Cryosite Limited (ASX:CTE) Announces Strong Half-Year Financial Performance
Financial Performance
Cryosite Limited reported revenue of $6.64 million, up 4% from $6.40 million in the prior half-year. Profit before tax increased by 16% to $1.118 million. EBITDA rose by 15% to $1.518 million, while EBIT grew by 19% to $1.107 million. Net profit after tax slightly decreased by 1% to $838,000.
Dividend Declaration
The Board declared an unfranked final dividend of 2.0 cents per share, a 33% increase from 1.5 cents per share in the previous half-year, paid on 10 October 2024.
Operational Highlights
Cryosite completed a major capital works project, expanding its facility by 17%, allowing it to double its freezers and liquid nitrogen tanks. Additionally, the company launched a new Investor Hub on 15 January 2025 to enhance investor engagement.
Environmental, Social and Governance (ESG) Updates
Cryosite received a silver medal from EcoVadis in February 2024, reflecting its commitment to sustainability and its GHG reduction strategy.
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