• Energy Management revenue grew 6.6%, offsetting declines in Energy Procurement
• Received $615,753 in R&D tax incentives
• Reduced operating expenses by 5% through cost savings initiatives

Energy Action Limited reported a 116% increase in statutory profit after tax to $924,259 for the half-year ended 31 December 2024, compared to $427,622 in the prior corresponding period. Total revenue declined by 7% to $5,324,156, primarily due to a 16.9% decrease in the Energy Procurement segment. However, the Energy Management segment showed positive growth, with revenue increasing by 6.6% to $2,637,290. The company also received a $615,753 Research and Development Tax Incentive, which was not included in the prior corresponding period. Operating expenses were reduced by 5% to $5,015,595, driven by savings in channel partner rebates, computer maintenance, legal and professional fees, and finance costs. The company continues to focus on improving acquisitions, retentions, customer service, and enhancing the Energy Management offering, with the goal of growing future contract revenue for annuity-based revenue streams.