2024 Full Year Results Presentation
Stock | Frontier Digital Ventures Ltd (FDV.ASX) |
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Release Time | 28 Feb 2025, 9:05 a.m. |
Price Sensitive | Yes |
2024 Full Year Results Presentation
- Statutory revenue of A$68.1m, up 2% on 2023
- Operating EBITDA of A$3.1m, down 36% on 2023
- Significant investment in long-term product opportunities in 2024
FDV reported statutory revenue of A$68.1m in 2024, a 2% increase on 2023, while group operating revenue reached A$80.8m. EBITDA from associates was A$1.3m, up 13% on 2023. Statutory EBITDA declined 52% to A$1.8m, impacted by a 6% increase in operating expenses, primarily driven by higher production costs and advertising & marketing related to new product initiatives. FDV made significant investments in long-term product opportunities in 2024, including scaling up Iris and Centrify in 360 LATAM, completing Yapo's replatforming project, and launching Avito's dedicated new and secondary property websites in MENA Marketplaces Group. The company is currently in the process of divesting its shareholdings in PropertyPro and Hoppler, and has initiated a strategic review aimed at maximizing shareholder value, with a focus on 360 LATAM. FDV is committed to achieving positive free cash flows in 2025 by optimizing its revenue mix, product set, and operational efficiency to grow sustainably.
FDV is committed to achieving positive free cash flows in 2025 by optimizing revenue mix, product set and operational efficiency to grow sustainably.