Comms Group Limited (ASX:CCG) ("Comms Group" or "the Company") is pleased to announce that it has delivered solid financial results for the first half of FY25, with record new business contracts, continued global expansion, and strategic investments within key growth markets.
Key Highlights
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Total Revenue: $27.05M (+0.3% YoY)
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Gross Profit: $13.1M (+1.5% YoY), with gross margin increasing to 48.3%.
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New Business Growth:
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$5.9M in new Annual Recurring Revenue (ARR) – the strongest half-year for new contracts on record.
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Major global SaaS provider and international technology company contracts secured.
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Investment in Global Expansion:
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Increased headcount in Singapore and Australia to support growing Global UCaaS & Wholesale business.
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Expanded licensing footprint in Asia, Latin America, and Europe to unlock new revenue opportunities.
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Operational Investments Impacted Short-Term EBITDA:
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Underlying EBITDA: $2.4M (-19% YoY), reflecting investment in staffing for future growth.
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Interim Dividend Declared: 0.125c per share (fully franked).
Commenting on the results and the recent announcement, Company CEO, Mr Peter McGrath stated: “We are pleased to see positive momentum in the business and significant new business won that will translate to revenue in future periods. The half saw the strongest new business results in the business on record with $5.9m in new ARR1 secured. We also have invested in additional key positions to support future growth with staff added in Singapore and Australia to support our Global business. Together with the key wins announced to the ASX in September and November 20242, we are seeing a strong pipeline emerge of quality deals and 2025 has started strongly with some key new customers secured in January.”
“The further investment in new staff has impacted our short-term results, however, we are confident that the additional investment will assist us with future key growth opportunities being secured.”
Key Business Developments & Outlook
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Global Expansion:
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Completed key security certifications: ISO27001:2022, SOC 2, and UK Cyber Essentials.
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Strengthened Global UCaaS capabilities to service multinational corporations and wholesale customers.
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Cloud Communications & Secure Workplace Solutions:
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Continued demand for Microsoft Teams Calling, CPaaS, and managed IT services.
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Strong customer pipeline emerging from strategic partnerships.
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FY25 Guidance:
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Revenue: Expected to be $55M – $57M.
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Underlying EBITDA: Expected in the range of $5.0M – $6.0M.
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Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au
