Wellnex Life Limited (ASX:WNX) Reports Strong Sales Growth
Sales Performance
Wellnex Life Limited (ASX:WNX) announced a substantial increase in total sales for the first half of FY25. Total sales reached $11.94 million, representing a remarkable 112% growth compared to $5.63 million in the same period of FY24.
Key contributors to this growth included brand sales, which surged by 182% to $8.47 million from $3.0 million year-on-year. December 2024 was particularly noteworthy, with sales hitting $3.02 million, reflecting an extraordinary 1018% increase over December 2023’s $0.27 million.
Revenue Breakdown
The breakdown of revenue showcases significant developments. For December:
– Brand sales rose to $2.0 million, a 640% increase.
– IP licensing revenues amounted to $1.02 million, marking a significant new contributor.
For the first six months of FY25, the revenue composition shows:
– Brand sales of $8.47 million, up from $3.0 million.
– IP licensing revenues saw a 64% increase from $2.12 million to $3.47 million.
Future Outlook
The Board of Wellnex is optimistic about continued growth in the remaining months of FY25. Efforts will focus on expanding brand distribution and awareness while enhancing IP licensing operations.
Motley Fool contributor Aaron Shaw 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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