Smart Parking Limited (AU:SPZ) has released an update.
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Smart Parking Limited reported a robust fiscal year 2024, with a significant 28% increase in adjusted EBITDA to $14.7m and a strong adjusted free cash flow of $12.2m. The company also boasted a healthy EBITDA margin increase of 150bps to 27% and an impressive revenue growth to $54.3m. The growth is also reflected in the expansion to 1,424 total sites, marking a solid year for the parking solutions provider.
For further insights into AU:SPZ stock, check out TipRanks’ Stock Analysis page.
