Kogan.com Ltd reported improved financial results for FY24, with a return to profitability and strong growth in key areas. The company saw significant increases in Kogan FIRST Subscribers, Gross Profit, and Gross Margin, while Platform-based Sales contribution rose to 62% of Kogan.com's Gross Sales.
Despite a slight decline in overall Gross Sales and Revenue, the company achieved an Adjusted EBITDA of $40.0 million and a Statutory NPAT of $0.1 million.
Kogan.com's balance sheet remained strong with $41.2 million in cash and no debt, while the company's Board of Directors reinstated dividends, declaring a fully franked Final Dividend of 7.5 cents per Ordinary Share.
ASX Code : KGN