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Novatti Group Limited (ASX:NOV)

ALERT: Price-sensitive ASX Announcement for NOV
Current share price for NOV : $0.016 -0.02 (-55.56%)+
Announcement
Release
29 Aug 2025 8:38AM
Price at Release
$0.036
Full Release
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Summary
Novatti Group Limited reported its FY25 results, highlighting a significant turnaround and growth strategy implementation. The company achieved a record $51.8 million in revenue, a 23.3% increase from FY24, and a 65% year-over-year improvement in underlying EBITDA, reducing losses to $3.1 million. Notably, there was a 48% reduction in cash usage in the second half compared to the first half of FY25. The company has focused on streamlining operations, exiting high-cost, low-margin business lines, and enhancing its value proposition in the Australian and New Zealand markets. Key commercial achievements included winning contracts with a major Asian airline and a tier one Australian telco, as well as expanding services in New Zealand for a global fintech customer.
Key Points
  • FY25 revenue reached $51.8 million, a 23.3% increase from FY24.
  • 65% year-over-year improvement in underlying EBITDA with reduced loss of $3.1 million.
  • 48% reduction in cash usage in the second half of FY25 compared to the first half.
  • Focus on reforming revenue base by exiting high-cost, complex, or low-margin business lines.
  • Brand refresh completed in Q3 FY25, aligning value proposition in AU/NZ market.
  • Significant new contracts and business expansions, including deals with a major Asian airline and a tier one Australian telco.
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.