Half Yearly Report and Accounts

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Stock Rma Global Ltd (RMY.ASX)
Release Time 27 Feb 2025, 11:12 a.m.
Price Sensitive Yes
 RMA Global Ltd Reports Profitable First Half
Key Points
  • Expanded and enhanced product offerings, including acquisition of Curated Social
  • Successful strategic partnership with major US brokerage Realty One Group
  • Achieved first-ever profitable half-year for underlying EBITDA
Full Summary

RMA Global Ltd has reported a significant milestone in its transformation, achieving its first-ever profitable half-year for underlying EBITDA in H1 FY25. The company reported total revenue and other income of $9.9 million, up 7% compared to the prior corresponding period, driven by a 4% increase in recurring revenues to $9.6 million. The revenue growth was primarily supported by the company's US operations, which expanded by 6% to $2.4 million, and its New Zealand business, which continued strong momentum, growing by 28% to $1.1 million. Australia, RMA's most established market, remained stable at $6.1 million.The company made significant improvements to its platform, including the launch of the Price Expert Badge, upgraded agent pages, and a suite of AI-assistant capabilities. Additionally, the acquisition of Curated Social, a US-based provider of social media content for agents, has expanded RMA's product offering. RMA also executed a strategic partnership deal with Realty One Group, a major US brokerage, which validates the company's enterprise-level strategy and strengthens its position in the market. This agreement not only unlocks a direct revenue stream but also enhances RMA's ability to offer premium services to 20,000 agents within the brokerage.The disciplined approach to cost management, alongside revenue growth, resulted in an underlying EBITDA profit (excluding significant one-off items) of $0.2 million for H1 FY25, compared to a loss of $1.7 million in the prior corresponding period.

Outlook

RMA is committed to expanding its services, deepening industry relationships, and driving sustained growth. The combination of innovation, strategic partnerships, and financial discipline positions the company well to capitalize on the opportunities ahead and continue delivering value to its shareholders.