Financial Reports

Revenue

$213.6m

↑ 11.1% on FY22

Underlying NPAT1,2,3

$25.5m

↑ 14.7% on FY22

Underlying EBITDA1,2

$53.4m

↑ 11.0% on FY22

Underlying EBIT1,2

$38.1m

↑ 14.2% on FY22

Reported NPAT3

$22.0m

↑ 18.9% on FY22

Reported EBITDA1

$48.5m

↑ 12.3% on FY22

FY23 Profit & Loss Overview

Underlying ($m)
FY23
FY22
% Change
Group Revenue 213.6 192.3 11.1%
Underlying EBITDA 1,2 53.4 48.1 11.0%
Underlying EBIT 1,2 38.1 33.4 14.2%
Underlying NPAT 1,2,3 25.5 22.2 14.7%
Reported ($m)
Reported EBITDA 1 48.5 43.2 12.3%
Depreciation & amortisation (15.4) (14.8) (4.1%)
Reported EBIT 33.1 28.4 16.5%
Net finance costs (3.3) (2.1) (57.1%)
Reported Profit before tax 29.8 26.2 13.7%
Income tax expense (7.8) (7.7) (1.3%)
Reported NPAT 3 22.0 18.5 18.9%

FY23 Cash Flow Overview

($m)
FY23
FY22
% Change
Reported EBITDA 48.5 43.2 12.3%
Movement in working capital (0.0) (1.5) 100.0%
Income taxes paid (9.4) (9.8) 4.1%
Net operating cash flow (post tax) 39.1 31.9 22.6%
Capital expenditure (27.8) (11.8) (135.6%)
Payments for businesses/minority interest (12.7) (3.4) (273.5%)
Cash flow from investing activities (40.5) (15.2) (166.4%)
Free Cash flow4 (1.4) 16.7 (108.4%)
Dividends paid (17.1) 16.7 (108.4%)
Interest on borrowings5 (1.2) (0.6) (100.0%)
Payments of lease liabilities (9.2) (8.6) (7.0%)
Proceeds of borrowings 29.0 8.4 245.2%
Cash flow from financing activities 1.5 (17.7) 108.5%
Net cash flow movement 0.1 (0.9) 111.1%
Closing cash balance 8.0 7.9 1.3%

1. Non-IFRS measure.
2. Refer to page 32 for reconciliation of Reported EBITDA, EBIT and NPAT to Underlying EBITDA, EBIT and NPAT.
3. NPAT including minority interest.
4. Free Cash Flow is Net Operating cash flow (post-tax) less Cash Flow from investing activities.
5. Including capitalised bank fees

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