Preliminary Final Report
| Stock | Novatti Group Ltd (NOV.ASX) |
|---|---|
| Release Time | 29 Aug 2025, 8:32 a.m. |
| Price Sensitive | Yes |
Novatti Group Ltd Reports Preliminary Final Results
- Revenue up 24.1% to $50.5 million
- Loss reduced by 69.7% to $6.1 million
- Underlying EBITDA loss reduced by 73% to $3.1 million
- Cash and cash equivalents of $2.4 million
Novatti Group Limited has reported its preliminary final results for the year ended 30 June 2025. The company recorded a loss from continuing operations after income tax of $8,796,000, down 69.7% from the prior year. Profit from discontinued operations amounted to $2,153,000. Revenue increased by 24.1% to $50,482,000, while the underlying EBITDA loss reduced by 73% to $3,059,000. The company's net asset position decreased by $1,120,000 to a net deficiency of $879,000 as at 30 June 2025. Cash and cash equivalents, excluding assets held for disposal, were $2,376,000 at 30 June 2025. The company expects the audit report will include an emphasis of matter paragraph highlighting a material uncertainty regarding its ability to continue as a going concern and the need to strengthen its balance sheet, which may involve future capital raising, access to debt facilities, growth in sales, cost management, and/or the sale of non-core assets.