Key points
- Statutory revenue decreased by 27% to USD 14.4m
- Group Statutory EBITDA increased by 18% to USD 2.39m
- No dividends proposed for the reporting period
Full summary
Frontier Digital Ventures Ltd released its 2026 half-year financial report, showing a 27% decrease in statutory revenue to USD 14.4 million for the half year ended 30 June 2026, compared to USD 19.8 million in the previous corresponding period. The Group's Statutory EBITDA increased by 18% to USD 2.39 million, up from USD 2.02 million in the same period last year. This increase was driven by the cessation of low-margin, non-core revenue streams and a focus on the core classifieds business. The Group's equity accounted Associates (Zameen and PakWheels) contributed USD 1.2 million in EBITDA, reflecting a 5% increase from the prior year. The Group did not propose paying a dividend for the reporting period.
Guidance
Statutory EBITDA increased by 18% to USD 2.39m for the half year ended 30 June 2026
Outlook
The company focuses on core classifieds business, aiming to grow equity value and realize full potential.