EP&T Global's growth and strategic moves

EP&T Global (ASX:EPX), a building energy optimisation company, has released its operational update for July to October 2024. The company reported an increase in both site numbers and revenue, despite it being a slower quarter. EP&T also expanded its client base and enhanced its technology platform through a strategic acquisition.

EP&T Global's strategic outlook and ambitions

EP&T Global Limited's operational update highlights its successful expansion and growth during a traditionally slow quarter. The company increased its monitored sites to 560 across over 25 countries, and saw growth in its Annual Contract Value and Annual Recurring Revenue. New contracts and partnerships, including those with a leading European asset manager and a major Australian real estate advisory firm, are contributing to this growth. The strategic acquisition of Coda enhances EP&T's technology platform, adding features like digital twin visualization and remote fault detection. The company remains focused on increasing its ACV per site and efficiently growing ARR, while supporting clients in achieving energy savings and reducing carbon emissions. Looking forward, EP&T Global is optimistic about the upcoming sales period, with a strong pipeline of opportunities.

Executive insights on EP&T Global's progress

CEO John Balassis emphasized the company's commitment to supporting clients' net zero goals and achieving significant environmental impact reductions.