Saferoads Holdings Limited (ASX:SRH) Releases Q4 Activities Report
Financial Performance
Saferoads Holdings Limited reported total revenue of $3,334k for the quarter ended December 31, 2024, a decrease of 1.7% compared to the previous quarter. The company’s balance sheet reflects a strong debt reduction, with overdraft and other borrowings reduced by $473k to $2,488k.
Business Developments
The company is advancing the potential sale of its Road Safety Rentals business, with final due diligence nearly complete. A final decision is expected next month. Additionally, Saferoads Holdings has secured approval for its Fixed Crash Barrier version of the patented T-Loc connection system for use on Victorian freeways and major road construction projects.
Bank Support
Saferoads Holdings continues to receive support from the Commonwealth Bank of Australia. The company has obtained an extension to settle the term bank loan, with facilities remaining in place until the Road Safety Rentals sale is concluded. The bank has waived all past covenant breaches, and the facilities are likely to be repaid following a successful sale.
Motley Fool contributor Abbie Stokes 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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