Full Year 2024 Infomedia Ltd Earnings Call Transcript
Key Points
- Total revenue increased by 8%, with 99% of it being recurring.
- Net profit after tax rose by 32% to $13 million.
- Strong balance sheet with no debt and $70 million in cash.
- Dividend increased by 5% for the full year.
- Successful renewal of major contracts with significant price increases.
- Expected customer churn in the e-commerce business, impacting the first half of FY25.
- Challenges in protecting IP and data in the Chinese market.
- Potential revenue impact from competitors undercutting prices in the e-commerce sector.
- Ongoing need for significant investment in product development and cybersecurity.
- Dependence on currency fluctuations due to a large portion of revenue being generated outside Australia.
(audio in progress) Questions can be submitted throughout the call. Now over to the CEO of Infomedia, Jens Monsees. Jens, over to you.
Thank you, [Kiera] Good morning, everyone. This is a very nice beautiful spring morning. Welcome to Infomedia results webcast for FY24. I'm Jens Monsees, the CEO and Managing Director of Infomedia. Firstly, I would like to acknowledge the traditional owners of the land on which we meet today, the Gadigal people on the Eora Nation, we pay our respect to the elders, past and present, and extend this acknowledgment and respect to the First People in all countries in which we operate.
Joining me on the call is my fellow colleague, Chantell Revie, our CFO. She will take you through the detailed financials today. You can follow along on the slides for the presentation, which was released earlier on the ASX. I will refer to the slide numbers as we move through the deck. Please note the legal disclaimer on
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