Datapulse Technology (BKW) H2 2024 earnings summary

Executive summary

• FY2024 marked a return to profitability: net profit was $4.517m, versus a $1.171m loss in FY2023; revenue rose to $6.186m from $4.469m.

• Turnaround included a $2.910m reversal of freehold-building impairment and an $892k income tax credit; these items materially supported reported profit.

Financial highlights

• Revenue increased to $6.186m from $4.469m; hotel operations contributed $5.938m, asset management $0.180m and investment-related income $0.068m.

• Profit before tax was $3.625m versus a $1.390m loss; net profit was $4.517m versus a $1.171m loss.

• Operating cash flow was $1.393m; cash and bank balances were $14.194m at 31 July 2024, while total liabilities fell to $1.913m from $2.936m.

• Total assets were $63.766m and equity $61.853m; net current assets were $13.131m, up from $12.365m.

Outlook and guidance

• Focus remains on growing hotel revenue and managing cost pressures without compromising service quality; plans also include exploring non-hospitality opportunities to diversify revenue and improve returns.

• Cash conservation remains a priority following the return to profit; no FY2024 dividend was recommended.