EP&T Global (ASX: $EPX) H1FY24 financial and operational highlights

EP&T Global Limited (ASX: $EPX) has reported a 29% increase in total revenue for the first half of the financial year 2024, with a significant improvement in underlying EBITDA loss by approximately 76%. The company's operating cash flow also saw a remarkable 124% turnaround, reaching $0.6 million from a previous period loss of $2.6 million. EP&T Global, a leading building efficiency platform provider, successfully completed a capital raising, securing A$3.1 million to drive revenue growth and support its sales growth strategy.

Executive commentary on EP&T Global's H1FY24 performance and capital raising

EP&T Global's H1FY24 performance reflects the company's continued commitment to delivering sustainable energy solutions and driving operational efficiencies. The successful capital raising of A$3.1 million will enable us to further invest in sales and marketing activities, expand our product suite, and pursue organic growth strategies. We are pleased with the significant improvement in our financial metrics, including the 29% increase in total revenue and the substantial reduction in underlying EBITDA loss by approximately 76%. The strong turnaround in operating cash flow, reaching $0.6 million, demonstrates our focus on financial discipline and operational efficiency.

Summary of EP&T Global's H1FY24 performance and outlook

EP&T Global's H1FY24 performance showcases its proven energy saving technology, with a portfolio average of 21% annual energy savings. The company continues to expand in domestic and international markets, currently contracted with 531 sites in over 25 countries across 5 continents. Market tailwinds support EP&T's core strength in operational data analytics, driving operational improvements and efficiency. With strong recurring revenues and a focus on sales and marketing initiatives, EP&T Global is well-positioned for future growth. The successful capital raising of A$3.1 million will further support the company's ambitions to be the world's most trusted building efficiency platform provider.