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Vonex Limited ( (AU:VN8) ) has provided an update.
Vonex Limited reported a 7.1% decline in revenue for FY25, attributed to post-migration churn, but showed significant improvement in net loss after tax, which decreased by 91.2% to $118k. The company also achieved a 6.7% increase in EBITDA, reflecting operational strength. Vonex’s strategic initiatives, including disciplined cost control and infrastructure investment, have bolstered its competitive position. The company successfully raised $13.89 million through a shareholder-supported entitlement offer, which was used to repay debt, and refinanced its remaining debt with Westpac, enhancing financial flexibility. Operational milestones included expanding Points of Presence in Perth and Adelaide and launching a new softphone application. Vonex’s commitment to customer excellence was recognized by the Australian Communications and Media Authority, with the lowest number of TIO complaints recorded. The company remains focused on sustainable growth and product innovation, with a scheme of arrangement with MaxoTel expected to be implemented by October 2025, subject to approvals.
More about Vonex Limited
Vonex Limited is a telecommunications provider operating in the Australian market. The company focuses on delivering innovative communication solutions, including a softphone application and enhanced Points of Presence, aiming to improve service reliability and customer experience.
Average Trading Volume: 270,040
Technical Sentiment Signal: Buy
Current Market Cap: A$26.34M
Learn more about VN8 stock on TipRanks’ Stock Analysis page.