• Revenue increased 42% to $19.0 million
• Loss after tax increased 102% to $14.5 million
• Underlying EBITDA loss of $10.7 million, up 232%

Halo Technologies Holdings Ltd has reported its financial results for the year ended 31 December 2024. The company's revenue from ordinary activities increased 42% to $19.0 million, while the loss after tax attributable to owners grew 102% to $14.5 million. Underlying EBITDA, a non-GAAP measure, recorded a loss of $10.7 million, up 232% from the prior year. The increase in loss was primarily due to higher operating expenses, including additional headcount, legal and professional fees, overheads, and IT expenses. The company also reported non-cash impairment and fair value decrements of $2.5 million in its investment portfolio. No dividends were paid, recommended or declared during the current or previous financial year. The company continues to invest in its growth strategy, with a focus on client acquisition, growing funds under management, and expanding its operations in the UK. The HALO Invest business was formally launched in the UK in December 2023 and the HALO Global Equity Research platform commenced a pilot in the UK in November 2024, with marketing efforts underway. The company expects to onboard its first wealth management clients in the UK within the next 5 months.

The company reported an increase in funds under management of 48.8% to $425.5 million for the full year 2024 compared to the prior period.

The company continues to show strong growth in funds under management and brokerage revenue. Going forward, the group will continue its strategic initiatives to grow its B2B network and subscriber base in Australia, and to invest in the growth of HALO Invest as it launches its business activities in the UK.