Daily Roundup

Monday, 17th February 2025
Last updated: 21:00

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Fiducian Group Ltd Reports Strong Half-Year Results

Fiducian Group Ltd has delivered a solid financial performance in the first half of the 2025 fiscal year. Revenue grew by a healthy 14% to $44.3 million, while Funds Under Management, Advice and Administration (FUMAA) increased by 11% to $14.4 billion. The company's Statutory Net Profit After Tax (NPAT) was an impressive 26% higher at $8.6 million.

The growth in FUMAA was driven by strong performance in Fiducian's platform administration, funds management, and financial advice businesses. Expenses grew by a modest 10.7%, reflecting the group's continued investment in its operations. Fiducian's diversified funds also delivered strong performances, with many ranking in the top quartile compared to their peers.

Looking ahead, Fiducian expects to continue growing its FUMAA through organic growth and the acquisition of new client bases in the 2025 financial year. The company remains cautiously optimistic, with a balanced approach to its diversified funds and a positive outlook for the technology sector.

Audinate Navigates Inventory Rebalancing, Confident in Long-Term Outlook

Audinate Group Ltd reported its 1H25 results, which were impacted by manufacturing customers working through accumulated inventory. Revenue and earnings declined, with gross profit down 29% to $16 million. However, the company remained profitable, generating positive EBITDA of $1 million and positive operating cash flows.

Audinate expects a moderate strengthening in the second half of FY25 as the inventory rebalancing period comes to an end. The company remains confident in its long-term strategic thesis, with strong indicators of underlying growth, including a 15% increase in design wins and continued expansion of the Dante device base.

Looking ahead, Audinate anticipates a return to normal order patterns and growth by FY26, supported by new product launches and continued investment in its cost base to drive future acceleration.

Intelligent Monitoring Group Expands with KOBE Security Acquisition

Intelligent Monitoring Group Ltd has made a strategic move to expand its footprint, acquiring KOBE Pty Ltd, a leading supplier of advanced security systems in Queensland. The $6.98 million upfront acquisition, plus a deferred tranche, is expected to be immediately earnings per share (EPS) accretive and generate around $2.5 million in proforma EBITDA for FY25.

The acquisition will strengthen IMG's national commercial and enterprise security platform, further solidifying its position as a leading provider of intelligent monitoring solutions. IMG is guiding for adjusted EBITDA of at least $38 million for FY25, with the KOBE acquisition expected to contribute additional EBITDA.

Smart Parking Delivers Strong H1 FY25 Results, Enters US Market

Smart Parking Ltd has reported an impressive set of results for the first half of FY25, with revenue up 20% to $32 million and net profit after tax increasing by 70% to $3.9 million. Adjusted EBITDA also grew by a healthy 26% to $9.5 million.

In addition to its strong financial performance, Smart Parking has made a strategic move to enter the US market, acquiring 100% of US-based parking operator Peak Parking LP for up to USD$36 million. The acquisition is expected to deliver over 25% EPS accretion in FY25 and provides immediate geographic expansion into the world's largest parking market.

Looking ahead, Smart Parking remains focused on growing its installed base of ANPR sites to 3,000 by the end of 2028, which is expected to drive increased revenue and earnings growth. The company is well-positioned to capitalize on opportunities as they arise across its international operations.