Update

FY25 Annual Results Market Release

May 27, 2025

We report our FY25 audited financial results for the year ended 31 March 2025, with Revenue at the top end of guidance. Revenue was NZ$44.9 million (top of the NZ$43–45m guidance range, down 10.3% on the prior corresponding period), Gross Margin was 67% (up over 300bp), Operating Cash Flow was NZ$3.4 million, and Adjusted EBITDA was a record NZ$4.8 million — our fourth consecutive year of positive Adjusted EBITDA. Free Cash Flow was NZ$1.2 million; our closing cash balance was NZ$12.9 million ($0.20 per share) and we remain debt free.

Official ASX-lodged document
FY25 Annual Results Market Release
PDF · authoritative source · opens in new tab

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