Xamble Group Limited (ASX:XGL) Reports Year-End Financial Results
Financial Performance
Xamble Group Limited reported a 15% decrease in revenue to A$9.2 million for the year ended 31 December 2024. The net loss attributable to owners increased by 16% to A$2.24 million.
Operational Achievements
The SME segment saw strong growth with a 62% revenue increase to A$0.6 million. Live commerce transactions reached 92k, generating over A$2.9 million in gross merchandise value. The Xamble Creators app saw downloads surge by 147% to 6k, with Monthly Active Influencers up by 134%.
Investments and Grants
Technology investment increased by 27% to A$0.8 million, supported by a A$1.2 million MDEC Grant, with A$0.2 million received in CY2024 and the remainder due in CY2025 and CY2026. Cost management efforts reduced business expenses by 12% to A$9.0 million.
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