Kinatico Limited (ASX:KYP) Reports Strong H1 FY25 Revenue Growth
Financial Performance Overview
Kinatico Limited (ASX:KYP) has reported a strong financial performance for the first half of the 2025 financial year. The company achieved total revenue of $15.6 million, which marks a 9% increase compared to the prior corresponding period. Notably, revenue attributed to Software-as-a-Service (SaaS) customers reached $6.5 million, reflecting a striking 49% growth on the previous year. SaaS revenue now constitutes 42% of total revenue, up from 31% in the same period last year.
Quarterly Insights
During the second quarter of FY25, Kinatico generated $3.5 million in SaaS revenue, an increase of 47% year-on-year. In this quarter, SaaS revenue represented 46% of total quarterly revenue, which amounted to $7.6 million. This growth trajectory underscores Kinatico’s successful SaaS strategy.
Cash Position
As of 31 December 2024, Kinatico reported closing cash and cash equivalents of $9.9 million, indicating a cash accretive position despite one-off restructuring charges. The positive cash flow reflects the company’s growth while preparing for the launch of its new compliance platform.
CEO’s Remarks
CEO Michael Ivanchenko expressed satisfaction with the company’s performance, stating, “I am delighted to be able to report our success in achieving our target growth whilst simultaneously being cash accretive. I want to thank all Kinatico staff for their excellent ongoing efforts and for their commitment to our common goal.” He also announced that a comprehensive half-year report will be released before the end of February, providing further insights into the company’s performance and future outlook.
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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