Credit Bureau Asia (TCU) H2 2024 earnings summary

Executive summary

• Achieved revenue of S$59.7 million for FY2024, up 10% year-over-year, with net profit after tax and minority interest rising 14% to S$11.2 million.

• Both FI Data and Non-FI Data segments delivered double-digit profit growth, with continued regional expansion and product innovation.

• Renewed Dun & Bradstreet partnership for another 5 years, reinforcing market leadership in Singapore and Malaysia.

• Board recommends a final dividend of 2.0 Singapore cents per share, total payout for FY2024 at 4.0 cents, up 8.1% from FY2023.

Financial highlights

• Revenue increased to S$59.7 million in FY2024 from S$54.2 million in FY2023.

• Net profit after tax and minority interest reached S$11.2 million, up from S$7.8 million in FY2023.

• FI Data Business revenue rose to S$27.2 million, with profit before tax up 10% to S$15.1 million.

• Non-FI Data Business revenue climbed to S$32.6 million, with profit before tax up 19% to S$15.4 million.

• Earnings per share increased to 4.88 cents from 4.27 cents year-over-year.

Outlook and guidance

• Actively pursuing inorganic growth opportunities in Asia Pacific, focusing on complementary businesses.

• Expecting continued strong performance from both core business segments and further regional expansion.

• Targeting to maintain employee turnover below 30% and average training hours above 3.8 per employee.

• Aiming to maintain zero breaches of customer privacy and regulatory compliance.