introduction of new products also contributed to the rise in licensing revenue. The Group is now debt-free and generating positive cash flow, with operating cash inflows of $862,103 supported by the R&D tax offset. Net assets now stand at $5.1 million, reflecting a $0.5 million increase since 30 June 2024.