Aztech Global (8AZ) H2 2024 earnings summary

Executive summary

• FY2024 revenue was $621.6 million, down 30.6% year-over-year due to lower customer order volumes and reduced demand in late 2024.

• Net profit for FY2024 was $70.5 million, a 29.5% decline year-over-year, with a stable net profit margin of 11.3%.

• Strong net cash position of $294.2 million as of 31 December 2024, up 17.8% year-over-year.

• Board proposed a total dividend of 15 cents per share for FY2024, an 87.5% increase year-over-year, with a payout ratio of 164.1%.

• Achieved 9 awards in 2024 for growth, transparency, and management excellence.

Financial highlights

• FY2024 EBITDA was $91.3 million, down 31.7% year-over-year.

• Profit before tax for FY2024 was $81.1 million, a 34.5% decrease year-over-year.

• Net cash from operating activities increased 35.7% year-over-year to $113.3 million.

• Free cash flow for FY2024 was $109.9 million, up 38.8% year-over-year.

• Net asset value per share was 44 cents as at 31 December 2024.

Outlook and guidance

• Facing demand volatility due to trade restrictions, geopolitical tensions, and global economic uncertainties.

• Prioritizing customer base expansion, cost management, and operational excellence through digital transformation and automation.

• Exploring M&A opportunities to drive growth.