Novatti Group Ltd. ( (AU:NOV) ) just unveiled an announcement.
Novatti Group Limited has reported a significant improvement in its financial performance for the first half of fiscal year 2025, showcasing a 22.3% increase in revenue and a 97% improvement in EBITDA. The company has successfully implemented a cost reduction program, leading to a 29% decrease in operational expenses, and is on track to achieve positive operating cash flow by the end of June 2025. The sale of its interest in the International Bank of Australia and a strengthened balance sheet further position Novatti for growth, with a focus on expanding its Payments AU/NZ business as a core growth platform.
More about Novatti Group Ltd.
Novatti Group Limited is a leading fintech company that enables businesses to pay and be paid, focusing on providing payment solutions primarily in the Australian and New Zealand markets.
YTD Price Performance: 3.75%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.31M
For a thorough assessment of NOV stock, go to TipRanks’ Stock Analysis page.