Enprise Group (ENS) H2 2024 earnings summary

Executive summary

• Returned to profitability with total comprehensive income of $0.019m for FY24, reversing a prior year loss of $10.967m.

• Group revenue increased by $1.114m (5.4%) to $21.865m year-over-year.

• Kilimanjaro Consulting delivered improved performance, especially in the second half, aided by cost management and efficiency gains.

• iSell achieved 14.5% revenue growth and reduced losses through aggressive cost-cutting.

• Datagate recurring revenue grew 24.8%, with further investment post year-end.

Financial highlights

• Revenue from contracts with customers: $21.865m (FY23: $20.751m).

• Net loss after tax: $0.046m (FY23: $10.752m loss).

• Basic and diluted EPS: (0.04) cents (FY23: (60.82) cents).

• Cash and cash equivalents at year-end: $1.737m (FY23: $1.178m).

• Net assets: $3.104m (FY23: $1.446m).

Outlook and guidance

• Board-approved forecasts for FY25 and FY26 project sufficient cash to meet obligations.

• Positive operating cash flows expected to continue, contingent on maintaining MYOB contractual arrangements.

• Stress-tested forecasts indicate adequate liquidity even with a 5% revenue miss.