• Q2 new sales of $13.1M TCV with $4.5M revenue expected to be recognised in FY25
• Q2 cash receipts of $9.1M with an operating cash outflow of ($0.26M), a material improvement when compared to Q2 FY24
• FY25 contracted (sold and renewal) revenue of $30.8M at end of Q2

Alcidion Group Limited (ASX:ALC) has released its Q2 FY25 Quarterly Activities Report and Appendix 4C. Key highlights include Q2 new sales of $13.1M TCV with $4.5M revenue expected to be recognised in FY25, Q2 cash receipts of $9.1M with an operating cash outflow of ($0.26M) (a $3.1M improvement over Q2 FY24), and FY25 contracted (sold and renewal) revenue of $30.8M at the end of Q2 (excluding the North Cumbria contract). The company maintains its expectation of being EBITDA and cashflow positive in FY25, with EBITDA breakeven occurring upon achieving revenue of approximately $36.0M. Alcidion's cash balance as of 31 December 2024 was $7.7M with no debt. The company continues to see an increased rate of larger contract signings, driven by the execution of evolving and maturing pipeline opportunities and the expanding referenceability of the Miya Precision platform.

Alcidion reconfirms its expectation to be EBITDA and cashflow positive in FY25, with EBITDA breakeven occurring upon achieving revenue of approximately $36.0M.

Alcidion maintains its position of EBITDA breakeven occurring upon achieving revenue of approximately $36.0M and expects to be EBITDA and cashflow positive for FY25. The company continues to build its annually recurring revenue base, which is increasingly valuable given the critical nature of its technology offering and long-standing customer relationships.