Develop Global's quarterly financial overview

Develop Global (ASX:DVP) has published its quarterly cash flow report for the period ending 30 September 2024. The report highlights cash flows from operating, investing, and financing activities, along with the company's financial position and available funding.

Comprehensive quarterly cash flow report summary

Develop Global (ASX:DVP) reported receipts from customers of $54,976,000 and a net cash generation of $2,356,000 from operating activities. The company invested heavily in property, plant, and equipment, resulting in a net cash outflow of $17,213,000 from investing activities. Financing activities included raising $10,000,000 from equity securities issuance, resulting in a net cash inflow of $4,008,000. Cash reserves decreased to $30,468,000 by the quarter's end, with significant equipment financing facilities of $93,284,000, of which $48,459,000 remains unused. The company's strategic financial management, with a focus on operational efficiency and leveraging financing facilities, underscores its robust financial health and operational focus.

Executive commentary on Develop Global's performance

The report confirms compliance with relevant accounting standards and was authorized for release by the Managing Director on 28th October 2024.