Full Year 2024 Comms Group Ltd Earnings Call Transcript

Aug 21, 2024 / 01:30AM GMT
Peter Mcgrath - Comms Group Ltd - Chief Executive Officer, Executive Director

Good morning, everyone. My name is Peter McGrath, CEO of Comms Group Limited. With me this morning, I have Matthew Beale, our CFO, and we're going to be running through our FY24 full year results. We'll run through the presentation. If you have any questions, please launch them by the Q&A function or the chat session there, if you like or alternatively, you can launch them on via our website.

We'll make a start now. We have quite a few people who joined. So thank you for taking the time out to join with us this morning.

In terms of highlights for FY24, it's been a significant year for Comms Group, which had record revenue and EBITDA reported, which we're actually delighted with total revenue of $55.5 million, which exceeded guidance and underlying EBITDA of $6.6 million, which was in line with guidance. I think a couple of key achievements here.

Firstly, all of the revenue growth is come from organic revenue growth and over 90% of the revenue was recurring. Another key highlight for the year was

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