Aspermont financial results overview

Aspermont (ASX:ASP) has published its preliminary financial results for the fiscal year ending 30 September 2024, revealing a tough year with declines in key financial metrics. Revenue from continuing operations dropped by 9% to A$17,486,000, and the net loss after tax from continuing operations rose by 43% to A$2,437,000.

Aspermont FY24 performance summary

Aspermont (ASX:ASP) has detailed a difficult financial year with a decrease in revenue and an increase in net loss. Revenue from continuing operations fell to A$17,486,000, a 9% decline from the prior year. The net loss after tax from continuing operations increased by 43% to A$2,437,000. Despite these challenges, the net loss after tax attributable to equity holders of the parent entity decreased by 13% to A$1,487,000. Notably, the normalised EBITDA turned negative, dropping by 119% to negative A$328,000. No dividends were declared, and the dividend reinvestment plan remains suspended. Additionally, the net tangible asset backing per ordinary share decreased by 31% to negative 0.33 cents, reflecting ongoing financial pressures. Investors and stakeholders are advised to review the forthcoming audited reports for a comprehensive understanding of Aspermont's financial health and future strategies. These reports are anticipated to provide further insights into the company's performance and are scheduled for release on 28 November 2024.

Executive commentary on financial performance

The report highlights a challenging year with declines in several key financial metrics compared to the previous year.