GTK - Gentrack Group

• 3 February 2024

• #21

bk1

Follow the money

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Needs consistent volume and break decisively above 6.30

 

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• 25 February 2024

• #22

bk1

Follow the money

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The trend is your friend..

 

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• 20 May 2024

• #23

Dona Ferentes

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And a nice 12 per cent pop on results

.
Results Summary
• Revenue: $102m – up 21% on H1’23 and up 58% when excluding $19.7m of one-off revenues in prior period from insolvent customers.
• EBITDA: $12.3m and tracking well against our FY24 guidance. H1’23 EBITDA of $16m included one-off high margin revenue from insolvent customers.
• Statutory NPAT: $5.3m profit v $7.9m in H1’23
• Cash: $39.3m after investing $12.9m in Amber during period v $41.9m at H1’23

Across the first half of the financial year, Gentrack has again delivered strong revenue growth, with even stronger underlying growth when allowing for one-off revenues from last year. Growth is driven by recent and in-year new customers as well as upsells and upgrades for existing customers. In Utilities we have seen growth in all our core markets, (New Zealand, Australia, and the UK), and this financial year we have added Saudi Arabia as a source of growth.
Veovo expanded its coverage of major airports with new wins in existing markets such as the UK and the Middle East.

 

• 26 November 2024

• #24

Dona Ferentes

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above $11, up 20 percent

closing in on $1B market cap

Results Summary
• Revenue: $213.2m: up 25.5% v FY23 and up 50% when excluding $27.6m of one-off revenues in FY23 from insolvent customers.
• EBITDA: $23.6m v $23.2m in FY23 (FY24 impacted by a $7.1m charge against payroll costs on the Group’s LTI schemes due to the significant growth in our share price and the accelerated amortisation of these costs).
• Statutory NPAT: $9.5m v $10.0m in FY23
• Cash: $66.7m: $17.5m increase in the year after $12.9m Amber investment in H1’24.
• No Dividend payable

Outlook
We remain confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.

In FY25, we expect both Utilities and Veovo to show continued revenue growth and EBITDA improvement, the extent of which will depend on when business opportunities close in the year. We will look to provide further guidance on FY25 outlook later in the financial year.