ActivePort Group (ATV) Trading Update summary

Financial performance and revenue growth

• Rolling 6-month software revenue increased 167% to March, with operating profit at 33% and EBITDA at 33% for the period.

• Group gross profit margin rose from 43% to 61%, driven by software business with 92% gross margins.

• Cost optimisation efforts reduced annualised aggregate OPEX by $3M at the end of FY23.

Strategic initiatives and product development

• Three new proof-of-concept projects launched with tier-1 telcos in Malaysia, Indonesia, and India, focusing on self-service network orchestration.

• The Global Edge B2B SaaS portal launches in July, targeting recurring revenue growth and high gross margins from enterprise customers.

• R&D delivered Android support and is developing version 3.0 with a vendor SDK for GPU orchestration, targeting AI system orchestration.

Market expansion and outlook

• SaaS platform experiencing strong demand across Australia, Southeast Asia, and Africa, with recurring revenue building across multiple sectors.

• FY25 focus is on recurring revenue growth and global expansion, leveraging new software deployments and the Global Edge portal.

• Activeport targets a $95 billion addressable market across telco, SaaS, cloud gaming, and AI segments, aiming to be a top-5 vendor in each.