Sagtec Global (SAGT) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of $11.6 million for fiscal year 2024, up 78% year-over-year, driven by strong performance across all core verticals and market expansion.

• Gross profit increased 49% year-over-year to $2.8 million, reflecting improved margins and a scalable business model.

• Net income rose to $1.6 million, a $0.6 million increase from the previous year.

• Focused on accelerating expansion into Indonesia, Hong Kong, and other Southeast Asian markets.

Financial highlights

• Revenue from services surged 122% to $6.8 million, driven by client retention and new subscribers.

• Revenue from tangible products grew 50% to $4.8 million, fueled by increased distribution of food ordering kiosks and power bank charging stations.

• EBITDA reached $2.1 million, a 60% increase, with a 17.7% margin.

• Basic and diluted EPS was $0.14, up 56% from $0.09 year-over-year.

Outlook and guidance

• Plans to accelerate regional expansion in Southeast Asia, targeting Indonesia and Hong Kong.

• Committed to delivering sustained value to clients, shareholders, and stakeholders as digital economy presence scales.