Slide 1: FY25 half year results
FY25 half year results SOCO CORPORATION LTD (ASX:SOC) 1H FY25 RESULTS OVERVIEW 28 FEBRUARY 2025 ® 1
Slide 2: Contents
Contents Results overview Financial performance • Summary • Revenue and profitability • Operations • Balance sheet • Cashflow About SOCO Company Outlook • Who we are • Outlook • Our clients • Service offerings ®
Slide 3: Results Overview - Summary
RESULTS OVERVIEW - SUMMARY Comparison with previous corresponding period (1H25 vs. 1H24) $20.0m $18.0m Revenue Operating EBITDA1 $11.0m $0.65m $16.0m $11.2m $14.0m $9.8m $12.0m +17.8% growth over vs PCP2 of $0.12m $10.0m PCP2 of $9.4m $7.1m $8.0m $6.0m Operating EBIT3 NPATA4 $11.0m $0.16m $0.09m $4.
Slide 4: Results Overview - Summary: 1H25 in summary
RESULTS OVERVIEW - SUMMARY 1H25 in summary Consolidated revenue of $11.0m, up 17.8% on 1H24 (pcp) including $5.1m contribution from Axsym 1H25 revenue marginally down on 2H24 by 1.4% Operating EBITDA of $0.6m, up $0.5m on pcp NPATA of $0.09m compared to NPATA loss of $0.79m in pcp Net loss after tax
Slide 5: Results Overview - Operations
RESULTS OVERVIEW - OPERATIONS We serve a client pool Revenue QLD 1H25 FY24 32% 29% spanning different sectors and regions NSW 7% 10% ACT 53% 54% VIC 6% 5% Other 2% 2% Strong client retention with 81 existing clients delivering 86% of 1H25 revenue 27 new clients delivered 14% of 1H25 revenue. These s
Slide 6: We're on a mission.
We’re on a mission. Zehra. Sydney Consulting Team. 6
Slide 7: About SOCO – Who We Are
ABOUT SOCO – WHO WE ARE Overview of who we are and what we do We have strong values driven culture that is key to our shared success. SOCO (ASX:SOC) is one of Australia’s leading IT consultancies – putting people at the very centre of what we do. ✓ Our consulting teams solve business problems by app
Slide 8: About SOCO – Our Clients
ABOUT SOCO – OUR CLIENTS Who we serve our growing client base 8
Slide 9: About SOCO – Service Offerings
ABOUT SOCO – SERVICE OFFERINGS We deliver the digital transformation promise for our clients DOCUMENT BUSINESS ENTERPRISE DATA AND INFORMATION SERVICE CLIENT INNOVATION MANAGEMENT APPLICATIONS RESOURCE ANALYTICS SECURITY & AI MANAGEMENT AND ADVISORY AND COMMS Integrated and PLANNING Enabling data- S
Slide 10: Financial Performance.
Financial Luke. Consultant Performance. Business Applications Melbourne. ® 10
Slide 11: Financial Performance – Half year financial results
FINANCIAL PERFORMANCE 1H25 1H24 Half year FY25 Financial Summary ($000's) ($000's) Change financial results Revenue4 11,035 9,371 17.8% Operating EBITDA2 648 124 422.6% Depreciation (166) (130) -27.7% Revenue increased $1.66m or 17.8% versus pcp Amortisation of acquired intangibles (323) (111) -191.
Slide 12: Financial Performance – Balance sheet
FINANCIAL PERFORMANCE 31 Dec 2024 30 Jun 2024 Consolidated Balance Sheet ($000's) ($000's) balance sheet Cash and cash equivalent 1,591 2,310 Trade and other receivables 2,326 2,984 Other assets 367 226 Property, plant and equipment 268 187 Zero bank debt and with cash on hand of $1.6m Right-of-use
Slide 13: Financial Performance – Cash flow
FINANCIAL PERFORMANCE 1H25 1H24 Cash Flow ($000's) ($000's) Reliable Receipts from customers 12,573 11,377 cash flow Payments to suppliers/employees OCFBIT, acquisition costs1 Acquisition costs (12,373) 200 - (10,582) 795 (154) Positive cash conversion despite soft profit Net interest received/(paid
Slide 14: Outlook
Outlook “ Forecast full year FY2025 revenue to be in the range of $22m and $24m ” ® Kaja. Brisbane Consulting Team. 14
Slide 15: Company Outlook
COMPANY OUTLOOK The outlook for FY25 and beyond Based on current in-flight project and contract pipelines, management forecast full year FY2025 revenue to be in the range of $22m and $24m. The upcoming election is expected to see more challenging demand conditions during 2H25 than originally anticip
Slide 16: Contacts
Brisbane – Head Office contacts Level 4, 120 Edward Street Brisbane QLD 4000 Sydney Sebastian Rizzo Chief Executive Officer Level 15, 60 Station Street Parramatta SOCO Corporation Ltd NSW 2150 Email: sebastian.rizzo@soco.com.au Canberra Steve Parks Level 1, 42 Giles Street Kingston Chief Financial O
Slide 17: Legal Disclaimer
LEGAL DISCLAIMER This presentation (Presentation) and has been prepared by SOCO any estimated earning or other performance measures, are, or Corporation Ltd ACN 660 362 201 (Company). Shares in the may be, forward-looking statements. Such statements involve Company are listed on ASX (ASX code: SOC)
Slide 18: Let's talk about your big ideas.
Jack. Modern Workplace Consultant. ®® Let’s talk about your big ideas. Call 1300 364 833 soco.com.au 18