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CPT Global Limited (ASX:CGO)

ALERT: Price-sensitive ASX Announcement for CGO
Current share price for CGO : $0.090 0.02 (28.57%)+
Announcement
Release
28 Aug 2025 4:18PM
Price at Release
$0.070
Full Release
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Summary
CPT Global Limited (CGO) released its Appendix 4E and Preliminary Final Report for the financial year ending 30 June 2023. The report highlights a decrease in revenue to $22.14 million (down 36% from the prior year) and a net loss after tax of $1.29 million, compared to the previous year's net profit of $2.63 million. The main reasons for the downturn include lower demand for consulting services, particularly from European and UK clients, and reduced projects with a major Australian banking client. Despite these challenges, the company retained its client base and adapted by targeting specific growth opportunities in North America and Europe, focusing on quality assurance and digital transformation services. The report also details changes in board and management composition, outlines strategic priorities for the coming year, and confirms no final dividend will be paid. Additionally, the company provides commentary on future outlook, financial position, and compliance with ASX listing requirements.
Key Points
  • CPT Global Limited reported revenue of $22.14 million for FY23, a 36% decrease from FY22.
  • Net loss after tax was $1.29 million, compared to a $2.63 million profit in the prior year.
  • The revenue decline was mainly due to reduced consulting demand from UK/European clients and less work from a key Australian banking client.
  • The company maintained strong relationships with its international client base and is focused on growth opportunities in North America and Europe, especially in quality assurance and digital transformation.
  • No final dividend is to be paid for the year ending 30 June 2023.
  • Board and management changes occurred during the year, including resignations and new appointments.
  • Strategic priorities for the next year include expanding core service offerings and targeting new business in key markets.
  • The report addresses compliance with ASX Listing Rule 4.3A and includes required disclosures related to accounting, audit, and corporate governance.
  • Despite the difficult trading conditions, the company remains positive about future opportunities in its core markets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.