• Revenues up 6% to $24.9 million
• Gross margins increased from 35% to 41%
• Adjusted EBITDA loss reduced to $60,000
• Acquired two new businesses, Border Pumpworks and Auswater Systems

De.Mem Ltd (ASX:DEM) provides water and waste treatment equipment, services, specialty chemicals, pumps and consumables to industrial customers across various sectors. In 2024, the company's revenues increased by 6% to $24.9 million, with a 27% increase over the past two years. Cash receipts also grew by 15% to $28.4 million. The company's focus on high-margin recurring revenue segments, such as service and specialty chemicals, contributed to a significant improvement in gross margins from 35% in 2023 to 41% in 2024. In absolute terms, gross margin increased from $8.4 million to $10.2 million. The company's adjusted EBITDA loss for the year was reduced to $60,000, compared to a loss of $713,000 in 2023, $1,280,000 in 2022, and $2,249,000 in 2021. This improvement was driven by the company's transition to recurring revenue segments and the integration of two new acquisitions, Border Pumpworks and Auswater Systems, during the year. De.Mem ended the year with a strong balance sheet, including $3.6 million in cash and cash equivalents and net assets of $12.9 million, providing the company with the ability to fund further growth through strategic acquisitions and/or additional Build, Own, Operate contracts.