Field Solutions Holdings Limited (ASX:FSG) Investor Presentation Highlights FY24 Financials
Financial Performance
Field Solutions Holdings Limited (ASX:FSG) reported strong financial results for FY24, achieving a revenue of $63.43 million, reflecting a 13% increase year on year. The company also recorded an EBITDA of $5.39 million, up 5% from the previous year. Adjusted net profit after tax stood at $0.20 million, influenced by amortisation costs related to the Tasmanet acquisition.
Operational Highlights
The company focuses on serving key industry sectors such as agriculture, mining, and government with a comprehensive telecommunications and IT service offering. With a diversified revenue stream, FSG continues to leverage its core business unit to achieve sustained top-line growth, targeting high-margin products and services to enhance profitability.
Strategic Review Outcomes
In response to recent performance challenges, FSG conducted a strategic review, revealing high revenue concentration risks in its mining and wholesale customer groups. Plans include operational restructuring to streamline processes, reduce risks, and increase focus on more stable growth sectors. FSG aims for the core group changes to reflect positively in FY26-27, with expectations for recovery and improved EBITDA margins.
Infrastructure Investments
FSG is actively building Australia’s fourth mobile network aimed at enhancing coverage and providing innovative sharing solutions for telecommunications infrastructure. With significant government backing for infrastructure construction, the company anticipates continued revenue contributions from asset monetisation and new carrier partnerships in the future.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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