Half Year Results Presentation
| Stock | 5G Networks Ltd (5GN.ASX) |
|---|---|
| Release Time | 27 Feb 2025, 10:06 a.m. |
| Price Sensitive | Yes |
5G Networks Ltd Reports Strong 1H FY25 Results
- Strong cash position of $58 million at 31 December 2024
- Revenue and other income grew 15% compared to prior period
- EBITDA from normal operations increased 150% on prior period
5G Networks Ltd (5GN) has reported its financial results for the first half of fiscal year 2025, highlighting continued growth and strong performance. The key highlights include:- Strong cash position of $58 million at 31 December 2024- Revenue and other income from continuing operations of $28.1 million, representing a 15% increase compared to the prior comparative period (PCP)- Revenue growth was experienced across all key segments, including Cloud (20.5%), Data Centre (53%), and Managed Services (43%), assisted by the Security Shift acquisition- EBITDA from normal operations of $0.979 million, an increase of 150% on the PCP- Net Profit after tax of $6.3 million- Appointment of Mr Hugh Robertson to the Board of 5GNThe company's financial position remains robust, with a strong cash balance and improvements in gross margin and profitability. 5GN continues to invest in strategic initiatives, including the acquisition of an 11% stake in AUCyber and a share buyback program.
5GN reported revenue of $28.1 million and EBITDA of $0.979 million for the 6 months ended 31 December 2024, representing growth of 15% and 150% respectively compared to the prior comparative period.