Bailador Technology Investments Limited Half Year 2024 Results

Bailador Technology Investments Limited reported a net profit of $22.0m for the first half of FY24, marking a significant increase from the previous year.

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Summary

Bailador Technology Investments Limited Half Year 2024 Results

  1. Bailador Technology Investments Limited reported a net profit of $22.0m for the first half of FY24, marking a significant increase from the previous year.

  2. The company declared an interim dividend of 3.5 cents per share, resulting in an annualized yield of 5.2% based on the share price as of 6 February 2024.

  3. Post-tax Net Tangible Assets (NTA) per share increased by 8% to $1.64, and by 10% after including dividends paid in September 2023.

  4. The portfolio's combined revenue grew by 41% over the last 12 months, reaching $379m.

  5. Bailador realized $52m in cash proceeds from the full cash realization of InstantScripts, delivering a 61% Internal Rate of Return (IRR).

  6. The company deployed $29m of capital across new and existing portfolio companies over the last 12 months.

  7. Significant valuation uplifts were noted in SiteMinder and Access Telehealth, contributing to the growth in NTA per share.

  8. Bailador has a Dividend Reinvestment Plan (DRP) active with a 2.5% discount.

  9. The company is well-positioned with Net Cash of $94m as of December 2023 to pursue additional investment opportunities.

  10. Bailador invested $29m into new and existing portfolio companies in 2023, including a $10m investment in new portfolio company Rosterfy.

  11. The outlook for FY24 includes potential for additional new and follow-on investments, leveraging the company's strong cash position.

This announcement is a summary of the company approved ASX announcement on 07/2/2024 and is based on facts.