Half Year Results Presentation

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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
Key Points
  • 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
Full Summary

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.

Guidance

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.