Business
IOC: EBITDA up 150%, gross profit rises, and strong cash flow drives debt reduction and future growth
IOC: EBITDA up 150%, gross profit rises, and strong cash flow drives debt reduction and future growth
About this update from Ioco Limited
EBITDA surged 150% year-over-year to ZAR 252 million, with gross profit up 2.8% despite a 6.4% revenue decline. Strong cash flow enabled significant debt reduction, and the outlook targets double-digit free cash flow growth and a net debt to EBITDA ratio of 1:1 by year-end.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.