• Revenue up 9.4% to $12.9M
• Net Profit after tax up 62.6% to $1.7M
• EBITDA up 21.8% to $4.7M

Transmetro Corporation Limited has reported its financial results for the half-year ended 31 December 2024. Total Revenue from continuing operations increased 9.4% to $12.9M, while the consolidated entity's EBITDA from continuing operations increased 21.8% to $4.7M. Net Profit after tax for the period was $1.7M, up 62.6% compared to the previous corresponding period. The company's principal continuing activities consist of a network of accommodation hotels. There were no acquisitions or disposals of subsidiaries or businesses during the period. The company's freehold properties were valued using an income approach with a capitalisation rate of 9.0% and terminal yield of 9.0%. The company discontinued the leases of two properties, The Palace Hotel since 1877 Sydney and Metro Apartments Bank Place at Melbourne, in April 2024.

For the financial year ending 30 June 2025, the company expects revenue and EBITDA to continue growing at a similar rate to the first half of the 2025 financial year.

The company remains focused on growing its network of accommodation hotels and improving operational efficiency. Management is confident in the company's ability to deliver sustainable growth in the coming years.