Strong Revenue Growth
Revenue for H1 FY 2025 reached AUD 93.6 million, marking an 18% increase compared to the prior corresponding period and a 4% increase over the second half of FY 2024.
North American Market Success
The North American business saw significant growth with 940 new units installed, bringing the total to over 31,000 units. Annuity revenue growth in North America was 19%.
European Region Revenue Increase
Revenue in Europe grew by 37% compared to the prior corresponding period, reaching AUD 5.9 million.
Profitability and Operating Leverage
Profit before tax for the Trophon-only business was AUD 25.6 million, with PBT as a percentage of revenue growing from 23% to 27%.
Cash Flow and Financial Health
The business generated AUD 13.8 million in cash flow, leading to a cash balance of AUD 144.5 million, with no debt.
Gross Margin Improvement
Gross profit margin improved to 78.5%, up from 76.3% in the second half of 2024.