March Qtr 2025 Earnings Update and FY25 Guidance Reaffirmed
| Stock | Comms Group Ltd (CCG.ASX) |
|---|---|
| Release Time | 15 Apr 2025, 9:30 a.m. |
| Price Sensitive | Yes |
Comms Group Ltd reaffirms FY25 guidance
- Q3FY25 unaudited group revenues of $41.3m and Underlying EBITDA of $3.8m
- Q3 revenues of $14.1m and Underlying EBITDA of $1.41m
- Reaffirms FY25 revenue target of $55m to $57m and FY25 Underlying EBITDA target of $5m to $6m
Comms Group Limited (ASX:CCG) has provided a further update on recent business trading and earnings for the quarter ended 31 March 2025 and year to date. The company reported unaudited group revenues of $41.3m and Underlying EBITDA of $3.8m for the 9 months to 31 March 2025. Group revenues for the March quarter were $14.1m with Underlying EBITDA of $1.41m (unaudited). In addition to previously announced key deals secured in the first half of FY25, further provisioning and increase in billings from these deals plus other new sales contracts signed in the March 2025 quarter are expected to give rise to a positive June 2025 quarter. The Company reaffirms its earlier guidance of FY25 revenue target of $55m to $57m and FY25 Underlying EBITDA target of $5m to $6m.
FY25 revenue target of $55m to $57m and FY25 Underlying EBITDA target of $5m to $6m