Daily Roundup

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Strong Start to 2025 for Supply Network Ltd

Supply Network Ltd has kicked off the new year with a bang, reporting impressive financial results for the first half of fiscal year 2025. The company saw revenue climb 18.3% to $172.0 million, while profit after tax surged 31.6% to $19.8 million compared to the same period last year.

Shareholders will be pleased to see the company declare an interim dividend of 32.0 cents per share, fully franked. This represents a payout ratio of 69.3%, demonstrating Supply Network's commitment to rewarding investors.

The company's Australian and New Zealand operations both contributed to the strong performance, with sales revenue increasing 18.6% and 15.2% respectively. Earnings before interest and tax grew by an even more robust 29.8%.

Looking ahead, Supply Network is investing in systems and network capacity to support further growth, with the goal of reaching $400 million in revenue for the full fiscal year. The company has also commenced work on its next 3-Year Plan, which aims to drive the business to $450 million in revenue by fiscal year 2028.

Careteq Delivers Impressive 1H Results

Careteq Ltd has reported a stellar set of financials for the first half of fiscal year 2025. The company saw revenue from continuing operations climb 15.5% to $4.0 million, while EBITDA from continuing operations surged an impressive 214.16% to $0.24 million.

Perhaps most impressively, Careteq was able to reduce its net loss after tax from continuing operations by a massive 89.8%, down to just $0.07 million. This strong performance was driven by the company's strategic focus on medication management and clinical governance, as well as the successful integration of Embedded Health Solutions.

Careteq also formed key partnerships with MedicAlert and GP networks during the period, which are expected to drive further growth. The company is forecasting full-year revenue growth in fiscal year 2025 and a positive group EBITDA result for the full year.

Aerometrex Navigates Shifting Landscape

Aerometrex reported a mixed bag of results for the first half of fiscal year 2025, with the company's diverse business units performing unevenly.

On the positive side, the company's MetroMap subscription revenue grew a healthy 14.8% to $4.72 million, while 3D revenue soared 67.5% to $0.67 million. However, LiDAR revenue declined 27.0% to $5.24 million due to increased competitive pressures.

Overall, Aerometrex reported a 4.1% decline in total revenue to $11.51 million for the half. The company generated $0.65 million in operating cash flow, down 83.1% from the prior period.

In response, Aerometrex has announced a strategic review to explore initiatives to drive further revenue growth, particularly in the high-potential MetroMap business, as well as reduce costs and accelerate the company to profitability. Key outcomes of the review are expected by the end of April 2025.

Frontier Digital Ventures Invests for the Future

Frontier Digital Ventures (FDV) reported a 2% increase in statutory revenue to $68.1 million for the full year 2024, despite a 36% decline in operating EBITDA to $3.1 million.

The company made significant investments during the year to support long-term product opportunities, including scaling up Iris and Centrify in 360 LATAM, completing Yapo's replatforming project, and launching Avito's dedicated new and secondary property websites in MENA Marketplaces Group.

While these investments impacted short-term profitability, FDV is committed to achieving positive free cash flow in 2025 by optimizing its revenue mix, product set, and operational efficiency to drive sustainable growth.

The company is also in the process of divesting its shareholdings in PropertyPro and Hoppler, and has initiated a strategic review to maximize shareholder value, with a focus on its 360 LATAM business.

Vysarn Completes Transformative Acquisitions

Vysarn Ltd has capped off a transformative six months, reporting strong financial results for the first half of fiscal year 2025 that were ahead of previous guidance.

The company reported revenue from operations of $41.02 million, EBITDA of $8.14 million, and net profit before tax of $5.24 million. Vysarn's operational cash flow was also very robust at $14.81 million.

These impressive results were bolstered by Vysarn's completion of the acquisitions of Waste Water Services Pty Ltd (WWS) and CMP Consulting Group Pty Ltd (CMP) during the period. Both businesses made meaningful contributions to the overall performance.

Looking ahead, Vysarn is targeting pro-forma fiscal year 2024 net profit before tax earnings run rates in calendar year 2025, which would provide material year-on-year earnings growth. The company is well-positioned for further success, with a diverse range of growth prospects across multiple geographies and sectors.