FY24 Results Announcement

In FY24 the company acquired 2 businesses in the UK and Germany, and expanded operations into Denmark.

Key FY24 results highlights include:

• Group revenue of $54.3m¹ (up 21%)
• Adjusted EBITDA of $14.7m² (up 28%)
• Adjusted EBITDA margin of 27%² (up 150 bps)
• Growth in global parking breach notices up 22%
• Growth in APAC/Germany parking breach notices up 271%
• Adjusted Free cashflow of $12.2m³ (up 40%)
• 1,424 total group ANPR sites under management
• Cash of $7.2m to self-fund organic growth, expansion into new territories, and complementary acquisition opportunities
• Organic growth complemented by 2 acquisitions in the UK and Germany.
• Denmark operations commenced in January 2024

The Company is also pleased to say that we have continued our growth momentum into FY25, with July revenue of $5.5m, an increase of 34% on the PCP.

Click here to access our FY24 Investor Presentation

Click here to access our FY24 Preliminary Final Report

¹  Excludes revenue of $0.1m from the new Denmark territory $0.2m of interest income.

²  Excludes $0.6m investment in new Denmark market, $0.2m investigating new territories and other non-operating/non-recurring items.

³  Excludes Denmark and Exceptional items to enable like for like comparison with PCP.