• Quarterly cash receipts of $7.4 million, 2nd highest in company history
• 23 consecutive quarters of cash receipts growth
• Record full-year cash receipts of $28.4 million, up 15% from prior year
• Positive quarterly and full-year operating cash flows

De.Mem Limited (ASX:DEM) reported record results for the December Quarter 2024, including cash receipts of approximately $7.43 million, the 2nd highest quarterly cash receipts ever recorded. The company also reported 23 consecutive quarters of cash receipts growth versus the prior corresponding period, despite the COVID-19 pandemic and slowing global growth. Full Calendar Year 2024 cash receipts reached $28.44 million, up 15% from $24.79 million in 2023, outperforming the industry average annual revenue growth rate of 3.5%. De.Mem reported positive quarterly net operating cash flows of $533,000 for the December Quarter 2024, following $82,000 in the September Quarter. The company also reported record full-year Calendar Year 2024 net operating cash flows of $51,000, compared to a net outflow of $1.4 million in 2023. The company's recurring revenue, which makes up around 90% of cash receipts, underpins its strong growth momentum and positive outlook for 2025. De.Mem's business focus on providing a high-quality, 'one-stop-shop' water and wastewater treatment offering has resulted in increasing gross margins, reaching 40% in H1 2024, exceeding the industry average. The company has also made progress in commercializing its new Graphene Oxide enhanced membrane technology for domestic water filtration applications, with initial revenues and further growth opportunities identified.

De.Mem expects continued growth in Calendar Year 2025, based on approximately 90% recurring cash receipts, continued double-digit organic growth, further contributions from recent acquisitions, and revenue/cash receipts from its new domestic water filtration products.