Key points
- Delivered core business growth and improved customer service
- Reduced debt and focused on profitable growth and positive cashflow
- Maintained technology investment to ensure service quality
Full summary
Energy Action Ltd, a leading provider of energy and emissions procurement and management services, has reported its H1 FY25 results. The company has delivered core business growth and continued to improve customer service, with its technology platform Utilibox playing a key role. Energy Action has reduced its overall debt, with a focus on profitable growth and positive cashflow to pay down both senior debt and loans with directors. The company has maintained its investment in technology to ensure service quality, while managing operating expenses well. Revenue declined by 7% compared to the prior corresponding period, with growth in energy management offsetting declines in energy procurement. EBITDA improved by 33%, and statutory profit after tax increased by 116%. The company's balance sheet remains strong, with a 40% improvement in net assets. Energy Action is cultivating a high-performance culture and continuing to scale its sales and marketing activities to capture greater market share in Australia.