• Revenue up 155% to $377.8 million
• Net profit up 1,699% to $78.9 million
• Completed acquisition of remaining shares in Lonsec

Generation Development Group Ltd (GDG) has released its Appendix 4D Half Year Report for the period ended 31 December 2024. The company reported a 155% increase in revenue from ordinary activities to $377.8 million, and a 1,699% increase in net profit attributable to members to $78.9 million, compared to the previous corresponding period. This strong performance was driven by GDG's acquisition of the remaining shares in Lonsec, which was completed on 1 August 2024. Lonsec's contribution to the Group's revenue was $37 million, and its contribution to net profit was $6.4 million. The effective date of the Lonsec acquisition was 1 July 2024. GDG has declared an interim dividend of 1 cent per share, fully franked, with an ex-dividend date of 10 March 2025 and a payment date of 3 April 2025. The company's dividend reinvestment plan will be in operation for this dividend. The report also includes details on GDG's net tangible assets per security, which have been temporarily impacted by the Lonsec acquisition, but the company expects the strategic use of intangible assets to position it for sustainable growth.