AD8.ASX AVA.ASX KME.ASX SDF.ASX CSX.ASX

Strong First Half for Audinate, AVA Risk, and Steadfast

Audinate Responds to ASX Aware Letter

Audinate Group Ltd (AD8) provided a detailed response to the ASX Aware Letter, explaining that its 1H FY25 earnings did not materially differ from market expectations. The company's actual gross profit for the period was within 7.6% of its prior guidance, and in line with analyst consensus estimates. Audinate confirmed it complied with Listing Rules 3.1 and 3.1A, as its results were consistent with its previous disclosures.

AVA Risk Group Delivers 20% Revenue Growth

AVA Risk Group Limited (AVA) reported a strong performance in the first half of FY2025, with revenue growing 20% to $17.0 million. This was driven by a 57% increase in the Detect segment, which leveraged the company's Aura Ai-X technology to fulfill repeat orders for critical infrastructure projects. AVA also grew its recurring service revenue by 20% and improved EBITDA to $1.7 million, up from a loss in the prior year. The company remains focused on expanding its sales pipeline and increasing recurring revenue to drive continued financial growth.

Steadfast Group Lifts Profits and Dividends

Steadfast Group Ltd (SDF) reported a 14.6% increase in underlying EBITA to $262.4 million and a 21% rise in underlying NPAT to $128.1 million for the half year ended 31 December 2024. The company's Australasian broking network and underwriting agencies delivered strong organic growth, while recent acquisitions also contributed. Steadfast declared an interim dividend of 7.8 cents per share, fully franked, and reaffirmed its FY25 guidance, with the exception of a revised EBITA range of $585-595 million.

Kip McGrath and CleanSpace Also Report

Kip McGrath Education Centres Ltd (KME) reported a 2.4% increase in revenue and a 956% surge in net profit after tax for the first half of FY25, driven by cost-saving initiatives and strong performance in its core markets, despite challenges in the US.

CleanSpace Holdings Limited (CSX) delivered 26% revenue growth to $9.2 million, a 3% increase in gross margin to 74%, and a significant improvement in operating EBITDA to -$0.4 million. The company's industrial-led strategy and focus on cost control have underpinned its strong performance.

Overall, it has been a productive start to the year for these ASX-listed companies, with a mix of revenue growth, margin expansion, and improved profitability across the board.