DUG Technology Ltd (AU:DUG) has released an update.
DUG Technology Ltd reported a significant increase in financial performance for FY2024, with record revenues of US$65.5 million, up 29%, and an underlying EBITDA surge of 54% to US$23.2 million, after adjusting for one-off third-party compute costs. Despite these gains, net profit after tax fell 33% to US$3.3 million due to the mentioned costs. The company foresees robust growth for FY2025, supported by a strong order book and recent strategic investments in computing hardware and intellectual property.
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