Swoop Holdings Limited ( (AU:SWP) ) has issued an update.
Swoop Holdings Limited reported strong organic growth in the first half of FY25, with a 5% increase in revenue to $45.8 million and a 15% rise in underlying recurring revenue. The company achieved a 12% increase in Core Business EBITDA and a positive NPAT result of $0.1 million. Swoop has signed a significant contract with a Nasdaq-listed tech company for a $36 million fibre infrastructure project and a 3-year agreement with Flip for wholesale internet services, expected to generate over $10 million annually. The company continues to enhance its operations through automation and product focus, contributing to its competitive positioning and long-term profitability.
More about Swoop Holdings Limited
Swoop Holdings Limited operates in the telecommunications industry, providing fixed wireless broadband, NBN, and mobile services. The company focuses on delivering reliable internet and mobile services with high customer satisfaction ratings in Australia.
YTD Price Performance: 5.56%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €22.45M
For detailed information about SWP stock, go to TipRanks’ Stock Analysis page.