PWR Holdings Limited reported a Net Profit After Tax (NPAT) of $9.8 million for the period ending 31 December 2023.
A fully franked interim dividend of 4.80 cents per share has been declared.
Revenue increased by 22.2% to $64,215,000 in HY24 from $52,570,000 in HY23.
EBITDA grew by 27.2% to $18,379,000 in HY24, with an EBITDA margin improvement from 27.5% to 28.6%.
Operating cash flow saw a significant increase of 53.8%, reaching $17,227,000.
Earnings per share rose by 25.4% to 9.74 cents.
The interim dividend per share increased by 33.3% to 4.80 cents.
Revenue growth was notably driven by a 124% increase in Aerospace and Defence and a 19% increase in Motorsport revenue.
The company highlighted improved operating efficiencies and cost controls as a factor in its performance.
PWR's strong balance sheet is evidenced by $15.6 million in cash as of 31 December 2023.
The company is focused on investing in its people, vertical integration, capacity, and capability for future opportunities.
Financial statements and an investor presentation for HY24 have been made available on PWR's website and the ASX Company Announcement’s Platform.
An investor webcast and call are scheduled for 22 February 2024.
This announcement is a summary of the company approved ASX announcement on 21/2/2024 and is based on facts.