A$2.27 ($1.58)

+0.03 (+1.34%)

Weekly Expected Move ±5.8%

A$2 A$2 A$2 A$2 A$2

ASX · Financial Services · Asset Management · Tech Score Strong Sell · Power 28 · A$657.0M mcap · 165M float · 0.288% daily turnover

Revenue

$130M +10.6% ▲

5Y CAGR: +12.9%

Gross Profit

$122M +15.2% ▲

5Y CAGR: +16.8%

Operating Income

$59M -5.2% ▼

5Y CAGR: +31.4%

Net Income

$42M +24.9% ▲

5Y CAGR: +30.6%

EPS (Diluted)

$0.14 +27.3% ▲

5Y CAGR: +30.3%

EBITDA

$64M +12.8% ▲

5Y CAGR: +30.2%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$47M	$94M	$103M	$117M	$130M
YoY Growth	-33.2%	+98.9%	+9.8%	+13.6%	+10.6%
Cost of Revenue	$8M	$23M	$111K	$207K	$8M
Gross Profit	$40M	$71M	$102M	$106M	$122M
Gross Margin	83.7%	75.6%	99.0%	90.1%	93.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$17M	$31M	$33M	$55M	$0
Operating Expenses	$26M	$39M	$42M	$55M	$62M
Operating Income	$14M	$32M	$58M	$63M	$59M
Operating Margin	28.9%	34.2%	56.4%	53.4%	45.8%
Interest Expense	$7M	$20M	$20M	$8M	$759K
Income Before Tax	$14M	$32M	$37M	$48M	$60M
Tax Expense	$1M	$9M	$11M	$14M	$18M
Net Income	$12M	$23M	$26M	$33M	$42M
Net Margin	25.6%	23.9%	25.3%	28.5%	32.1%
EPS (Diluted)	$0.04	$0.08	$0.09	$0.11	$0.14
EBITDA	$14M	$54M	$60M	$57M	$64M
Shares Outstanding	294M	297M	297M	300M	301M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$45M	$49M	$53M	$51M	$58M	$60M	$62M	$68M
Cost of Revenue	$11M	$11M	-$37K	$148K	$198K	$9K	$4M	$4M
Gross Profit	$34M	$37M	$54M	$51M	$57M	$60M	$58M	$64M
Gross Margin	76.0%	76.7%	100.1%	99.7%	99.7%	100.0%	93.5%	94.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$885K	$1M	$22M	$11M	$25M	$29M	$0	$0
Operating Expenses	$10M	$11M	$22M	$20M	$25M	$29M	$28M	$34M
Operating Income	$11M	$12M	$27M	$27M	$32M	$31M	$29M	$30M
Operating Margin	23.6%	24.2%	51.2%	52.6%	55.8%	51.1%	47.7%	44.0%
Interest Expense	$52K	$49K	$20M	$0	$7M	$621K	$389K	$370K
Income Before Tax	$0	$0	$18M	$19M	$24M	$25M	$30M	$30M
Tax Expense	$0	$0	$5M	$6M	$7M	$7M	$9M	$9M
Net Income	$293M	$293M	-$1M	$27M	$16M	$17M	$21M	$21M
Net Margin	647.3%	599.0%	-2.0%	53.5%	28.3%	28.6%	33.6%	30.8%
EPS (Diluted)	$-27000.00	$27000.00	$-0.00	$0.09	$0.05	$0.06	$0.07	$0.07
EBITDA	$16M	$18M	$19M	$29M	$32M	$24M	$32M	$32M
Shares Outstanding	295M	299M	297M	297M	299M	300M	301M	301M

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