4C Commentary - Q2 FY25
| Stock | Field Solutions Holdings Ltd (FSG.ASX) |
|---|---|
| Release Time | 31 Jan 2025, 6:37 p.m. |
| Price Sensitive | Yes |
Field Solutions Holdings reports Q2 FY25 results
- Customer receipts of $13.95m
- Positive operating cashflow of $1.68m
- Investment in regional network and PPE of $2.71m
Field Solutions Holdings Limited (ASX: FSG), Australia's leading rural, regional and remote telecommunications carrier, has announced its results for the quarter ended 31 December 2024. The company reported neutral operating cashflow for the quarter, with customer receipts of $13.95m and positive operating cashflow of $1.68m. FSG invested $2.71m in its regional network and PPE during the quarter. As previously announced, FSG is currently in a trading halt, pending the results of a capital raise. The company has successfully exited its Wholesale nbn® business and has received a non-binding term sheet for the divestment of its mining business unit. FSG anticipates making further announcements in the coming weeks regarding the progress of these matters, as well as a series of announcements relating to its Regional Australia Network.