Ioco LimitedJSE: IOC

IOC: EBITDA up 150%, gross profit rises, and strong cash flow drives debt reduction and future growth

· Issued by 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.

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