• Consolidated revenue up 9% to $15.6M, SaaS revenue up 49% to $6.5M
• SaaS revenue now 42% of total revenue
• Reported EBITDA up 10% to $2.1M, NPAT up 17% to $0.4M
• Launched new platform 'ComplianceX' to simplify people management compliance

Kinatico Ltd, an ASX-listed company, has announced its H1 FY25 financial results and the launch of its new 'ComplianceX' platform. The company reported consolidated revenue of $15.6M, an increase of 9% compared to the prior corresponding period. SaaS revenue grew 49% to $6.5M, now representing 42% of total revenue. Reported EBITDA increased by 10% to $2.1M, while NPAT grew 17% to $0.4M. The company remained cash accretive, with $9.9M in cash and cash equivalents and $2.6M in positive cash flow from operations. Kinatico also introduced its new 'ComplianceX' platform, which aims to simplify the process of daily people management compliance for organisations. The platform synchronizes disparate systems and data sources into a real-time, secure, and user-friendly solution, providing organisations with greater visibility and control over their compliance requirements. The company believes the Australian market opportunity for such a platform is considerable, with the combined GRC and workforce workflow software market projected to grow to $2.7-3.0B by 2030.

Kinatico is well-positioned to capitalize on the growing demand for people management compliance solutions, with its new 'ComplianceX' platform offering a comprehensive and user-friendly solution. The company believes it can achieve a 1-3% market share in the near term, potentially scaling to an 8-10% share in the medium term as the market matures.