Infomedia (IFM) H2 2024 earnings summary

Executive summary

• Achieved 8% revenue growth to $141m in FY24, with 99% recurring revenue and 17% increase in underlying cash EBITDA to $33m.

• Net profit after tax rose 32% to $13m; EPS up 33% to 3.38 cents per share.

• Maintained a robust, debt-free balance sheet with $70m cash, enabling flexibility for future growth.

• Dividend increased by 5% to 4.2 cps.

• Transformation strategy focused on profitable growth, operational excellence, and global expansion delivered results.

Financial highlights

• Recurring revenue grew 9% to $139.3m; total revenue up 8% to $141m.

• Underlying cash EBITDA margin improved by 1 percentage point to 23%.

• Underlying cash EBITDA up 17%, underlying EBITDA up 9%, adjusted NPAT up 26%, reported NPAT up 32%.

• Free cash flow increased 31% to $27.2m, despite one-off restructuring and system upgrade costs.

• Full year dividend increased 5% to 4.2 cps.

Outlook and guidance

• FY25 revenue guidance set at $140–154m, with stable margins expected as investments continue.

• New revenue from major contract renewals and product launches expected in Q3 and Q4 FY25.

• Focus on scaling technology, expanding global market presence, and maintaining profitability.

• Continued vigilance on cyber security and customer retention initiatives.