Pureprofile Ltd H1 2023 financial report

Pureprofile Ltd (ASX: $PPL) has reported a profit of $3,888 for the half-year ended 31 December 2023, a significant improvement from the loss of $502,949 in the same period in 2022. Earnings before interest, tax, depreciation, amortisation and significant items ('EBITDA excluding significant items') amounted to a profit of $2,371,485, up from $2,164,725 in the previous year. The company's net tangible assets per ordinary security as at 31 December 2023 exclude right-of-use assets and include lease liabilities.

Executive commentary on H1 2023 performance

The company embarked on stage 3 of its corporate strategy during the financial half-year, focusing on accelerating global growth. This involved increasing revenues and margin, building an integrated suite of products and services, investing in global growth, establishing technology partnerships, utilizing AI for client solutions and internal efficiency, growing Audience Builder partners, innovating through technology development, and identifying/executing acquisition opportunities. The company delivered a number of initiatives consistent with its corporate strategy, including robust revenue growth in the rest of the world, sustained growth in the ANZ region, expansion of the Platform, increased client projects, and securing a new debt facility with a big four Australian bank at favorable commercial terms.

Summary of H1 2023 financial report and outlook

Pureprofile Ltd (ASX: $PPL) reported a profit of $3,888 for the half-year ended 31 December 2023, a significant improvement from the loss in the same period in 2022. The company's focus on stage 3 of its corporate strategy led to robust revenue growth in various regions, sustained growth in the ANZ region, and the expansion of the Platform. The company aims to continue focusing on generating revenue growth and margin expansion while laying the foundations for further growth in FY25 and beyond. Pureprofile Ltd also secured a new debt facility with favorable commercial terms, demonstrating its commitment to financial and technology growth. The company's outlook includes international expansion, pannelist growth, technology improvements, and a clear focus on targeting NPAT profitability while continuing to focus on measured re-investment in growth opportunities. No significant changes in the state of affairs of the group were reported during the financial half-year, and no matters subsequent to the end of the financial half-year were identified that may significantly affect the group's operations or results in future financial years.