Half Yearly Report and Accounts

Open PDF
Stock HITIQ Ltd (HIQ.ASX)
Release Time 28 Feb 2025, 3:29 p.m.
Price Sensitive Yes
 HITIQ Ltd Reports H1 FY25 Results
Key Points
  • Premier League partnership extended with 60% increase in annual contract value
  • Strategic leadership appointments to drive global growth
  • Funding secured through $3M increase in convertible note facility
  • World Rugby approves HITIQ's instrumented mouthguard technology
Full Summary

HITIQ Limited (ASX: HIQ) achieved several key milestones during the December 2024 half year, reflecting its ongoing growth trajectory and commitment to delivering world-class solutions in the health and performance sector. The company extended its agreement with the Premier League for an additional 18 months, representing a 60% increase in annual contract value. This strengthens HITIQ's position as a trusted technology provider in elite sports. The company also announced the appointment of several strategic leaders, including Executive Chairman Earl Eddings, CFO Andrew Hart, and Chief Marketing Officer Chris Davis, to drive its global ambitions. HITIQ secured additional funding through a $3 million increase in its convertible note facility, which will support operational and strategic initiatives. Furthermore, the company's instrumented mouthguard technology was approved by World Rugby, opening significant commercial opportunities in the global rugby market. HITIQ also signed a landmark agreement with Australia's premier sports high school, Westfield Sports High, marking its entry into the school sports market. The company was granted two US patents related to its Nexus technology, further strengthening its intellectual property portfolio.