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Spirit Technology Solutions Ltd (ASX:ST1)
ALERT: Price-sensitive ASX Announcement for ST1
Current share price for ST1 : $0.560 0.09 (19.15%)+
Announcement
Release
24 Jul 2025 8:22AM
Price at Release
$0.470
Full Release
Summary
Spirit Technology Solutions Ltd (ASX: ST1) released a trading update for the financial year ending 30 June 2024 (FY24) and announced the date for its FY24 results. The company indicated its expectation of delivering EBITDA in the range of $10.5 million to $12 million for FY24, subject to final audit. ST1 highlighted accelerated growth in its recurring revenue base, improved cash generation, and ongoing cost optimization, with a significant portion of revenue now from high-margin managed services. The company is focused on further organic growth and strategic investment in technology and automation. The trading update also set 28 August 2024 as the date for the release of full-year results.
Key Points
- Spirit Technology Solutions Ltd provided a trading update for FY24.
- Expected FY24 EBITDA is in the range of $10.5 million to $12 million, subject to audit.
- Accelerated growth in recurring revenue base and improved cash generation.
- Focus on high-margin managed services and ongoing cost optimization.
- Strategic investment in technology and automation continues.
- The company is emphasizing organic growth.
- Full-year FY24 results will be released on 28 August 2024.
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.
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