PKD FY25 Half Year Results Announcement
| Stock | Parkd Ltd (PKD.ASX) |
|---|---|
| Release Time | 28 Feb 2025, 10:38 a.m. |
| Price Sensitive | Yes |
Parkd Ltd reports 1H FY25 results, signs 5-year licence deal with Fielders
- Substantial completion of Audi Centre Myaree and John Hughes Forward Street projects
- Exclusive 5-year licence agreement signed with Fielders to exploit Parkd's IP and trademarks
- 508% increase in revenue from $1M in 1H FY24 to $6M in 1H FY25
Parkd Ltd (ASX:PKD) has reported a successful first half of the 2025 financial year, with substantial progress on key projects and the signing of a significant licensing agreement. The company achieved 508% revenue growth, from $1 million in 1H FY24 to $6 million in 1H FY25, driven by the completion of the Audi Centre Myaree and John Hughes Forward Street projects. These projects showcased the performance and benefits of Parkd's Metal Deck Support System (MDSS) and Metal Deck Support Bracket (MDSB), which were closely evaluated by Fielders (a division of BlueScope Steel) under an existing heads of terms agreement. In February 2025, Parkd entered into a 5-year exclusive licence agreement with Fielders for the manufacture, marketing, distribution and sale of the MDSB and MDSS systems in Australia, as well as the exclusive first right to negotiate additional international licences. This partnership with Fielders is expected to drive the scale adoption of Parkd's solutions nationally and internationally. The company also delivered further technical, design and consulting works to support its 2H FY25 and FY26 project pipelines. Looking ahead, Parkd and Fielders will work on promotional and marketing strategies to commence exploiting commercial opportunities as a complete engineered solution, while Parkd will also review its Continuously Voided Beam (CVB) technology for broader applications across the construction industry.
In partnership with Fielders, Parkd will commence preparing promotional materials and a marketing strategy in 2H FY25 to commence exploiting commercial opportunities as a complete engineered solution for projects commencing in FY26. Parkd will also commence a strategic review of its CVB technology and its ability to add broader value to the construction industry across all sectors.