Half Year Accounts

• Revenue of $4,864,289, down 38% from previous period
• Loss from continuing operations of $1,731,631, up 84.68%
• Net loss of $1,840,028, up 96.24%
• No interim dividend declared

Inventis Limited has reported its half year accounts for the period ended 31 December 2024. The group's revenue for the half year was $4,864,289, which is 38% lower than the same period last year. The company reported an EBITDA of ($870,204) at 31 December 2024, compared to $364,640 in the previous corresponding period. The loss from continuing operations after tax attributable to members was $1,731,631, an increase of 84.68% compared to the previous corresponding period. The net loss for the period attributable to members was $1,840,028, up 96.24% from the previous corresponding period. No interim dividend has been declared. The financial results reflect the reclassification and removal of Electronic Circuit Design (ECD) as a discontinued operation. The 49% investment in Winya Associates delivered strong performance during the period, with revenue reaching $7.99 million, an increase of 48% compared to the same period last year. The Technology Division has made significant progress in expanding its pipeline, with numerous international quotes finalised during the Q2 period. The Furniture Division was affected by delayed tenders and contracts, which are expected to be resolved in Q3 and Q4. The company is focused on aligning costs with income, implementing cost reduction measures, and exploring funding options to meet the group's capital requirements.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics.

The company is focused on aligning costs with income, implementing cost reduction measures, and exploring funding options to meet the group's capital requirements. The company is also committed to becoming more technology-driven and focused, with new product development and engineering initiatives currently underway.