Babylon Pump & Power Ltd (AU:BPP) has released an update.
Babylon Pump & Power Ltd has reported a record revenue of $41.7M for FY24, marking a significant 30% compound annual growth since its ASX listing. The company also celebrated its maiden net profit after tax (NPAT) of $0.5M and a robust operating cash flow of $7.5M for the year. With all deferred payments for past acquisitions settled, Babylon has freed up cash for future growth and has a strong financial position, including available funding and receivables totaling over $8M.
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