AVA Risk Group Limited (ASX:AVA) Reports H1 FY2025 Financial Results
Financial Performance
AVA Risk Group Limited reported a 20% increase in consolidated revenue, reaching $17.0 million for the half-year ended 31 December 2024. Profit after tax attributable to shareholders surged by 99% to $2.309 million, reversing the previous year’s loss of $2.332 million. EBITDA improved by 254% to $2.597 million compared to a loss of $1.021 million in the prior year.
Operational Highlights
The company’s Detect segment drove strong sales order intake of $16.3 million, with a sales order backlog of $7.6 million, including $2.4 million in contracted annual recurring revenue. Significant deployments of the Aura Ai-X technology were completed at critical European borders, Dubai International Airport, and a major North American airport. Recurring service contracts grew by 20% to $2.4 million. Detect segment revenue rose by 57% to $12.1 million, while Access segment revenue decreased by $1.2 million to $2.0 million. The Illuminate segment introduced the new LoRa product, enhancing device integration and supporting key projects with UGL and Telstra.
Future Outlook
AVA Risk Group Limited continues to invest in its commercial capabilities and technology to grow revenue and market share. The company is focused on expanding its sales pipeline in key industry verticals, increasing recurring revenue, maintaining high gross margins, and ensuring a scalable cost base to support ongoing earnings growth.
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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