A$1.50 ($1.04)

+0.01 (+0.33%)

Weekly Expected Move ±5.3%

A$1 A$1 A$2 A$2 A$2

ASX · Consumer Cyclical · Leisure · Tech Score Sell · Power 43 · A$147.8M mcap · 63M float · 0.267% daily turnover

Revenue

$235M +11.9% ▲

5Y CAGR: +23.0%

Gross Profit

$81M -61.5% ▼

5Y CAGR: +34.3%

Operating Income

$43M +34.1% ▲

5Y CAGR: +47.4%

Net Income

$13M +144.5% ▲

EPS (Diluted)

$0.13 +153.9% ▲

EBITDA

$111M +40.6% ▲

5Y CAGR: +25.7%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$91M	$141M	$161M	$210M	$235M
YoY Growth	+8.6%	+55.4%	+14.5%	+30.2%	+11.9%
Cost of Revenue	$78M	$99M	$113M	$68M	$154M
Gross Profit	$13M	$42M	$48M	$210M	$81M
Gross Margin	14.3%	29.9%	30.0%	100.0%	34.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$36M	$50M	$24M	$75M	$38M
Operating Expenses	$13M	$19M	$24M	$178M	$38M
Operating Income	-$170K	$23M	$25M	$32M	$43M
Operating Margin	-0.2%	16.5%	15.5%	15.1%	18.1%
Interest Expense	$17M	$18M	$20M	$27M	$26M
Income Before Tax	-$17M	$5M	$5M	$7M	$18M
Tax Expense	-$5M	$2M	$2M	$2M	$5M
Net Income	-$12M	$3M	$3M	$5M	$13M
Net Margin	-13.4%	2.4%	2.0%	2.5%	5.4%
EPS (Diluted)	$-0.14	$0.04	$0.03	$0.05	$0.13
EBITDA	$38M	$67M	$59M	$79M	$111M
Shares Outstanding	88M	94M	94M	102M	99M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$67M	$74M	$79M	$84M	$99M	$112M	$116M	$119M
Cost of Revenue	$47M	$52M	$56M	$26M	$31M	$36M	$77M	$77M
Gross Profit	$20M	$22M	$23M	$57M	$68M	$76M	$39M	$42M
Gross Margin	29.6%	30.2%	29.5%	68.6%	68.4%	67.8%	33.6%	35.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$9M	$10M	$11M	$13M	$15M	$60M	$19M	$20M
Operating Expenses	$8M	$10M	$11M	$13M	$15M	$17M	$19M	$20M
Operating Income	$11M	$12M	$12M	$45M	$52M	$59M	$20M	$22M
Operating Margin	17.0%	16.2%	15.7%	53.4%	52.9%	52.3%	17.5%	18.8%
Interest Expense	$9M	$9M	$10M	$10M	$13M	$14M	$13M	$13M
Income Before Tax	$2M	$3M	$2M	$2M	$3M	$4M	$7M	$11M
Tax Expense	$827K	$826K	$778K	$748K	$935K	$1M	$2M	$3M
Net Income	$1M	$2M	$2M	$2M	$2M	$3M	$5M	$8M
Net Margin	2.2%	2.6%	1.9%	2.1%	2.0%	2.9%	4.5%	6.3%
EPS (Diluted)	$0.02	$0.02	$0.02	$0.02	$0.02	$0.03	$0.05	$0.08
EBITDA	$33M	$35M	$41M	$18M	$24M	$25M	$54M	$57M
Shares Outstanding	90M	98M	90M	94M	103M	102M	100M	98M

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