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Felix Group Holdings Ltd. ( (AU:FLX) ) has issued an announcement.
Felix Group Holdings Ltd reported a 22% increase in sales revenue for FY25, driven by strong sales momentum in its enterprise procurement management platform. The company saw a 31% rise in enterprise sales, supported by new customers and contract expansions, while maintaining stable marketplace subscription revenue. Adjusted EBITDA improved by 32% due to sales growth and flat operating expenses, despite increased subscription costs. The financial results are part of a preliminary release connected to a capital raising announcement, indicating positive operational impacts and strategic growth in the procurement management industry.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd operates a cloud-based enterprise Software as a Service (SaaS) procurement management platform and vendor marketplace. The company focuses on connecting contractors and third-party vendors by digitizing, automating, and streamlining procurement-related business processes to reduce supply chain risk and improve transparency and governance.
Average Trading Volume: 59,014
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$45.19M
Find detailed analytics on FLX stock on TipRanks’ Stock Analysis page.