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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Carma
Carma (CMA) investor relations material
Carma H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary2 Nov, 2025
Executive summary
Operates a technology-led, full-stack digital platform for buying and selling used vehicles in Australia, with a vertically integrated business model covering sourcing, reconditioning, AI-powered pricing, retail, wholesale, financing, and delivery.
Transitioned to a public company and appointed new independent non-executive directors after year-end.
Financial highlights
Revenue increased to $71.4 million for the year ended 30 June 2025, up from $68.9 million year-over-year.
Gross profit rose to $5.2 million from $0.9 million year-over-year.
Net loss after income tax was $35.9 million, compared to $33.4 million in the prior year.
Net operating cash outflows were $19.3 million, up from $16.6 million year-over-year.
Convertible notes issued during the year raised $29.9 million.
Outlook and guidance
Directors expect the planned IPO to complete within months after the reporting date, converting convertible notes to equity and raising $44.9 million (net of IPO costs).
Forecasts assume 79% revenue growth and gross profit margin improvement to 9.2%.
Underwriting agreement for the IPO is expected to further strengthen funding.
IPO failure: What are the contingency plans?
Software investment impact on profitability?
Explain the 2025 audit fee increase.
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Latest events from Carma
Next Carma earnings date
H1 202612 Apr, 2026
Carma
Next Carma earnings date
H1 202612 Apr, 2026
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Amina0781App Store
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@theshortbearx.com
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