Appendix 4D & Half Year Report to 31 December 2024
| Stock | CPT Global Ltd (CGO.ASX) |
|---|---|
| Release Time | 28 Feb 2025, 10:30 a.m. |
| Price Sensitive | Yes |
CPT Global Reports Half Year Results for FY2025
- Northern Hemisphere continues strong performance, with growth in Canada, USA and Europe
- Southern Hemisphere market conditions remain competitive, but demand for cost optimization, modernization and ERP transformation services
- Mainframe security services and reducing legacy software dependency driving demand
CPT Global Limited (ASX:CGO) has reported its financial results for the half-year ended 31 December 2024. The company recorded revenue of $11,858,936, a 5% increase compared to the previous corresponding period. Profit before tax was $40,419, with a net loss after tax of $438,890. The net loss includes an accounting adjustment of $449,240 relating to Long Term Incentives (LTI) for prior year balances. Excluding this adjustment, the net loss before tax would have been $246,974. The Northern Hemisphere continues to perform well, supported by a growing pipeline, strong client demand, and an effective global delivery model. CPT is targeting growth opportunities in Canada, the USA, and Europe through enhanced sales strategies and deeper client engagement. In the Southern Hemisphere, market conditions remain competitive, but organizations are increasingly prioritizing cost optimization, modernization, and ERP transformation - areas where CPT has deep expertise. The company's refined Go-to-Market strategy is focused on high-value markets, particularly in Mainframe and Testing services across government and private sectors. CPT is also expanding its presence beyond Melbourne into Sydney, Canberra, and Singapore.CPT's mainframe security services continue to gain traction, and clients look to reduce dependency on legacy software providers. These initiatives are driving demand for CPT's expertise in security assessments, modernization, and transformation strategies. The company's capabilities were recognized in the '2025 Information Services Group Provider Lens' report, earning Product Challenger status in Mainframe Optimisation services, and Contender status in Application Modernisation and Mainframe Operations solutions.Collaborations with key technology providers and industry partners remain central to enhancing service delivery, expanding CPT's market reach, and strengthening the company's competitive position. CPT continues to explore automation tools to streamline internal operations and enhance service offerings, improving efficiency and client outcomes.Looking ahead, CPT Global remains confident in its trajectory, with the strong foundations built providing significant opportunities for growth. The company will continue to execute key initiatives, strengthen market presence, and drive business performance to deliver exceptional client outcomes and reinforce its position as an industry leader.