RE: Decent volumes already19 Mar 2025 09:16
Bought 1st amounts
High gross margin of 70.0% in H1 2024, but down by 330bps due to the revenue decline, increased depreciation as we roll-out the latest 4G technology and increased operational costs;
· Adjusted EBITDA of £14.3m in H1 2024 with adjusted EBITDA margin of 54.0%;
· Cash generated from operating activities of £11.2m in H1 2024, delivered by the robust trading performance in the period;
· Significant net cash balance of £92.9m (£94.8 million pre-lease liabilities) at 30 June 2024, underpinning a very strong balance sheet