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Energy Action Limited (ASX:EAX)

ALERT: Price-sensitive ASX Announcement for EAX
Current share price for EAX : $0.415 0.145 (53.70%)+
Announcement
Release
27 Feb 2025 3:15PM
Price at Release
$0.270
Full Release
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Summary
Energy Action Limited reported its Half Year Results for FY25, highlighting a mixed financial performance with revenue declining by 7% compared to the previous year, yet showing a significant 116% increase in statutory profit after tax. The company focused on its core growth strategy, improved its operational efficiencies, and managed to reduce its debt with the Commonwealth Bank by $0.9 million. The overall financial results reflect an increase in EBITDA by 33%, supported by a stable performance in energy management services despite a decrease in energy procurement revenue.
Key Points
  • Revenue decreased by 7% to $5.32 million.
  • Statutory profit after tax increased by 116% to $924,259.
  • EBITDA improved by 33% to $1.33 million.
  • Total assets decreased by 4% to $10.046 million.
  • Net assets increased by 40% to $3.258 million.
  • Total liabilities reduced by 16% to $6.788 million.
  • Cashflow from operating activities increased by 93% to approximately $1.41 million.
  • The company's technology platform, Utilibox, is evolving to better serve customer needs.
  • Focus on profitable growth and positive cashflow to decrease debt continues.
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.