Pureprofile records first full year profit and improved revenue

Pureprofile CEO Martin Filz has celebrated the global data and insights company's first full year of positive net profit after tax and revenue growth in Q4.

Pureprofile reported a net profit of $0.1m after tax for FY24, which is an improvement from the $1.9 million loss reported in FY23. 

Revenue was $48.1m, up 10%, which the company's report noted was significantly enhanced by record quarterly revenue in Q4 FY24 of $13.1 m, representing 18% growth.

The company's revenue in the rest of the world was up 23%, which the company noted was significantly bolstered by strong growth in the UK and India during the year.

Meanwhile, EBITDA was down 4%. Like-for-like EBITDA was up 8%, after accounting adjustment for cash based STI, introduced in FY24.

Pureprofile reported a cash balance of $5.2m, up from $4.2m on 31 December 2023. In FY24, $0.1m was repaid off the principal of debt facility.

Filz said in an announcement to the ASX: "I am thrilled to report our first full year of positive net profit after tax, assisted by record quarterly revenue for Q4 with an impressive 18% growth on PCP.

"Despite a subdued trading environment in ANZ, our rest of world revenue was bolstered by substantial growth in the UK and India. This achievement marks a significant milestone for Pureprofile, as we prepare to capitalise on this momentum moving into the coming year.

"These outstanding results reflect the dedication of our incredible team, the strength of our client relationships and the steadfast support from our partners and shareholders. In FY25, our focus will be on continuing to expand our global footprint, whilst strengthening our position in ANZ and integrating our new acquisition i-Link.

"Additionally, we are committed to leveraging opportunities using technology and Al to drive further innovation and growth."

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Top image: Martin Filz