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Careteq Ltd. ( (AU:CTQ) ) has provided an announcement.
Careteq Limited has reported a significant turnaround in its financial performance for FY25, achieving a group EBITDA profit from continuing operations of $0.3 million, compared to a loss in the previous year. This improvement is attributed to strategic decisions, including divesting the loss-making Sofihub business and acquiring the remaining stake in the profitable Embedded Health Solutions (EHS) unit. The company expects continued revenue growth and positive EBITDA in FY26, driven by synergies from integrating its platforms and partnerships with national GP networks.
More about Careteq Ltd.
Careteq Limited is a clinical healthtech company that specializes in innovative medication management and clinical governance solutions, focusing on sectors such as aged care, home care, and disability.
Average Trading Volume: 498,458
Technical Sentiment Signal: Sell
For an in-depth examination of CTQ stock, go to TipRanks’ Overview page.